ExchangeRight All-Cash DST is a real estate fund based in Pasadena, California. According to its most recent Form D, filed Jul 24, 2025, it has sold $6,310,000 of interests to 24 investors since its first sale in Sep 2023. The minimum investment it accepts from an outside investor is $100,000. The offering uses Rule 506(b), which does not permit general solicitation. Based on its first sale date and the amount raised, AltMountain classifies it as an emerging manager. Related persons named in the filing include David Fisher; Warren Thomas; Joshua Ungerecht.
- Total raised
- $6,310,000Cumulative sales reported on Form D
- Investors
- 24
- First sale
- Sep 18, 2023
- Minimum investment
- $100,000
- Who can invest
- Not stated
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- David Fisher; Warren Thomas; Joshua Ungerecht
- Latest Form D
- Jul 24, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Raise history
| Filed | Filing | Total raised | Investors | Source |
|---|---|---|---|---|
| Jul 24, 2025 | Amendment | $6,310,000 | 24 | SEC.gov ↗ |
| Sep 14, 2023 | First notice | $0 | 0 | SEC.gov ↗ |
2 Form D filings in the SEC's electronic records (2008 onward), the earliest on Sep 14, 2023. Each filing reports the cumulative amount sold and the number of investors to that date, as the fund filed it. Not verified, and not the fund's current assets. Source: U.S. Securities and Exchange Commission, Form D data sets.
Questions about ExchangeRight All-Cash DST
What is the minimum investment for ExchangeRight All-Cash DST?
According to its latest Form D, filed Jul 24, 2025, the minimum investment ExchangeRight All-Cash DST accepts from an outside investor is $100,000.
Who can invest in ExchangeRight All-Cash DST?
ExchangeRight All-Cash DST is generally open only to investors who meet the eligibility rules in its offering documents. It uses Rule 506(b), which does not allow general advertising.
How much has ExchangeRight All-Cash DST raised?
ExchangeRight All-Cash DST reports $6,310,000 sold from 24 investors on its Form D filed Jul 24, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is ExchangeRight All-Cash DST based?
ExchangeRight All-Cash DST is based in Pasadena, California.
When did ExchangeRight All-Cash DST launch?
ExchangeRight All-Cash DST reports its first sale in Sep 2023, which makes it an emerging manager by AltMountain's definition (first sale in 2021 or later and under $50 million raised).
Size compared with every real estate fund
Raised more than 75% of the 1,092 real estate funds based in California, and more than 70% of all 7,351 that report sales.
Other funds with the same team
- ExchangeRight Net-Leased Portfolio 63 DST$75.1M
- ExchangeRight Net-Leased Portfolio 56 DST$72.8M
- ExchangeRight Net-Leased Portfolio 66 DST$63.8M
- ExchangeRight Net-Leased Portfolio 61 DST$62.5M
- ExchangeRight Net-Leased Portfolio 59 DST$62.3M
- ExchangeRight Net-Leased Portfolio 62 DST$61.6M
- ExchangeRight Net-Leased Portfolio 64 DST$53.3M
- ExchangeRight Net-Leased Portfolio 60 DST$51.2M