PASADENA, Calif.--(BUSINESS WIRE)--Jul 15, 2026--
ExchangeRight, one of the nation's leading providers of diversified 1031 DST and REIT investments, has announced the full subscription of Net-Leased Portfolio 73 DST. The $90.67 million portfolio, backed by primarily investment-grade tenants operating in necessity-based industries, provides investors with monthly distributions at a current rate of 5.00% covered by in-place lease revenue from the offering. Net-Leased Portfolio 73 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/20260715212963/en/
The offering consists of 11 long-term net-leased properties with a weighted-average lease term of 13.8 years at inception, spanning ten markets across Colorado, Idaho, Kentucky, Wisconsin, New Jersey, and New York. The portfolio includes $39.75 million in non-recourse debt at a 43.84% loan-to-value. The properties in this portfolio are tenanted by historically recession-resilient national companies including Tractor Supply Company, Hobby Lobby, Dollar General Market, BioLife Plasma Services, and Dollar General.
As part of ExchangeRight’s aggregation strategy, Net-Leased Portfolio 73 is designed to be compatible with a potential future acquisition of its properties by the Essential Income REIT. The offering is structured to provide investors with strategic exit options, including the opportunity to complete a tax-deferred 721 exchange into the Essential Income REIT, a 1031 exchange, a cash-out, or a combination of these options. There is no guarantee that Net-Leased Portfolio 73 DST's or the Sponsor's objectives, including its exit strategies, will be achieved.
“Our latest Net-Leased Portfolio reflects our commitment to safeguarding investor capital while delivering stable, tax-advantaged income,” said Joshua Ungerecht, managing partner at ExchangeRight. “Net-Leased Portfolio 73 is carefully composed to withstand market volatility by targeting investment-grade, necessity-based tenants with long-term net leases, benefitting our investors with multiple layers of risk mitigation.” 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 $7.5 billion in assets under management that are diversified across over 1,400 properties and 30 million square feet throughout 47 states, as of June 30, 2026. ExchangeRight pursues its passion to empower people to be secure, free, and generous by providing REIT, fund, 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 industrial, necessity retail, and healthcare industries. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.
Net-Leased Portfolio 73 DST consists of 11 long-term net-leased properties with a weighted-average lease term of 13.8 years at inception, tenanted by historically recession-resilient national companies including Tractor Supply Company, Hobby Lobby, Dollar General Market, BioLife Plasma Services, and Dollar General.
WASHINGTON (AP) — Acting Attorney General Todd Blanche defended the Justice Department's handling of the release of the Jeffrey Epstein files, telling his confirmation hearing Wednesday that though “mistakes were made,” the disclosure of the documents was an exercise in unprecedented transparency.
“I want to make sure that the American people know that this administration, when it comes to Jeffrey Epstein, has been more transparent than any administration,” Blanche said as he confronted questions about his brief but turbulent tenure atop the Justice Department. The Senate hearing will test Trump's grip on Republican lawmakers whose support the nominee will need for the job.
Trump's former personal attorney, Blanche has run the department on an interim basis since April, during which time he has accelerated investigations into Trump foes, functioned as the public face of a maligned fund meant to compensate the Republican president’s allies and alarmed press freedom advocates with an aggressive pursuit of news media leaks.
Those actions will receive fresh scrutiny at the Senate Judiciary Committee hearing as Blanche testifies for the opportunity to serve out the duration of Trump's term. The stakes are high given the upheaval inside the department, where mass firings and resignations have hollowed out the workforce. More than 1,200 department alumni have come out against his nomination.
Sen. Dick Durbin, the committee’s top Democrat, told Blanche: “In less than 18 months at the Department of Justice, you’ve shown you’re still President Trump’s personal attorney. Your tenure can be summed up in the four words you said — ‘I love you, sir’ — to President Trump.” That was a reference to remarks Blanche made at an April news conference.
Blanche, for his part, insisted that he has presided over a course correction at the department following years of investigations into Trump during the Biden administration.
“In recent years, we watched the Justice Department turned against many of you and a former president, and it damaged the public's faith in justice,” Blanche argued. “We are fixing that.”
Blanche, who is expected to be uniformly voted down by Democrats on the committee, must win the support of all Republicans on the panel for his nomination to advance.
A particular focus is on Republican Sen. John Cornyn of Texas, who in May lost his primary and has said he won't decide on Blanche's nomination until after the hearing, and Sen. Thom Tillis, a North Carolina Republican who has opted not to seek reelection. Tillis has been an outspoken critic of a $1.776 billion fund that the Trump administration created to compensate people who feel unjustly persecuted by the criminal justice system and then quickly withdrew.
