# Net-Leased Portfolio 7

Source: https://baker1031.com/data/full-cycle/investments/75e4281e8da67e80

Compiled: 2026-11-03. Source workbook: full_cycle_sponsor_summary_reviewed.xlsx; SHA-256: 57b6a4f1684fe8705993e9ddbe73bdadc275be6df22e56a12153298457264a8e. This date describes the compilation, not the currency of every underlying record.

## Data limitations and educational use

This data was collected from sponsor materials and manually entered into a data file for analysis. Transcription, calculation or classification errors may exist. The compilation has not been independently audited or verified for correctness, completeness or currency. Consult the current private placement memorandum (PPM), its supplements and sponsor reports for complete, up-to-date track-record information.

Displayed metrics use the higher endpoint of each reported range, including averages and medians of those values. Selecting higher return or multiple endpoints presents the more favorable source case. These figures do not establish typical or expected performance. Original ranges remain in the underlying data and source materials.

Some source data is dated, estimated or based on valuations rather than cash exits. Sponsors may use different periods, fees, return definitions and calculation methods, making direct comparisons unreliable or impossible. Available histories may be incomplete or selected, and exclusions and missing values affect each metric’s sample. Averages are not pooled investor returns or a ranking of sponsors.

For educational purposes only. This data is not investment, tax or legal advice, a recommendation, or an offer to buy or sell securities. Past performance does not guarantee or predict future results. Real estate securities are speculative and illiquid; distributions are not guaranteed and investors may lose their entire investment.

## Data coverage

<a id="data-coverage"></a>

| Measure | Value |
| --- | --- |
| Investment histories | 837 |
| Sponsors covered (25 with histories) | 39 |
| Annual-return observations | 737 |

<a id="investment-record"></a>

| Investment | Sponsor | Property type | Location | Start | End | Hold years | Annual return | Multiple | IRR | Outcome |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [Net-Leased Portfolio 7](https://baker1031.com/data/full-cycle/investments/75e4281e8da67e80.md) [41](#note-41) [44](#note-44) | ExchangeRight | Net lease retail | Unavailable | 2014-09-24 | 2022-02-09 | 7.38 | 10.57% | 1.76x | Unavailable | Break-even or better |

<a id="reported-figures"></a>

| Metric | Source / calculated value | Sponsor comparison |
| --- | --- | --- |
| Annual return | 10.57% | Included |
| Hold period (years) | 7.38 | Included |
| Equity multiple | 1.76x | Included |
| Outcome | Break-even or better | Included |

<a id="investment-facts"></a>

| Field | Value |
| --- | --- |
| Annual-return method | Reported AAR |
| Reported IRR, kept separate | Unavailable |
| Source start date | 2014-09-24 |
| Source end date | 2022-02-09 |
| Offering structure | DST property program |

## Source and calculation notes

Return basis: Reported AAR; valuation exit. Annual method: Reported AAR.

Source-reported annual return. Original definition, fee basis and valuation treatment are retained; no IRR or equity multiple is inferred from this rate.

Hold method: Existing reviewed hold; Calendar days between disclosed dates /365.25.

Outcome basis: Unrounded reported/supported equity multiple compared with 1.00x; source valuation/capital basis applies.

Source: ExchangeRight - Net-Leased All-Cash 22 DST - PPM.pdf, PDF viewer pages 70. Additional source: ExchangeRight Real Estate Track Record (1).pdf, PDF viewer pages 4.

Definition: Actual Annualized Return as reported, ranges vary by investor choices; formula/fee scope not specified here. Investment Multiple reported; no midpoint or IRR inferred.

Original notes: Source blanket footnote says certain DSTs transitioned to REIT OP units and will update full-cycle dispositions after liquidity; individual affected portfolios not identified. Return/multiple ranges retained.

Structure: DST property program. Unconfirmed: false. Estimated: false. Valuation/in-kind exit: true.

<a id="additional-source-metrics"></a>

| Additional source metric | Value | Units |
| --- | --- | --- |
| Actual annualized return low | 0.0781 | decimal rate |
| Actual annualized return high | 0.1057 | decimal rate |
| Investment multiple low | 1.57 | multiple |
| Investment multiple high | 1.76 | multiple |
| Target annualized return (source text) | 7.79% | Source text |

## Footnotes

<a id="note-41"></a>

### 41. Source-reported annual return

The annual return is reported by the source. Source AAR definitions, fees and periods can differ, so direct comparison may be unreliable. Consult the investment’s source definition and current PPM.

<a id="note-44"></a>

### 44. Valuation or in-kind exit

The source uses a valuation, NAV or in-kind consideration, including some 721 outcomes. The reported result and nominal break-even indication do not establish final cash realization.

## Proprietary compilation and use

Baker 1031 Investments, LLC’s selection, organization, annotations and presentation form a proprietary compilation. Underlying sponsor materials and third-party content remain subject to their respective owners’ rights. No open-data or redistribution license is granted. Contact Baker 1031 for permission to reproduce the compilation.

Methods: https://baker1031.com/data/full-cycle/methodology.md

Securities offered through Aurora Securities, Inc., member FINRA/SIPC. Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. Contact: hello@baker1031.com.