ExchangeRight has announced the full subscription of Net-Leased All-Cash 19 DST, a $26.95 million debt-free offering that provides 1031 exchange and cash investors access to net-leased real estate backed by historically recession-resilient tenants in necessity-based industries. The offering is designed to provide investors stable monthly distributions, with a current annualized rate of 5.15% that is covered entirely by in-place lease revenue. Net-Leased All-Cash 19 DST is a closed offering and is not accepting new investors.
The unleveraged portfolio consists of three net-leased properties tenanted by Fred Meyer, Hobby Lobby, and Verizon, with an initial weighted-average lease term of 10.7 years. The properties total 122,149 square feet and are located across Washington, Alabama, and Illinois. Net-Leased All-Cash 19 DST is backed by a 20-year master lease guaranteed by the Essential Income REIT, a $1.7+ billion diversified portfolio of net lease industrial, necessity retail, and healthcare properties backed primarily by recession-resilient and investment-grade credit tenants.
At exit, the offering 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. Pending successful future financing, the company intends to offer investors a tax-deferred lump sum payment targeting 20% of their initial investment through a cash-out financing, together with a tax-deferred 721 exchange of the approximately 80% non-financed equity into the Essential Income REIT. There is no guarantee that Net-Leased All-Cash 19 DST’s objectives, including its exit strategies, will be achieved.
“All-Cash 19 DST reflects continued investor demand for debt-free access to necessity-based real estate that has historically remained resilient through economic downturns,” said Joshua Ungerecht, managing partner at ExchangeRight. “The offering’s 20-year master lease from the Essential Income REIT’s Operating Partnership provides investors an added layer of income security that complements the stability of the portfolio’s net-leased real estate and the strength of its tenants.”
The past performance of ExchangeRight and its previous 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.
