ExchangeRight creates NLP Common Units for DST portfolio acquisitions

ExchangeRight Income Fund

Created eight series of NLP Common Units (NLP 20, 23, 24, 25, 26, 27, 47, 49) to facilitate net-leased DST acquisitions.
NLP Common Units have no conversion or redemption rights initially; GP may later grant redemption rights.
Distributions to each series determined solely by GP, may vary by series.
Amended DRIP allows NLP Common Unit holders to reinvest distributions into Class I Common Shares.
No limited partner approval required; amendment effective March 18, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ExchangeRight Income Fund amended Amendment to Classify Common Units with ExchangeRight Income Fund Operating Partnership, LP valued at Created eight series of NLP Common Units for acquisition of net-leased DST portfolios (effective 2026-03-18).

Action: amendment
Agreement: collaboration
Counterparty: ExchangeRight Income Fund Operating Partnership, LP
Value: Created eight series of NLP Common Units for acquisition of net-leased DST portfolios
Effective: 2026-03-18

Exact text from the filing

On March 18, 2026, ExchangeRight Income Fund, a Maryland statutory trust (the “ Company ”), which is the general partner of ExchangeRight Income Fund Operating Partnership, LP, a Delaware limited partnership (the “ Operating Partnership ”), which is the operating partnership of the Company, entered into an amendment to the Amended and Restated Limited Partnership Agreement of the Operating Partnership dated as of April 4, 2022 (as so amended, the “ Partnership Agreement ”), to classify and designate a new class of common units of the Operating Partnership designated as NLP Common Units, to be issued in separate series (each, a “ Series ”), as further described below.

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Source: SEC EDGAR

accession 0001193125-26-116990

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