ExchangeRight
Sponsor Overview
ExchangeRight is one of the largest and most disciplined net-lease DST sponsors in the industry, founded in 2012 by Warren Thomas and David Fisher. The firm specializes in 'Net-Leased Portfolios' — diversified bundles of triple-net-leased, investment-grade retail tenants (Walgreens, CVS, Dollar General, Tractor Supply, Hobby Lobby) designed for stable, predictable cash yield. ExchangeRight has completed 28 full-cycle DST exits with 100% success rate, averaging 7.77% AAR and 1.41x EM over 5.4-year holds. The firm also operates a multifamily platform (6 full-cycle exits) and a 721-UPREIT strategy enabling DST holders to roll into the ExchangeRight Essential Income REIT.
Sponsor Notes
- Diversified net-leased retail portfolios with investment-grade tenants
- Triple-net lease structure — zero landlord responsibility
- 721-UPREIT exit strategy via Essential Income REIT
- 100% success rate across 28 full-cycle DST exits
Sponsor Overview
Firm Name
ExchangeRight
Headquarters
Pasadena, CA
Year Founded
2012
Assets Under Management (AUM)
$7B+
Preferred Sponsor
Yes
Performance
Full-Cycle DSTs
28
Average Annual Return
7.77%
Average Equity Multiple
1.41x
Average Hold Period
5.41 Years
Success Rate
100.00%
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