Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 7, 2026, the managers of ExchangeRight Real Estate, LLC (ExchangeRight"), which is the manager of ExchangeRight Income Fund Trustee, LLC (the "Trustee"), which is the sole trustee of ExchangeRight Income Fund, a Maryland statutory trust (the "Company"), appointed Timothy Williams to serve as Chief Administrative Officer of ExchangeRight, and as such he will serve in the same capacity for the Company, effective October 7, 2026.

Mr. Williams, who is 36 years old, joined ExchangeRight in 2021 as Senior Controller and expanded his role in 2025 as he became Director of Asset Management where he was focused on leading his team to proactively manage ExchangeRight's assets by overseeing tenant relations, strategic leasing initiatives, and stewardship of the physical properties. Mr. Williams began his career at PricewaterhouseCoopers in the private company services audit practice, where he served family-owned and private equity-backed organizations in the Minneapolis, MN area. He later spent six years at McCoy Group, where he led the accounting function for the transportation division and contributed to strategic acquisitions and divestitures. Mr. Williams holds both B.A. and Masters degrees in Accounting from the University of Northern Iowa, graduating in 2013. He also earned national recognition with the prestigious Elijah Watt Sells Award for outstanding performance on the May 2013 CPA exam.

Mr. Williams did not enter into an employment agreement in connection with his appointment. There is no arrangement or understanding between Mr. Williams and any other persons or entities pursuant to which Mr. Williams was appointed as Chief Administrative Officer. There is no family relationship between Mr. Williams and any manager of ExchangeRight or any executive officer of the Company, and there are no transactions between the Company and Mr. Williams that require disclosure under Item 404(a) of Regulation S-K.