ExchangeRight, a provider of diversified 1031 DST and REIT investments, has fully subscribed its Essential Income 8 DST. This full subscription is part of the company’s Essential Income DST series, designed to provide investors with accelerated access to the Essential Income REIT via a tax-deferred Section 721 exchange after a two-year hold period. Essential Income 8 DST is a closed offering and is not accepting new investors.
Structured as a 100 percent equity offering, Essential Income 8 DST features a $15.4 million portfolio of net-leased real estate backed by historically recession-resilient tenants, providing investors with a current cash flow rate of 5.5 percent. The portfolio consists of five properties tenanted by AutoZone, Dollar General, Tractor Supply Company and Dollar General Market, which together total 57,813 square feet of retail space across Alabama, Arkansas, Pennsylvania and West Virginia.
Essential Income 8 DST is supported by a 20-year master lea
