ExchangeRight Sells Class ER-A Shares in $90K Private Offering
The real estate investment trust continues its capital raise strategy with exempt equity issuance targeting accredited investors.
September 02, 2025
ExchangeRight Income Fund Issues Class ER-A Shares in Private Capital Raise
ExchangeRight Income Fund is continuing its multi-class equity raise with the latest sale of 3,109 Class ER-A shares. Completed on August 28, the transaction brought in $90,000 in gross proceeds and forms part of a broader $2.165 billion private placement.
This is a rolling raise—not a one-off event. ExchangeRight is offering a full suite of share classes, including Class I, A, S, D, ER-I, ER-A, ER-S, and ER-D. That allows them to align different share structures with different investor needs. The Class ER-A shares were sold under Regulation D, Rule 506(c), which means they were offered exclusively to accredited investors, without registration under the Securities Act.
The company paid $6,000 in selling commissions tied to this specific tranche. These fees are typical of private placements and factored into the overall gross proceeds.
Capital strategy aligned with asset focus
Behind the scenes, ExchangeRight is positioning this offering as part of its long-term strategy to scale a portfolio that focuses on income-generating real estate. The company is targeting properties that, in its view, are more resistant to e-commerce disruption and economic downturns.
At the same time, the report makes it clear that execution depends on a range of factors—tenant renewals, interest rate trends, credit conditions, and compliance with REIT rules, among others. ExchangeRight also acknowledges risks around lease rollover, tenant concentration, data security, and environmental exposures.
Looking ahead: Forward-facing disclosures
Forward-looking statements in the report are built on assumptions about market and economic conditions that can shift quickly. The company highlights these as part of its regulatory framework to help investors understand the uncertainties that come with any real estate investment strategy.
With this latest sale, ExchangeRight continues to bring in capital through exempt offerings, providing more room to pursue acquisitions and expand its REIT platform while staying focused on its stated risk profile and operating goals.
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