The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM D

Notice of Exempt Offering of Securities
OMB APPROVAL
OMB Number: 3235-0076
Estimated average burden
hours per response: 4.00

1. Issuer's Identity

CIK (Filer ID Number) Previous Names
X None
Entity Type
0001731895
   Corporation
   Limited Partnership
   Limited Liability Company
   General Partnership
X Business Trust
   Other (Specify)

Name of Issuer
ExchangeRight Net Leased Portfolio 20 DST
Jurisdiction of Incorporation/Organization
DELAWARE
Year of Incorporation/Organization
   Over Five Years Ago
X Within Last Five Years (Specify Year) 2018
   Yet to Be Formed

2. Principal Place of Business and Contact Information

Name of Issuer
ExchangeRight Net Leased Portfolio 20 DST
Street Address 1 Street Address 2
1055 E. COLORADO BLVD., SUITE 310
City State/Province/Country ZIP/PostalCode Phone Number of Issuer
PASADENA CALIFORNIA 91101 8553174448

3. Related Persons

Last Name First Name Middle Name
Fisher David
Street Address 1 Street Address 2
1055 E. COLORADO BLVD., SUITE 310
City State/Province/Country ZIP/PostalCode
Pasadena CALIFORNIA 91101
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Ungerecht Joshua
Street Address 1 Street Address 2
1055 E. COLORADO BLVD., SUITE 310
City State/Province/Country ZIP/PostalCode
Pasadena CALIFORNIA 91101
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

Last Name First Name Middle Name
Thomas Warren
Street Address 1 Street Address 2
1055 E. COLORADO BLVD., SUITE 310
City State/Province/Country ZIP/PostalCode
Pasadena CALIFORNIA 91101
Relationship: X Executive Officer    Director    Promoter

Clarification of Response (if Necessary):

4. Industry Group

   Agriculture
Banking & Financial Services
   Commercial Banking
   Insurance
   Investing
   Investment Banking
   Pooled Investment Fund
Is the issuer registered as
an investment company under
the Investment Company
Act of 1940?
   Yes    No
   Other Banking & Financial Services
   Business Services
Energy
   Coal Mining
   Electric Utilities
   Energy Conservation
   Environmental Services
   Oil & Gas
   Other Energy
Health Care
   Biotechnology
   Health Insurance
   Hospitals & Physicians
   Pharmaceuticals
   Other Health Care
   Manufacturing
Real Estate
X Commercial
   Construction
   REITS & Finance
   Residential
   Other Real Estate
  
 Retailing
  
 Restaurants
Technology
   Computers
   Telecommunications
   Other Technology
Travel
   Airlines & Airports
   Lodging & Conventions
   Tourism & Travel Services
   Other Travel
  
 Other

5. Issuer Size

Revenue Range OR Aggregate Net Asset Value Range
   No Revenues    No Aggregate Net Asset Value
   $1 - $1,000,000    $1 - $5,000,000
X $1,000,001 - $5,000,000    $5,000,001 - $25,000,000
   $5,000,001 - $25,000,000    $25,000,001 - $50,000,000
   $25,000,001 - $100,000,000    $50,000,001 - $100,000,000
   Over $100,000,000    Over $100,000,000
   Decline to Disclose    Decline to Disclose
   Not Applicable    Not Applicable

6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)

   Rule 504(b)(1) (not (i), (ii) or (iii))
   Rule 504 (b)(1)(i)
   Rule 504 (b)(1)(ii)
   Rule 504 (b)(1)(iii)
X Rule 506(b)
   Rule 506(c)
   Securities Act Section 4(a)(5)
   Investment Company Act Section 3(c)
   Section 3(c)(1)    Section 3(c)(9)  
   Section 3(c)(2)    Section 3(c)(10)
   Section 3(c)(3)    Section 3(c)(11)
   Section 3(c)(4)    Section 3(c)(12)
   Section 3(c)(5)    Section 3(c)(13)
   Section 3(c)(6)    Section 3(c)(14)
   Section 3(c)(7)

7. Type of Filing

   New Notice Date of First Sale 2018-02-23    First Sale Yet to Occur
X Amendment

8. Duration of Offering

Does the Issuer intend this offering to last more than one year?
   Yes X No

9. Type(s) of Securities Offered (select all that apply)

X Equity    Pooled Investment Fund Interests
   Debt    Tenant-in-Common Securities
   Option, Warrant or Other Right to Acquire Another Security    Mineral Property Securities
   Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security    Other (describe)

