PASADENA, Calif.--(BUSINESS WIRE)--Jun 9, 2026--
ExchangeRight, one of the nation’s leading providers of diversified REIT and DST investments, has announced the full subscription of Net-Leased Portfolio 72 DST. The $58.6 million portfolio, backed by primarily investment-grade companies operating in necessity-based industries, provides investors with monthly distributions at a current rate of 5.00% covered by in-place revenues from the offering. Net-Leased Portfolio 72 DST is a closed offering and is not accepting new investors.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260609390152/en/
The offering consists of 15 long-term net-leased properties with an initial weighted-average lease term of 14.9 years. The portfolio’s properties span 14 markets across seven states and 240,137 square feet of retail and healthcare space tenanted by historically recession-resilient companies including Dollar General Market, Tractor Supply Company, Sutter Health, Dollar Tree, AutoZone, and Wild Fork Foods. The portfolio includes $25.9 million in non-recourse debt at a 44.19% loan-to-value.
Net-Leased Portfolio 72 is structured to provide investors with strategic exit options, including the opportunity to participate in a tax-deferred 721 exchange into the Essential Income REIT, a 1031 exchange, cash out, or a combination of these options. There is no guarantee that the DST's or the Sponsor’s objectives, including its exit strategies, will be achieved.
“Our Net-Leased Portfolio offerings are designed to protect investors’ wealth and support them with passive cash flow distributions throughout economic cycles,” said Joshua Ungerecht, managing partner at ExchangeRight. “Net-Leased Portfolio 72 is structured to achieve secure capital and stable income on behalf of investors through its strategic diversification by tenant, industry, market, lease term, and debt term, while remaining concentrated within the historically recession-resilient asset class of net-leased necessity-based real estate.”
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 May 31, 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.
Net-Leased Portfolio 72's portfolio of net-leased properties spans 14 markets across seven states and 240,137 square feet of retail and healthcare space tenanted by historically recession-resilient companies including Dollar General Market, Tractor Supply Company, Sutter Health, Dollar Tree, AutoZone, and Wild Fork Foods.
WASHINGTON (AP) — House Republicans will look to get nearly $70 billion for immigration enforcement over the finish line Tuesday, enough to fund a pair of Homeland Security agencies through the next three years and the rest of President Donald Trump's time in office.
Speaker Mike Johnson will need near perfect attendance and unity on his side to complete weeks of action on the bill. The legislation got sidetracked when Republicans sought to include $1 billion for enhanced security on the White House grounds, including for Trump's new ballroom, and the Trump administration tried to create a nearly $1.8 billion fund to compensate allies of the president who claim they have been unjustly investigated and prosecuted. Those proposals proved politically toxic and were scrapped.
Now, the bill is focused entirely on immigration enforcement, a topic that Republicans have treated as a defining issue between the two major political parties and one they hope will carry them to victory in this year's midterm elections. The bill provides $38 billion for Immigration and Customs Enforcement, $26 billion for the Border Patrol and another $5 billion to cover unforeseen costs, fueling Trump's deportation agenda.
“It's long overdue,” said Johnson, R-La., of the bill. “We have to fund border security and immigration enforcement, and it's sad that Republicans have to do it on our own.”
The funding comes on top of the nearly $140 billion that the Republican-controlled Congress gave ICE and Customs and Border Protection last year as part of Trump's tax and spending cuts bill.
Democrats objected to giving the agencies more money without significant changes in the way they operate after the deaths of Alex Pretti and Renee Good in Minneapolis. For example, Democrats insisted that agents be required to display their ID badges during enforcement operations and that they get a judicial warrant before entering private property. Instead, the funding will come with virtually no strings attached.
House Democratic Leader Hakeem Jeffries vowed his party would oppose the package.
“We believe that taxpayer dollars should be used to make life more affordable for the American people – not give ICE another $70 billion blank check so that they can unleash brutality on American citizens and violently target law-abiding immigrant communities,” said Jeffries of New York.
The package is the result of a monthslong standoff in Congress after Democrats refused to fund the Department of Homeland Security in the wake of the immigration enforcement actions in Minneapolis and other American cities, leading to the longest shutdown in agency history.
Negotiations had been underway with the White House to alter ICE operations as Democrats were demanding. When those negotiations failed, Republicans turned to a complicated procedural maneuver to get around the filibuster and pass the immigration funding with no Democratic votes.
If approved, the package would next go to Trump for his signature, all but assuring an essentially uninterrupted flow of funds for his immigration enforcement and deportation agenda into 2029.
The Senate completed its work on the legislation last week during an all-night session that extended into the early morning hours Friday. The final 52-47 vote on the bill was nearly party line, with Sen. Lisa Murkowski of Alaska the only Republican to oppose it.
The money will come at a pivotal time for the Department of Homeland Security, which is under new leadership after Trump replaced Kristi Noem with new Secretary Markwayne Mullin in March.
While Mullin has vowed to keep the department out of the headlines, the administration is under pressure from anti-immigration advocates to deliver on Trump’s campaign promise of the largest deportation operation in American history.
So far, the administration has not hit its goal of 1 million deportations a year, but Trump’s border czar, Tom Homan, has promised more to come, including hinting at immigration enforcement actions in New York, the nation's biggest city, which is heavily Democratic.
At the same time, the administration is making it more difficult for legal immigrants to remain in the U.S. by working to end Temporary Protective Status, changing the processes for obtaining green cards and leaving some Dreamers — the young people who were brought illegally to the U.S. as children — reporting delays in renewing their status, which allows them to stay and work.
On the House side, Johnson has little margin for error. Republicans can afford to lose only a couple of votes if every lawmaker is present. GOP leadership opted to avoid any hiccups and sent lawmakers home last week rather than take up the bill early Friday once the Senate had completed its all-nighter.
The bill is just a slim package, without the hundreds of pages of details and directives that typically come from Congress when it provides funding for agencies.
Leading up to the vote, Democrats portrayed DHS as an agency that has used its new resources to buy private jets for its leadership, warehouse immigrants in deplorable conditions and attack U.S. citizens.
“To give these rogue agencies another $70 billion now when they still have $100 billion in the bank from last year would implicate all of us in the escalating corruption and shameful actions of this department," said Rep. Jamie Raskin of Maryland, the ranking Democratic member on the House Judiciary Committee.
Republicans countered that they were fulfilling their duty to safeguard the nation and support the men and women charged with enforcing the law.
“Democrats can say whatever they want, but what it’s about is public safety. What’s it about is keeping Americans safe,” said Rep. Michelle Fischbach, R-Minn.
Homeland Security Secretary Markwayne Mullin, lower left, testifies before the House Committee on Homeland Security during a hearing on the Fiscal 2027 budget request for the Department of Homeland Security, in Washington, Wednesday, June 3, 2026. (AP Photo/Cliff Owen)
Homeland Security Secretary Markwayne Mullin testifies before the House Committee on Homeland Security during a hearing on the Fiscal 2027 budget request for the Department of Homeland Security, in Washington, Wednesday, June 3, 2026. (AP Photo/Cliff Owen)
The U.S. Capitol is seen behind a light pole, on Capitol Hill in Washington, Wednesday, June 3, 2026. (AP Photo/Cliff Owen)
FILE - The seal of U.S. Department of Homeland Security is seen before a news conference at ICE Headquarters in Washington, May 21, 2025. (AP Photo/Jose Luis Magana, File)
FILE - Department of Homeland Security, Transportation Security Administration, Federal Air Marshals, patrol around Washington Dulles International Airport, in Chantilly, Va., Tuesday, March 24, 2026. (AP Photo/Manuel Balce,File)
