ExchangeRight Closes $58.6M Net-Leased Portfolio 72 DST

Event summary

  • ExchangeRight fully subscribed its $58.6M Net-Leased Portfolio 72 DST, a closed offering with 15 properties.
  • Portfolio includes 240,137 sq. ft. of retail and healthcare space leased to necessity-based tenants.
  • Initial weighted-average lease term of 14.9 years with $25.9M in non-recourse debt at 44.19% LTV.
  • Investors receive monthly distributions at a 5.00% rate covered by in-place revenues.
  • Portfolio structured for strategic exits including 721 exchange, 1031 exchange, or cash out.

The big picture

ExchangeRight's fully subscribed $58.6M portfolio reflects continued investor appetite for stable, necessity-based real estate investments. The offering's strategic diversification across tenants, industries, and markets aligns with broader trends favoring recession-resilient assets. With $7.4B in AUM, ExchangeRight's ability to structure such portfolios positions it as a key player in the net-leased real estate space.

What we're watching

Exit Strategy Execution
Whether investors will exercise tax-deferred 721 exchanges into Essential Income REIT or pursue other exit options.
Portfolio Performance
How the 5.00% distribution rate holds up against economic cycles given the recession-resilient tenant base.
Market Diversification
The pace at which ExchangeRight expands its $7.4B AUM across additional necessity-based real estate sectors.