10. Business Combination Transaction

Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer?
   Yes X No

Clarification of Response (if Necessary):

11. Minimum Investment

Minimum investment accepted from any outside investor $100,000 USD

12. Sales Compensation

Recipient
Recipient CRD Number    None
Lighthouse Capital Group, LLC 169135
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Joshua Ungerecht 5183573
Street Address 1 Street Address 2
1055 E. COLORADO BLVD., SUITE 310
City State/Province/Country ZIP/Postal Code
Pasadena CALIFORNIA 91101
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Capulent LLC 155155
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Edward E. Fernandez 2956661
Street Address 1 Street Address 2
4144 N. 44th St. Suite 3
City State/Province/Country ZIP/Postal Code
Phoenix ARIZONA 85018
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Concorde Investment Services 151604
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Alan Lichtenstein 1877017
Street Address 1 Street Address 2
19500 Victory Parkway, Ste. 550
City State/Province/Country ZIP/Postal Code
Livonia MICHIGAN 48152
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Concorde Investment Services 151604
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Bart Harrison 1616987
Street Address 1 Street Address 2
19500 Victory Parkway, Ste. 550
City State/Province/Country ZIP/Postal Code
Livonia MICHIGAN 48152
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Concorde Investment Services 151604
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Gary Chapman 5244594
Street Address 1 Street Address 2
19500 Victory Parkway, Ste. 550
City State/Province/Country ZIP/Postal Code
Luvibua MICHIGAN 48152
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Concorde Investment Services 151604
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Roger Bowlin 1905652
Street Address 1 Street Address 2
19500 Victory Parkway, Ste. 550
City State/Province/Country ZIP/Postal Code
Luvibua MICHIGAN 48152
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Emerson Equity 130032
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Mike Culwell 5989109
Street Address 1 Street Address 2
155 Bovet Road, Ste. 725
City State/Province/Country ZIP/Postal Code
San Mateo CALIFORNIA 94402
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Emerson Equity 130032
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Steve Arnold 710263
Street Address 1 Street Address 2
155 Bovet Road, Ste. 725
City State/Province/Country ZIP/Postal Code
San Mateo CALIFORNIA 94402
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Great Point Capital LLC 114203
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Susan Gitt 5580509
Street Address 1 Street Address 2
200 W. Jackson #1000
City State/Province/Country ZIP/Postal Code
Chicago ILLINOIS 60606
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Great Point Capital LLC 114203
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Robert Boggess 5007422
Street Address 1 Street Address 2
200 W. Jackson #1000
City State/Province/Country ZIP/Postal Code
Chicago ILLINOIS 60606
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
International Assets Advisory LLC 10645
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Keen Butcher 2098675
Street Address 1 Street Address 2
390 N. Orange Ave., Ste. 750
City State/Province/Country ZIP/Postal Code
Orlando FLORIDA 32801
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Investment Security Corporation 47536
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Gary Leavitt 712745
Street Address 1 Street Address 2
24009 Ventura Blvd., Ste. 101
City State/Province/Country ZIP/Postal Code
Calabasas CALIFORNIA 91302
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
FLORIDA
ILLINOIS
MASSACHUSETTS
MISSISSIPPI
TEXAS
UTAH
WYOMING
Recipient
Recipient CRD Number    None
Investment Security Corporation 47536
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
John Butler 1951436
Street Address 1 Street Address 2
24009 Ventura Blvd., Ste. 101
City State/Province/Country ZIP/Postal Code
Calabasas CALIFORNIA 91302
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
FLORIDA
ILLINOIS
MASSACHUSETTS
MISSISSIPPI
TEXAS
UTAH
WYOMING
Recipient
Recipient CRD Number    None
LightPath Capital 34617
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Leslie Pappas 1735372
Street Address 1 Street Address 2
515 Congress Ave., Ste. 315
City State/Province/Country ZIP/Postal Code
Los Angeles CALIFORNIA 90401
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
FLORIDA
MASSACHUSETTS
MINNESOTA
NEVADA
NEW YORK
OREGON
TEXAS
WASHINGTON
Recipient
Recipient CRD Number    None
Lion Street Financial LLC 165828
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Anthony Harrigan 1817525
Street Address 1 Street Address 2
515 Congress Ave, Ste. 2500
City State/Province/Country ZIP/Postal Code
Austin TEXAS 78701
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Lowell & Company 24913
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Kathleen Williams-Price 2450125
Street Address 1 Street Address 2
4021 84th St., Ste. 100
City State/Province/Country ZIP/Postal Code
Lubbock TEXAS 79423
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ALABAMA
CALIFORNIA
COLORADO
FLORIDA
GEORGIA
ILLINOIS
KANSAS
LOUISIANA
MONTANA
NEW MEXICO
OKLAHOMA
TEXAS
VIRGINIA
Recipient
Recipient CRD Number    None
McDermott Investment Service LLC 154926
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Troy Thomas 4691720
Street Address 1 Street Address 2
One West Broad St., 11th Floor
City State/Province/Country ZIP/Postal Code
Bethlehem PENNSYLVANIA 18018
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
National Securities Corporation 7569
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
George Fiederlein 6406594
Street Address 1 Street Address 2
200 Vesey St. 25th Floor
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10281
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
National Securities Corporation 7569
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Joseph Kocsis 2423884
Street Address 1 Street Address 2
200 Vesey St. 25th Floor
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10281
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Newbridge Securities Corporation 104065
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
John Zaffarano 6690551
Street Address 1 Street Address 2
5200 Town Center Circle Tower One Ste. 306
City State/Province/Country ZIP/Postal Code
Boca Raton FLORIDA 33486
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Newbridge Securities Corporation 104065
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Gilbert Sabatka 1229982
