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ExchangeRight Income Fund Files SEC Registration

ExchangeRight Income Fund, known as ExchangeRight Essential Income REIT, a self-administered real estate company invested in a diversified portfolio of properties with long-term net leases backed primarily by investment-grade tenants, announced that it has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission to register its common shares under Section 12(g) of the Securities Exchange Act of 1934.

ExchangeRight says the Form 10 is not being used to conduct an initial public offering of the company’s common shares and is not being filed to raise any additional capital for the company. In addition, the company is not applying or seeking to list its common shares on any national securities exchange in connection with the filing of the Form 10.

The company says that the Form 10 will become effective automatically upon the date that is 60 days after the filing of the Form 10, or an earlier date as the SEC may direct pursuant to an acceleration request of the effective date filed by the company. Upon the effectiveness of the Form 10, the company will become an SEC reporting company subject to the periodic reporting requirements of the Exchange Act, including the requirements to file annual reports on Form 10-K, quarterly reports on Form 10-Q, and periodic reports on Form 8-K, among other requirements.

“We are excited by the continuing growth of ExchangeRight’s Essential Income REIT, which allows us to serve investors’ needs through capital preservation, stable income and enhanced diversification and value,” said Warren Thomas, a founder and managing partner of ExchangeRight Real Estate LLC, the company’s sponsor. “As we continue to expand and execute upon our aggregation strategy on behalf of the REIT and its investors, we welcome the opportunity to become an SEC reporting company and comply with the SEC’s financial statement and periodic reporting requirements, which are consistent with our current governance and financial reporting practices. By becoming an SEC reporting company, we not only demonstrate our continued commitment to transparency and communication, but also provide a valuable channel for insight into our business for our shareholders.”

ExchangeRight Essential Income REIT, a Maryland statutory trust, is a self-administered real estate company, formed on Jan. 11, 2019, focusing on investing in single-tenant, primarily investment-grade net-leased real estate. The company, through its operating partnership, ExchangeRight Income Fund Operating Partnership LP, owned 336 properties in 34 states as of Dec. 31, 2022.

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