Top1031

ExchangeRight Essential Income 10 DST

Net lease (series pattern) property — sponsored by ExchangeRight

Minimum investment
$100k
Offering size
$30.7M
How much has sold
None sold yet
Asset type
Net lease (series pattern) property
Location
Not stated
Financing
Leveraged. This offering reports mortgage debt on the property.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

ExchangeRight Essential Income 10 DST is a Delaware statutory trust — a structure that lets 1031 exchange investors hold fractional real estate interests — sponsored by ExchangeRight. Its only public filing is a Form D exempt-offering notice dated April 9, 2026.1 No property, tenant, or lease appears in that record.1 The Trust sits in ExchangeRight's REIT Fast-Track line, built for a possible 721 exit into the Essential Income REIT.

REIT Fast-Track series: 721 exit to Essential Income REIT; 506(b), no public property data; no closure PR as of 2026-07

Show sources (4)Hide sources (4)

These links support the public record as a whole; individual details may come from different sources.

Location not on recordThe SEC filings for this offering do not give a property address. The filing history below is the current public record.

On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.

Chapter 2

What exactly is the property?

No real estate is identified in the public record for this Trust. The Form D carries no address, property schedule, or tenant list; that notice form does not require them, and those details sit in the private placement memorandum (PPM), the offering's private disclosure document.1 Top1031's directory data classifies the offering as net lease within ExchangeRight's Essential Income series, a classification that names no particular property.2

Chapter 3

How are sales going?

These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Apr 9, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.

Raise history appears here once sales are filed — free account required.

Chapter 5

What does the paperwork say?

Nothing has been filed to amend or supplement the initial notice. Rule 506(b) means interests may be offered privately to accredited investors — those meeting SEC income or net-worth tests — without general advertising or public solicitation, and the Form D reports the raise as coming from accredited investors.1

  1. Form D filedFirst and latest filing on record.
Filings on record
1
How it may be offered
Rule 506(b)Not advertised publicly. Offered through existing relationships.
Source filing
Read the filings on SEC EDGAR

A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.

Chapter 6

Common questions

Is ExchangeRight Essential Income 10 DST still raising money?

Top1031 lists ExchangeRight Essential Income 10 DST as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

Where does Top1031 get the data for ExchangeRight Essential Income 10 DST?

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

Why does this profile not name a building?

Because no public source does. The only filing on record is the April 9, 2026 Form D, a short notice of an exempt offering that does not require property addresses, tenants, or lease terms. Research through the August 15, 2026 run found no sponsor release or filing attachment naming this Trust's property. The private placement memorandum is where those facts appear.

What does the 721/UPREIT exit mean here?

The Trust is structured so its real estate may later be contributed to ExchangeRight's Essential Income REIT in a Section 721 exchange, converting investors' trust interests into REIT units on a tax-deferred basis. That turns direct property ownership into a REIT holding, which generally cannot be used for a future 1031 exchange. It is a possible path, not a completed transaction.

Who can invest in a Rule 506(b) offering?

In practice, only accredited investors — people meeting SEC income or net-worth thresholds — and the sponsor cannot advertise the offering publicly. Investors typically reach 506(b) DSTs through a broker-dealer or registered representative with a pre-existing relationship, not through a website listing.

How does this Trust relate to the other Essential Income DSTs?

It is one entity in ExchangeRight's REIT Fast-Track line, which the sponsor has issued as a numbered series. Earlier entries have closed: ExchangeRight announced Essential Income 6 DST fully subscribed on May 19, 2026, and Essential Income 7 DST fully subscribed at $38.95 million on July 1, 2026. Each Trust holds its own real estate, so prior series' terms should not be assumed here.

Has the Trust reported any outcome?

No. It filed its Form D on April 9, 2026, no amendment has followed, and no sponsor release naming Essential Income 10 DST had appeared as of the August 15, 2026 research run. There is no closure announcement, sale, refinancing, or 721 contribution on record for this entity.

Is the Trust leveraged?

The public record does not say. A Form D reports offering size and exemption details, not mortgage debt, so the presence of a loan, its lender, rate, and maturity would only appear in the private placement memorandum and the loan documents.