PASADENA, Calif.--(BUSINESS WIRE)--Jun 18, 2026--
ExchangeRight, one of the nation's leading providers of diversified REIT and DST investments, has announced the full subscription of Net-Leased All-Cash 18 DST. The $52.78 million debt-free offering is designed to provide 1031 exchange and cash investors stable monthly distributions at a current annualized rate of 5.15% that is covered entirely by in-place lease revenue. Net-Leased All-Cash 18 DST is a closed offering and is not accepting new investors.
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The unleveraged offering features a diversified portfolio of net-leased real estate backed by historically recession-resilient tenants in necessity-based industries, including six properties leased to BioLife Plasma Services and Tractor Supply Company, with an initial weighted-average lease term of 12.0 years. The properties total 110,430 square feet and are located across five states: Florida, Texas, Alabama, Michigan, and Georgia. Net-Leased All-Cash 18 DST is backed by a 20-year master lease guaranteed by the Essential Income REIT’s Operating Partnership.
At exit, the offering is structured to provide investors with a tax-deferred cash-out financing option, along with the potential to complete a 1031 exchange, a 721 exchange into the Essential Income REIT, cash out, or any combination of these options at exit. Pending successful future financing, the company intends to offer investors a tax-deferred lump sum payment of 20%+ of their initial investment through a cash-out financing, together with a tax-deferred 721 exchange of the approximately 80% non-financed equity into the Essential Income REIT. There is no guarantee that the DST's objectives, including its exit strategies, will be achieved.
Warren Thomas, managing partner at ExchangeRight, attributed the offering's full subscription to sustained investor demand for unleveraged portfolios of net-leased real estate that is rigorously selected to preserve capital and provide stable income.
"Net-Leased All-Cash 18 DST was structured for 1031 exchange investors who continue to want debt-free access to diversified portfolios of recession-resilient, necessity-based real estate that can provide greater return stability," said Thomas. “We are grateful to the advisors and investors who choose ExchangeRight Real Estate as the DST Sponsor to help complete their 1031 exchanges and steward their wealth.” The past performance of ExchangeRight and its previous 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 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 All-Cash 18 DST features a diversified portfolio of net-leased real estate backed by historically recession-resilient tenants in necessity-based industries, including six properties leased to BioLife Plasma Services and Tractor Supply Company.
NEW YORK (AP) — Baseball owners proposed banning high school players from signing with major league teams, raising the age for international amateurs and slashing the money spent on signing bonuses in negotiations Thursday for a new collective bargaining agreement.
The amateur draft for players residing in the U.S., Canada and Puerto Rico would be cut from 20 rounds to 12 beginning in 2027 under the proposal Major League Baseball made during a bargaining session with the players' association. An identical 12-round draft would be started for international prospects, a proposal the union has rejected in the past.
Starting in 2028, a prospect for the amateur draft would have to be at least 20 years old by the Sept. 1 of his signing year and two years removed from the graduating year of his high school class — a restriction that also would eliminate players who completed their first year of junior college.
The amateur draft started in 1965, high schoolers have been eligible along with college players who are in or have just finished their junior years.
Raising signing ages would likely lead to players being older when they become eligible for free agency, which currently requires six years of major league service.
MLB cited increased revenue in college baseball as reasoning. In addition, MLB said 75% of high schoolers signed from 2012-19 did not reach the major leagues.
“Expanded scholarships, NIL opportunities, revenue sharing and significant investments in facilities and player development have made college baseball an increasingly important pathway that is producing major league-ready talent at an accelerated rate," MLB said in a statement. “By creating a draft system centered around college-aged players and making most college players eligible one year earlier, more players will benefit from both a college education and an elite development environment while reaching professional baseball — and ultimately the major leagues — more quickly.”
The players' association claimed the plan would decrease compensation by $1 billion over five years, including $400 million from this year to 2027.
“MLB made another set of proposals that are flat-out bad for baseball, ones that would cripple the next generation of players and damage the future of our game,” the union said in a statement.
MLB said it will not seek to reduce the 120 minor league teams in the top four levels when it negotiates new professional development licenses in 2030 to replace expiring 10-year deals. It would cap bonuses for undrafted players at $10,000 — Middle Tennessee two-way player Trace Phillips was bypassed in the draft last July and signed with Tampa Bay for $629,200.
For international amateurs, the age to sign would be raised to 18 on the Sept. 1 of their signing year, up from 17.
“The game's greatest stars are precocious talents. We always want to have a great window for them,” said Scott Boras, baseball's most high-profile agent. “International markets recognize this, as well. When you bar a labor force from opportunity in America, it is not an American concept.”
Each separate draft would have $200 million in signing pools in 2027. There would be hard caps for each draft.
Teams would be able to trade draft picks but a club couldn't trade its first-round pick in consecutive drafts. A team couldn't acquire more than three additional selections among the first three rounds.
Spending on signing bonuses for players eligible for the 2025 amateur draft have totaled $401.81 million and signing bonus pools for 2026 increased by 2.5%.
Each team would have the same amount to spend under the proposal rather than the current system which gives higher pools to teams with poorer records in the previous year. Pittsburgh is at just over $19 million this year and the World Series champion Los Angeles Dodgers at slightly under $4 million. Teams currently can go over their pools and often do as much as 5%.
Teams have spent $196.38 million on signing bonuses for international amateurs in 2026. The current signing period runs from Jan. 15 to Dec. 15 each year, but the initial international draft would be no earlier than September 2027 and no later than March 2028.
MLB proposed eliminating competitive balance round picks that began in 2023 and cutting the draft lottery that started in 2023 from the top six picks to four.
Bargaining began May 13 and the sides exchanged initial proposals two weeks later as management proposed a salary cap for the first time since 1994, which resulted in a 7 1/2-month strike and the first cancellation of the World Series in 90 years,
AP MLB: https://apnews.com/hub/mlb
FILE - Attorney Bruce Meyer, the current interim executive director of the Major League Baseball Players Association, speaks at a news conference in New York on March 11, 2022. (AP Photo/Richard Drew, File)
FILE - Commissioner of Major League Baseball Rob Manfred answers questions during a news conference at the MLB winter meetings, Dec. 8, 2025, in Orlando, Fla. (AP Photo/John Raoux, file)
