ExchangeRight Net-Leased Portfolio 62 DST
Net lease property in 10 states — sponsored by ExchangeRight
Minimum investment
$100k
Offering size
$61.6M
How much has sold
100.0%
Asset type
Net lease property
Location
10 states
Financing
Leveraged. This offering reports mortgage debt on the property.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
ExchangeRight Net-Leased Portfolio 62 DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional interests in real estate — owning 17 net-leased properties in 17 markets across 10 states, leased to eight tenants including FedEx, Dollar General, Food Lion, and CVS Pharmacy.1 ExchangeRight announced full subscription on September 7, 2023, and the Trust is closed to new investors.1
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
ExchangeRight assembled this Trust as a diversified pool rather than a single building, spreading it across 17 separate markets so that no one location or local economy carries the whole portfolio.1 The real estate runs to necessity-based formats: discount and dollar-store retail, grocery, pharmacy, dialysis clinics, and parcel distribution space.1 Street addresses, acquisition dates, and purchase prices do not appear in the public sources reviewed.
- Reported location
- 10 states
- Property size
- 17 properties; 428,605 square feet
Who is the tenant, and what's the lease?
The sponsor named eight tenants across the portfolio: FedEx, Dollar General, Pick 'n Save, BioLife, Food Lion, Fresenius Medical Care, CVS Pharmacy, and Family Dollar.1 At launch the portfolio carried a 9.7-year weighted-average lease term, meaning the typical lease still had close to a decade to run.1
How did it end?
No ending on record
ExchangeRight's track-record PDF, with statistics as of June 30, 2026, lists NLP 62 under Closed Offerings, while ExchangeRight's September 7, 2023 release documents only full subscription and Top1031 reports no sale or other ending on record, so no trust-specific post-raise outcome is established.
Diversified 17-property, 17-market, 10-state net-lease portfolio totaling 428,605 sq ft with 8 historically recession-resilient tenants; weighted-average lease term of 9.7 years; 44.04% LTV; initial monthly distribution rate of 5.00% annualized.
17 properties; 428,605 square feetSupporting evidence
How is it financed, and what does it pay?
The Trust carries mortgage debt rather than owning its real estate free and clear. ExchangeRight described the loan as non-recourse and interest-only — the lender's remedy in a default is the property itself rather than investors personally, and no principal is paid down during the loan term.1 The lender is not identified in the sources reviewed.
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Who's behind it?
ExchangeRight sponsors diversified net-leased DSTs in a numbered series, and Portfolio 62 is one entry in that line.1 The Trust's Form D names David Fisher, Joshua Ungerecht, and Warren Thomas as its executive officers.2 ExchangeRight announced the full subscription of this offering on September 7, 2023.1 Trade outlets including Connect Money and Connect CRE covered the close the same day.3
- Sponsor
- ExchangeRight
- Legal Trust name
- ExchangeRight Net-Leased Portfolio 62 DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 23 active / 60 total offerings from ExchangeRight
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The amendment on file reported the equity fully sold and gave a first sale date of March 27, 2023.4 ExchangeRight's September 2023 release described the offering as $110.12 million, larger than the equity amount on the Form D, and the public record reviewed does not explain the difference.1
- First Form D filedThe public offering record begins.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 2
- 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.
Common questions
What happened to ExchangeRight Net-Leased Portfolio 62 DST?
Top1031 lists ExchangeRight Net-Leased Portfolio 62 DST as historical. It is no longer raising money.
Where does Top1031 get the data for ExchangeRight Net-Leased Portfolio 62 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.
Can I still invest in ExchangeRight Net-Leased Portfolio 62 DST?
No. ExchangeRight announced on September 7, 2023 that the offering had been fully subscribed, and the amended Form D on file reports the equity as sold out. The Trust is closed to new investors, so it appears here as a historical record rather than an available offering.
What does the Trust actually own?
Seventeen net-leased properties totaling 428,605 square feet, spread across 17 markets in 10 states. ExchangeRight described the mix as necessity-based real estate — discount retail, grocery, pharmacy, dialysis, and parcel distribution. Individual street addresses and a property-by-property tenant map were not found in public sources reviewed as of August 29, 2026.
Who are the tenants?
ExchangeRight named eight: FedEx, Dollar General, Pick 'n Save, BioLife, Food Lion, Fresenius Medical Care, CVS Pharmacy, and Family Dollar. The sponsor reported a 9.7-year weighted-average lease term at launch. Which tenant occupies which of the 17 buildings is not disclosed in the sources reviewed.
How was the offering sold, and who could buy in?
Under Rule 506(b), the private-placement exemption that bars general advertising or public solicitation and, in practice here, limited purchasers to accredited investors — people meeting SEC income or net-worth thresholds. The Form D reported a $100,000 minimum investment.
Has the portfolio been sold or gone full cycle?
No sale, refinance, foreclosure, tenant bankruptcy, or full-cycle disposition for this Trust was established in the exact-entity sources reviewed as of August 29, 2026. No outcome has been reported yet. The most recent SEC filing on record is the Form D amendment dated December 10, 2024.
Why does the sponsor cite $110.12 million when the SEC filing shows a smaller offering?
ExchangeRight's September 7, 2023 release described the fully subscribed offering as $110.12 million, while the Form D reports a smaller equity amount. A Form D reports securities sold, which excludes mortgage debt, but no reviewed source states the reconciliation, so Top1031 does not assert one. Connect Money separately reported the figure as $110.2 million.
Chapter 9ExchangeRight Fully Subscribes $110M Net-Leased Portfolio 62 DSTTrade-press coverage of ExchangeRight's full subscription of the Net-Leased Portfolio 62 DST, a diversified 17-property necessity-based net-leased portfolio. ExchangeRight's $110 Million Offering Designed for Recession-Resilience Achieves Full SubscriptionPress-release wire syndication of ExchangeRight's full-subscription announcement for Net-Leased Portfolio 62 DST, the $110.12 million necessity-based net-leased offering. ExchangeRight Subscribes DST Portfolio with Multiple Exit OptionsTrade-press coverage of ExchangeRight's full subscription of Net-Leased Portfolio 62 DST, the $110.12 million offering totaling 428,605 sq ft with multiple exit options for investors.