ExchangeRight Essential Income REIT has reportedly acquired two additional Delaware Statutory Trust (DST) portfolios previously offered by its sponsor. The transactions involve portfolios associated with Net-Leased Portfolio 51 DST and Net-Leased Portfolio 53 DST, both originally fully subscribed in 2022.
An October 2026 SEC filing confirms that ExchangeRight’s operating partnership established two new series of common units, NLP 51 and NLP 53, to facilitate the acquisition of the DST portfolios. The units generally do not carry redemption rights unless those rights are subsequently granted by the company.
Why We’re Watching
These transactions illustrate how previously offered DST portfolios can transition into a REIT structure through operating partnership units. For advisors evaluating DST exit strategies, the terms of these transactions, including potential liquidity restrictions, are important considerations when assessing investment outcomes.
Original Sources:
ExchangeRight SEC Form 8-K — October 2026
ExchangeRight REIT Completes Two More Sponsor DST Acquisitions — AltsWire