Street Address 1 Street Address 2
5200 Town Center Circle Tower One Ste. 306
City State/Province/Country ZIP/Postal Code
Boca Raton FLORIDA 33486
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
NPB Financial Group LLC 137743
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Greg Bernhardt 703622
Street Address 1 Street Address 2
3500 W. Olive Ave. #300
City State/Province/Country ZIP/Postal Code
Burbank CALIFORNIA 91505
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
NPB Financial Group LLC 137743
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Greg Meyer 3088783
Street Address 1 Street Address 2
3500 W. Olive Ave. #300
City State/Province/Country ZIP/Postal Code
Burbabjk CALIFORNIA 91505
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
CALIFORNIA
Recipient
Recipient CRD Number    None
Primex 29394
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Josh Slaybaugh 4450485
Street Address 1 Street Address 2
54 West 21st St., Ste. 1210
City State/Province/Country ZIP/Postal Code
New York NEW YORK 10010
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Sandlapper Securities LLC 137906
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Chris Miller 4044818
Street Address 1 Street Address 2
800 E. North St.
City State/Province/Country ZIP/Postal Code
Greenville SOUTH CAROLINA 29601
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Wealth Forge Securities LLC 152550
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Betty Friant 2122446
Street Address 1 Street Address 2
6800 Paragon Place, Ste. 200
City State/Province/Country ZIP/Postal Code
Richmond VIRGINIA 23230
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Western International Securities 39262
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Jason Lowther 2606268
Street Address 1 Street Address 2
70 S. Lake Ave. #700
City State/Province/Country ZIP/Postal Code
Pasadena CALIFORNIA 91101
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Western International Securities 39262
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Lyndon Grey 1789083
Street Address 1 Street Address 2
70 S. Lake Ave. #700
City State/Province/Country ZIP/Postal Code
CA CALIFORNIA 91101
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Whitehall-Parker Securities Inc. 10608
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Jim Lamont 2846228
Street Address 1 Street Address 2
477 Pacific Ave. #2
City State/Province/Country ZIP/Postal Code
San Francisco CALIFORNIA 94133
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		    All States
   Foreign/non-US
ARIZONA
CALIFORNIA
NEVADA
TEXAS
UTAH
Recipient
Recipient CRD Number    None
North Capital Private Securities Corp. 154559
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Jason Conklin 6653588
Street Address 1 Street Address 2
623 E. Ft. Union Blvd. Ste. 101
City State/Province/Country ZIP/Postal Code
Salt Lake City UTAH 84047
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
North Capital Private Securities Corp. 154559
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Griffin Quick 6672218
Street Address 1 Street Address 2
623 E. Ft. Union Blvd. Ste. 101
City State/Province/Country ZIP/Postal Code
Salt Lake City UTAH 84047
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
North Capital Private Securities Corp. 154559
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Mathew Wilkins 6729669
Street Address 1 Street Address 2
623 E. Ft. Union Blvd. Ste. 101
City State/Province/Country ZIP/Postal Code
Salt Lake City UTAH 84047
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
North Capital Private Securities Corp. 154559
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Brian Sigler 5697700
Street Address 1 Street Address 2
623 E. Ft. Union Blvd. Ste. 101
City State/Province/Country ZIP/Postal Code
Salt Lake City UTAH 84047
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Sandlapper Securities LLC 137996
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
David Kangas 6591398
Street Address 1 Street Address 2
800 E. North St.
City State/Province/Country ZIP/Postal Code
Greenville SOUTH CAROLINA 29601
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Sandlapper Securities LLC 137996
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
John Harvey 4227692
Street Address 1 Street Address 2
800 E. North St.
City State/Province/Country ZIP/Postal Code
Greenville SOUTH CAROLINA 29601
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Sandlapper Securities LLC 137996
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Robin Naylor 1392433
Street Address 1 Street Address 2
800 E. North St.
City State/Province/Country ZIP/Postal Code
Greenville SOUTH CAROLINA 29601
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Sandlapper Securities LLC 137996
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Ryan Sherer 5952617
Street Address 1 Street Address 2
800 E. North St.
City State/Province/Country ZIP/Postal Code
Greenville SOUTH CAROLINA 29601
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Wealth Forge Securities LLC 152550
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Chay Lapin 6275140
Street Address 1 Street Address 2
6800 Paragon Place, Ste. 200
City State/Province/Country ZIP/Postal Code
Richmond VIRGINIA 23230
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Wealth Forge Securities LLC 152550
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
David Dahill 6581024
Street Address 1 Street Address 2
6800 Paragon Place, Ste. 200
City State/Province/Country ZIP/Postal Code
Richmond VIRGINIA 23230
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Wealth Forge Securities LLC 152550
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Drew Reynolds 6646813
Street Address 1 Street Address 2
6800 Paragon Place, Ste. 200
City State/Province/Country ZIP/Postal Code
Richmond VIRGINIA 23230
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Wealth Forge Securities LLC 152550
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Orrin Barrow 6784158
Street Address 1 Street Address 2
6800 Paragon Place, Ste. 200
City State/Province/Country ZIP/Postal Code
Richmond VIRGINIA 23230
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US
Recipient
Recipient CRD Number    None
Wealth Forge Securities LLC 152550
(Associated) Broker or Dealer    None
(Associated) Broker or Dealer CRD Number    None
Steve Haskell 6864948
Street Address 1 Street Address 2
6800 Paragon Place, Ste. 200
City State/Province/Country ZIP/Postal Code
Richmond VIRGINIA 23230
State(s) of Solicitation (select all that apply)
Check “All States” or check individual States		 X All States
   Foreign/non-US

