PASADENA, Calif.--(BUSINESS WIRE)--May 19, 2026--
ExchangeRight, one of the nation’s leading providers of diversified real estate REIT and DST investments, has announced the full subscription of Essential Income 6 DST amid continued investor demand for accelerated access to the Essential Income REIT. Essential Income 6 DST is a closed offering and is not accepting new investors.
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The fully subscribed offering is part of the company’s Essential Income DST series, designed to provide investors with access to the Essential Income REIT via a tax-deferred Section 721 exchange after a targeted two-year hold period. Essential Income 6 DST is supported by a 20-year master lease guarantee from ExchangeRight’s Essential Income REIT and its Operating Partnership.
The $42.46 million portfolio of net-leased real estate is backed by recession-resilient tenants and provides investors with a current cash flow rate of 5.50%. The portfolio comprises five properties tenanted by CVS Pharmacy, Dollar General, Quest Diagnostics, and Verizon Wireless. The properties total 148,327 square feet of essential retail and healthcare space across five markets in Massachusetts, Oklahoma, Tennessee, and Ohio.
After approximately two years, Essential Income 6 DST is structured to provide investors a tax-deferred exit via 721 exchange into the Essential Income REIT. The Essential Income REIT is currently invested in a diversified portfolio of 397 properties across 37 states with net leases backed by 41 recession-resilient and primarily investment-grade tenants, as of March 31, 2026. There is no guarantee that Essential Income 6 DST will achieve its exit strategy or investment objectives.
“The full subscription of Essential Income 6 DST reflects the continued momentum behind our REIT fast-track DST series, which is designed to provide investors with an accelerated 721-exchange exit into our Essential Income REIT,” said Joshua Ungerecht, a managing partner at ExchangeRight. “Investors and their advisors continue to recognize the value of our 1031 DST platform, which historically has delivered stable, passive income during the DST hold period, and access to the broader diversification, enhanced liquidity, and estate planning advantages of our $1.5+ billion REIT portfolio.” The past performance of ExchangeRight and its offerings does not guarantee future performance.
About ExchangeRight
ExchangeRight and its affiliates’ vertically integrated platform features more than $7.4 billion in assets under management that are diversified across over 1,400 properties and 28 million square feet throughout 47 states, as of April 30, 2026. ExchangeRight pursues its passion to empower people to be secure, free, and generous through its Essential Income REIT and 1031 DST portfolios that target secure capital, stable income, and strategic exits, all of which have historically met or exceeded investor projections since ExchangeRight’s inception. On behalf of investors nationwide, the company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated in the necessity-based retail and healthcare industries. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.
Essential Income 6 DST comprises five properties tenanted by CVS Pharmacy, Dollar General, Quest Diagnostics, and Verizon Wireless.
MADRID (AP) — Hundreds of thousands of people poured into a central Madrid plaza on Sunday for Pope Leo XIV ’s main Mass and a procession highlighting one of the most iconic expressions of Spanish popular piety: flower carpets.
They cheered and shouted “This is the youth of the pope!” as Leo arrived for the Mass, looping around the plaza and surrounding streets in his popemobile to a crowd packed several rows deep behind barricades.
Sunday’s Mass falls on the Catholic Corpus Domini feast day, which often features processions of faithful through towns and cities led by a priest carrying the Eucharist. In Spain as in other predominantly Catholic countries, the processions often feature elaborate floral carpets arranged along the route.
Leo, who arrived in Spain on Saturday at the start of his weeklong visit, has been keen to highlight the long tradition of Catholic devotion here to encourage especially young generations to find their faith.
At a vigil service Saturday night, an estimated 600,000 young Spaniards knelt for several minutes in silent prayer alongside Leo, suggesting that there is indeed interest among young people despite Spain’s heavily secularized society.
“Let me take the opportunity to tell all of you: Don't ever be afraid of thinking about a vocation to the priesthood or religious life, or other services in the church!” Leo told the crowd.
Irati Valda and Javier Hormazal, a young couple, held up a cardboard sign announcing they are going to get married on June 13 and were ushered up close to receive Leo's blessing during the vigil.
“To see so many young people together, it's incredible. Half a million people in silence, this is something you will only live once," Valda said.
The tradition of laying flower carpets — and destroying them when the procession tramples them — dates back two centuries and is popular also in Latin America, where elaborate sand designs are also made. The painstaking displays are considered an offering to the Eucharist.
Poland has already had its tradition of Corpus Domini flower carpets recognized by UNESCO, and Spain's Galicia region is trying to have its tradition listed along with other countries as part of the world’s intangible cultural heritage.
According to Spanish organizers, the 16 flower carpets decorating the half-kilometer (mile) procession route were prepared by a Spanish florists association from Galicia. Florists used more than 30,000 flowers, most the yellow and white colors of the Holy See flag, for the carpets that feature decorations such as the Holy See keys.
Leo arrived in Spain on Saturday and urged its people to put an end to polarization and work for unity. Later Sunday he is to meet privately with members of his Augustinian religious order and address cultural leaders.
AP visual journalist Helena Alves contributed.
Associated Press religion coverage receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content.
Pope Leo XIV arrives in the popemobile at Plaza de Lima in Madrid, Saturday, June 6, 2026, for a prayer vigil with young people on the first day of a seven-day apostolic journey to mainland Spain and the Canary Islands. (AP Photo/Bernat Armangue)
Pope Leo XIV is welcomed by Spain's King Felipe VI and Queen Letizia, as he arrives at the Royal Palace in Madrid, Saturday, June 6, 2026, on the first day of his seven-day apostolic journey to mainland Spain and the Canary Islands. (AP Photo/Alessandra Tarantino)
People wait for the arrival of Pope Leo XIV ahead of a Holy Mass and Corpus Christi procession at Plaza de Cibeles in Madrid, Spain, Sunday, June 7, 2026, on the second day of his seven-day apostolic visit to mainland Spain and the Canary Islands. (AP Photo/Andrea Comas)
People wait for the arrival of Pope Leo XIV ahead of a Holy Mass and Corpus Christi procession at Plaza de Cibeles in Madrid, Spain, Sunday, June 7, 2026, on the second day of his seven-day apostolic visit to mainland Spain and the Canary Islands. (AP Photo/Andrea Comas)
People wait for the arrival of Pope Leo XIV ahead of a Holy Mass and Corpus Christi procession at Plaza de Cibeles in Madrid, Spain, Sunday, June 7, 2026, on the second day of his seven-day apostolic visit to mainland Spain and the Canary Islands. (AP Photo/Manu Fernandez)
