PASADENA, Calif. – ExchangeRight has announced the full subscription of Net-Leased All-Cash 13 DST, growing the acquisition pipeline for ExchangeRight’s Essential Income REIT. The $38 million debt-free portfolio provides investors with monthly distributions at a current rate of 5.20% covered entirely by in-place lease revenue. Net-Leased All-Cash 13 DST is a closed offering and is not accepting new investors.
The offering consists of six long-term net-leased properties tenanted by Reasor’s (Brookshire’s Grocery Company), Tractor Supply, and Dollar Tree, with an initial weighted-average lease term of 12.9 years. The portfolio spans 184,508 square feet across Pennsylvania, Oklahoma, and Michigan.
The Net-Leased All-Cash 13 DST exit strategy is structured to provide investors with a tax-deferred cash-out financing option, along with the potential to complete a 1031 exchange, a 721 exchange into the Essential Income REIT, cash out, or any combination of these options at exit. Pending successful future financing, the company intends to provide investors with the option to receive a tax-deferred lump sum payment of 20%+ of their initial investment through a cash-out financing, and a tax-deferred 721 exchange of the approximately 80% non-financed equity into the Essential Income REIT. There is no guarantee that the DST’s objectives, including its exit strategies, will be achieved.
“This full subscription reflects investor confidence that long-term net leases, backed by primarily investment-grade tenants in necessity-based industries, can support stable income and capital preservation," said Warren Thomas, managing partner at ExchangeRight. “In parallel, we continue to add quality, debt-free real estate to the Essential Income REIT’s pipeline.” The past performance of ExchangeRight, its offerings, and its tenants does not guarantee future performance or that the intended exit will be achieved.
About ExchangeRight
ExchangeRight and its affiliates’ vertically integrated platform features more than $6.8 billion in assets under management that are diversified across over 1,400 properties, and 27 million square feet throughout 48 states, as of September 30, 2025. ExchangeRight pursues its passion to empower people to be secure, free, and generous through its Essential Income REIT and 1031 DST portfolios that target secure capital, stable income, and strategic exits, all of which have historically met or exceeded investor projections since ExchangeRight’s inception. On behalf of investors nationwide, the company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated in the necessity-based retail and healthcare industries. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.
Media Contact
Lindsey Thompson
Senior Media Relations Officer
lthompson@exchangeright.com