13. Offering and Sales Amounts

Total Offering Amount $32,550,000 USD
or    Indefinite
Total Amount Sold $29,693,653 USD
Total Remaining to be Sold $2,856,347 USD
or    Indefinite

Clarification of Response (if Necessary):

14. Investors

  
 Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors, and enter the number of such non-accredited investors who already have invested in the offering.
Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
0

15. Sales Commissions & Finder's Fees Expenses

Provide separately the amounts of sales commissions and finders fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.

Sales Commissions $2,278,500 USD
X Estimate
Finders' Fees $0 USD
   Estimate

Clarification of Response (if Necessary):

16. Use of Proceeds

Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.

$0 USD
   Estimate

Clarification of Response (if Necessary):

Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.

Terms of Submission

In submitting this notice, each issuer named above is:
  • Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, in the accordance with applicable law, the information furnished to offerees.*
  • Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against the issuer in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of:  (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.
  • Certifying that, if the issuer is claiming a Regulation D exemption for the offering, the issuer is not disqualified from relying on Rule 504 or Rule 506 for one of the reasons stated in Rule 504(b)(3) or Rule 506(d).

Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.

For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
ExchangeRight Net Leased Portfolio 20 DST /Warren Thomas/ Warren Thomas Manager 2018-06-22

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

* This undertaking does not affect any limits Section 102(a) of the National Securities Markets Improvement Act of 1996 ("NSMIA") [Pub. L. No. 104-290, 110 Stat. 3416 (Oct. 11, 1996)] imposes on the ability of States to require information. As a result, if the securities that are the subject of this Form D are "covered securities" for purposes of NSMIA, whether in all instances or due to the nature of the offering that is the subject of this Form D, States cannot routinely require offering materials under this undertaking or otherwise and can require offering materials only to the extent NSMIA permits them to do so under NSMIA's preservation of their anti-fraud authority.