Tillis has said he will not support for attorney general anyone who equivocates on the events of Jan 6, 2021, when pro-Trump rioters stormed the U.S. Capitol in a bid to halt the congressional certification of Trump's election loss to Democrat Joe Biden. The senator, however, recently said he doesn’t have any concerns about Blanche’s record regarding the events of that day.
With the death of South Carolina Republican Sen. Lindsey Graham, who was a member of the Senate Judiciary Committee, there are 11 Republicans and 10 Democrats on the panel. If even one Republican on the committee votes against Blanche, it could scuttle his nomination.
The $1.776 billion fund, called the Anti-Weaponization Fund, created a particularly rocky moment for Blanche. He initially defended it during congressional appearances only to reveal later that it was being scrapped — even while resisting calls to give those reassurances in writing. The turnabout followed fierce bipartisan backlash that came to a head during a tense closed-door meeting he had with lawmakers.
The fund arose out of a settlement of Trump's $10 billion lawsuit against the Internal Revenue Service over his leaked tax returns. The Florida judge overseeing that case issued a scathing ruling that said Trump and his lawyers had manipulated the court system in bringing the lawsuit in the first place. The judge, Kathleen Williams, said Monday she was troubled by Blanche's involvement in the settlement given that he previously represented Trump.
“He’s got a few more questions to get through, after the judge’s decision today,” Cornyn told reporters Monday.
Blanche will also face questioning over a separate element of the settlement that afforded Trump and members of his family protection from tax audits and that, he has said, remains on track despite outrage over it from even Republicans.
Other testimony is likely to focus on Blanche's handling of the Jeffrey Epstein files, especially after his predecessor Pam Bondi told lawmakers behind closed doors after her ouster as attorney general that Blanche was the department’s point person on the release of documents from the sex trafficking case into the late financier.
The staggered release, mandated by an act of Congress, was beset by problems, including redaction errors that left exposed nude photos showing the faces of potential victims. Some names, email addresses and other identifying information were either unredacted or not fully obscured. About 1 percent of the records had redactions that needed to be fixed, he said.
A former federal prosecutor and key member of Trump's defense team as the Republican battled four indictments between his first and second terms, Blanche arrived at the Justice Department last year as deputy attorney general. He then ascended to the top job after Trump ousted Bondi, who had frustrated the White House by struggling to bring successful cases against Trump's political opponents.
Blanche has tried to satisfy the president in that regard. He has appointed a new prosecutor to spearhead a Florida-based investigation centered on former government officials Trump dislikes. The Justice Department under Blanche's watch also secured an indictment of ex-FBI Director James Comey, another adversary of Trump, on charges of threatening the 47th president by posting a social media photograph of seashells in the numerical arrangement of “86 47.” Comey has said he assumed the numbers reflected a political message, not a call to violence.
Blanche has denied accusations that he has been weaponizing the department. But he has also insisted that he sees no problem with the president’s interest in Justice Department matters and that he feels no pressure to placate him.
“We have thousands of ongoing investigations and prosecutions going on in this country right now,” Blanche told a press conference in May. “And it is true that some of them involve men, women and entities that the president in the past has had issues with and believes should be investigated. That is his right, and indeed it is his duty to do that.”
Blanche has also presided over an aggressive enforcement of news media leaks, with prosecutors most recently issuing subpoenas demanding that a group of New York Times journalists testify before a federal grand jury after they reported on security concerns involving the new Qatari-gifted Air Force One. The Times' executive editor, Joseph Kahn, criticized the subpoenas, praised his journalists’ work and said: “We expect to prevail."
Acting Attorney General Todd Blanche appears before the Senate Judiciary Committee on Capitol Hill in Washington, Wednesday, July 15, 2026. (AP Photo/Mark Schiefelbein)
Acting Attorney General Todd Blanche appears before the Senate Judiciary Committee on Capitol Hill in Washington, Wednesday, July 15, 2026. (AP Photo/Mark Schiefelbein)
Acting Attorney General Todd Blanche appears before the Senate Judiciary Committee on Capitol Hill in Washington, Wednesday, July 15, 2026. (AP Photo/Mark Schiefelbein)
Acting Attorney General Todd Blanche appears before the Senate Judiciary Committee on Capitol Hill in Washington, Wednesday, July 15, 2026. (AP Photo/Mark Schiefelbein)
Acting Attorney General Todd Blanche appears before the Senate Judiciary Committee on Capitol Hill in Washington, Wednesday, July 15, 2026. (AP Photo/Mark Schiefelbein)
