ExchangeRight has announced the full subscription of Essential Income 7 DST amid continued investor demand for accelerated access to the Essential Income REIT. Essential Income 7 DST is a closed offering and is not accepting new investors.
The fully subscribed offering is part of ExchangeRight's Essential Income DST series, designed to provide investors with access to the Essential Income REIT via a tax-deferred Section 721 exchange after a targeted two-year hold period. Essential Income 7 DST is supported by a 20-year master lease guarantee provided by ExchangeRight's Essential Income REIT and its Operating Partnership.
The unleveraged offering features a $38.95 million portfolio of net-leased real estate backed by historically recession-resilient tenants and provides investors with a current cash flow rate of 5.5 percent. The portfolio consists of five properties tenanted by BioLife, Hobby Lobby, and Tractor Supply Company. The properties total 147,862 square feet of
