ExchangeRight Fully Subscribes $63.34 Million Net-Leased Portfolio 74 DST
ExchangeRight Fully Subscribes $63.34 Million Net-Leased Portfolio 74 DST
ExchangeRight, one of the nation's leading providers of diversified REIT and DST investments, has announced the full subscription of Net-Leased Portfolio 74 DST. The $63.34 million portfolio, backed by investment-grade tenants operating in necessity-based industries, provides investors with monthly distributions at a current annualized rate of 5.00% covered by in-place lease revenue from the offering. Net-Leased Portfolio 74 DST is a closed offering and is not accepting new investors.
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Net-Leased Portfolio 74 comprises 11 long-term, net-leased properties spanning 11 markets in California, Iowa, Michigan, Mississippi, Nebraska, North Carolina, Ohio, Pennsylvania, and Texas, with a weighted-average lease term of 16.3 years. The portfolio includes $26.75 million in non-recourse debt at a 42.23% loan-to-value ratio. The properties are net-leased to historically recession-resilient national companies including Tractor Supply Company, Dollar General, CVS Pharmacy, and Dollar General Market.
Net-Leased Portfolio 74 comprises 11 long-term, net-leased properties spanning 11 markets in California, Iowa, Michigan, Mississippi, Nebraska, North Carolina, Ohio, Pennsylvania, and Texas, with a weighted-average lease term of 16.3 years. The portfolio includes $26.75 million in non-recourse debt at a 42.23% loan-to-value ratio. The properties are net-leased to historically recession-resilient national companies including Tractor Supply Company, Dollar General, CVS Pharmacy, and Dollar General Market.
Net-Leased Portfolio 74 was designed with the end in mind, leveraging ExchangeRight's vertically integrated platform and scalable aggregation strategy to structure the offering for a potential future acquisition by the Essential Income REIT. Individual investors are provided with multiple targeted exit options, including a tax-deferred Section 721 exchange into the Essential Income REIT, a tax-deferred Section 1031 exchange, a cash-out, or a combination of these options. There is no guarantee that Net-Leased Portfolio 74 DST's or the Sponsor's objectives, including its exit strategies, will be achieved.
"Net-Leased Portfolio 74 continues our disciplined approach to building diversified portfolios of necessity-based real estate on behalf of investors," said Joshua Ungerecht, a managing partner at ExchangeRight. "By combining long-term net leases with investment-grade tenants successfully operating across historically recession-resilient industries, we aim to provide dependable passive income that can carry investors throughout economic cycles."
The past performance of ExchangeRight and its offerings does not guarantee future performance.
About ExchangeRight
ExchangeRight and its affiliates' vertically integrated platform features more than $7.7 billion in assets under management that are diversified across over 1,400 properties and 30 million square feet throughout 47 states, as of July 31, 2026. ExchangeRight pursues its passion to empower people to be secure, free, and generous through 1031 DST portfolios, Essential Income REIT, and cash management funds, 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 industrial, necessity retail, and healthcare industries. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.
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