The mid-June transaction more than doubled the proceeds from the REIT’s previous Class ER-A sale just over two weeks earlier.

June 17, 2026

ExchangeRight Income Fund, operating as ExchangeRight Essential Income REIT, sold 78,445 Class ER-A Common Shares on June 15, 2026, generating approximately $2.3 million in gross proceeds. The shares were priced based on per-share value as of each respective issuance date, and the proceeds figure is inclusive of selling commissions.

A Sharp Step Up in Activity

The company paid aggregate selling commissions of $149,500 in connection with the transaction. The sale represents a marked acceleration in Class ER-A activity, more than doubling both the share count and the proceeds from the company’s late-May sale of 34,106 Class ER-A shares for $1 million, which carried $65,000 in commissions.

Ongoing Private Placement

The sale was conducted under the Pasadena, California-based REIT’s continuous private placement offering of up to $2.165 billion in common shares of beneficial interest. The offering encompasses eight share classes — Class I, Class A, Class S, Class D, and their corresponding ER-designated counterparts — and relies on exemptions from federal securities registration under Section 4(a)(2) of the Securities Act of 1933 and Rule 506(c) of Regulation D.

Sustained Capital Momentum

The transaction adds to a sustained run of capital-raising activity at the REIT. The company recently reported that total capital raised through the offering had surpassed $531 million as of April 30, 2026, building on earlier Class D share sales reported in early April and early March.

ExchangeRight continues to classify itself as an emerging growth company and does not have any securities listed on a public exchange.

Risk Factors

As with prior disclosures, the company outlined a range of risk factors that could affect future performance. These include real estate–specific risks such as tenant defaults, asset illiquidity, environmental liability, and natural disaster exposure, alongside broader economic concerns including inflation, interest rate fluctuations, and credit market volatility. The company also flagged risks tied to maintaining its REIT tax qualification, its limited operating history under the REIT structure, cybersecurity vulnerabilities, and the potential dilutive impact of future share issuances.