The nontraded REIT raised $418,000 in its latest round of share sales as its $2.165 billion private offering continues.

April 14, 2026

ExchangeRight Income Fund, operating as ExchangeRight Essential Income REIT, sold 15,229 Class D Common Shares between April 1 and April 8, 2026, generating approximately $418,000 in gross proceeds. The shares were priced based on per-share value as of each respective issuance date.

Ongoing Private Placement

The sale was conducted under the Pasadena, California-based REIT’s ongoing private placement offering of up to $2.165 billion in common shares of beneficial interest. The offering spans 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.

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

Continued Momentum

The latest transaction represents a slight uptick from earlier activity. In early March, the company reported selling 14,749 Class D Common Shares for $405,000 in gross proceeds. The April sales reflect both a higher share count and modestly greater proceeds, suggesting sustained investor demand for the offering.

Risk Factors

As with prior disclosures, the company highlighted a range of risk factors that could affect future performance. These include standard real estate risks such as tenant defaults, illiquidity, environmental liability, and natural disaster exposure, as well as broader economic challenges including inflation, interest rate fluctuations, and credit market volatility. The company also noted 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.