ExchangeRight REIT Credit Facility Increases to $135 Million Following Fifth Third Bank’s Increased Commitment

ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced that Fifth Third Bank has increased its commitment to ExchangeRight’s Essential Income REIT’s revolving line of credit by $35 million, raising the REIT’s committed capacity for its Credit Facility from $100 million to $135 million. This closing strategically expands the REIT’s credit access, adding to the previously announced Credit Facility with Wells Fargo for $75 million. This Credit Facility may be increased up to $400 million in total credit, subject to receipt of commitments for the increased amount.

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PASADENA, Calif. — Fifth Third Bank has increased its commitment to ExchangeRight’s Essential Income REIT’s revolving line of credit by $35 million, raising the REIT’s committed capacity for its Credit Facility to $135 million.

Expanding the Essential Income REIT’s Credit Facility with this increased commitment from Fifth Third Bank on behalf of the REIT further enhances ExchangeRight’s control over the REIT’s portfolio composition and financing strategy. In addition to providing increased flexibility for the Essential Income REIT’s ongoing operations, this expansion provides additional capacity for the REIT to eventually take advantage of long-term fixed-rate corporate bonds to optimize the REIT’s financing and further enhance the REIT’s potential Adjusted Funds from Operations (“AFFO”).

“We are grateful for Fifth Third Bank’s expanded partnership and recognition of the Essential Income REIT’s disciplined aggregation strategy, consistent performance, and long-term stability,” said Joshua Ungerecht, a managing partner at ExchangeRight. “This increased credit facility enhances our ability to scale the REIT efficiently, pursue value-accretive acquisitions, and continue growing the REIT’s diversification and value on behalf of investors.” The past performance of the REIT is not a guarantee of future results.

About ExchangeRight’s Essential Income REIT

The Essential Income REIT, a Maryland statutory trust, is a self-administered real estate company, formed on January 11, 2019. The REIT is available to accredited investors only and focuses on investing in single-tenant, primarily investment-grade net-leased real estate. The REIT currently pays an annualized distribution rate on new investments of 6.35% for its Class I shares, 5.97% for its Class A shares, and 6.00% monthly tax-efficient income for its Class ER shares. The REIT has fully covered its dividend with Adjusted Funds From Operations since its inception and through its most recently reported period. The past performance of the REIT is no guarantee of future results. The Company, through its operating partnership, ExchangeRight Income Fund Operating Partnership, LP, owns 364 properties in 34 states (collectively, the “Trust Properties”) as of March 31, 2025. The Trust Properties are occupied by 39 different primarily national investment-grade necessity-based retail tenants and are additionally diversified by industry, geographic region, and lease term. The Company has elected and is qualified to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes. Please visit the REIT’s website to learn more about its Class ER, Class A, and Class I shares. The past performance of the REIT and ExchangeRight does not guarantee future results.

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"This increased credit facility enhances our ability to scale the REIT efficiently, pursue value-accretive acquisitions, and continue growing the REIT’s diversification and value on behalf of investors." - ExchangeRight