ExchangeRight Fully Subscribes $55.9M Net-Leased Portfolio 71 DST
The offering’s close signals sustained demand for net-leased real estate strategies providing stable income and REIT exit optionality.
January 07, 2026
This article was originally published on ExchangeRight
by Lindsey Thompson.
PASADENA, Calif. — ExchangeRight, one of the nation’s leading providers of diversified real estate REIT and DST investments, has announced the full subscription of Net-Leased Portfolio 71 DST.
The successful closing reflects the increased investor demand for historically recession-resilient and diversified net-leased offerings that provide stable income and exit optionality into ExchangeRight’s Essential Income REIT.
The $55.9 million portfolio, backed by primarily investment-grade companies operating in necessity-based industries, provides investors with monthly distributions at a current rate of 5.00%, covered 100% by in-place revenues from the offering. Net-Leased Portfolio 71 DST is a closed offering and is not accepting new investors.
The offering consists of 12 long-term net-leased properties with an initial weighted average lease term of 10.9 years. The properties are tenanted by historically recession-resilient companies such as Aldi, Conviva, Natural Grocers, Dollar General Market, and O’Reilly Auto Parts.
The portfolio spans 12 markets across 9 states and comprises 148,503 square feet of retail space.
As part of ExchangeRight’s aggregation strategy, Net-Leased Portfolio 71 DST is designed with the end in mind—a future aggregation into ExchangeRight’s Essential Income REIT. Through its vertically integrated platform, ExchangeRight intends to provide investors access to long-term tax-advantaged income with enhanced diversification, liquidity, and optionality.
At exit, investors may have the opportunity to participate in a tax-deferred 721 exchange into the REIT, in addition to other strategic exit options including a 1031 exchange, cash-out, or a combination of these options. There is no guarantee that the DST’s or the Sponsor’s objectives, including its exit strategies, will be achieved.
“Our Net-Leased Portfolio platform is designed to benefit investors through every stage of the offering life cycle,” said Warren Thomas, managing partner at ExchangeRight. “Net-Leased Portfolio 71 DST not only provides investors consistent monthly income covered by in-place revenues, but is also structured with the opportunity to participate in a tax-deferred 721 exchange into the Essential Income REIT in addition to other potential exit options.”
The past performance of ExchangeRight does not guarantee future performance or exit optionality.
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