FORNEY, TX – January 22, 2024 — Carter Exchange Fund Management Company, LLC (“Carter Exchange”), a national real estate company focused on tax-advantaged investment strategies, today announced the acquisition of an Atmos Energy Corporation (“Atmos Energy”) industrial facility for $12.6 Million.
Carter Exchange facilitated the acquisition of the property on behalf of CX Texas Industrial II, DST. The Delaware Statutory Trust (“DST”) launched a 506(c) zero coupon private placement offering on January 9, 2024, seeking to raise $3.4 million from accredited investors.
The Atmos Energy facility is situated on 9.73 acres in Forney, TX, well-located in a major industrial market within the Dallas metropolitan area. The lease is a 20-year absolute net lease agreement with Atmos Energy, an S&P 500 company and one of the largest distributors of national gas in the U.S.
The acquired facility was built in 2023 and includes an 18,000-square-foot special-use building with both warehouse and office space that is utilized by engineers, field technicians, and operational staff. The property is located approximately 27 miles east of Dallas, Texas, one of the country’s top logistics hubs, where strong demand for industrial real estate persists from the area’s massive economic and demographic growth.
“We’re excited to continue growing our footprint in a major industrial market in Texas that has an extensive natural gas pipeline, a large cargo network that connects to more than 30 hubs around the world, proximity to major interstate highways, and the confluence of three major railroad networks. The Dallas area is a fantastic location for the industrial market due to its high levels of job growth and population growth,” said Dallas Whitaker, chief executive officer of Carter Exchange.
About Carter Exchange
Carter Exchange (CX), a Carter Funds company, is a national real estate investment and management company that sponsors institutional-quality real estate exchange programs that are intended to qualify for tax deferral under Section 1031 of the Internal Revenue Code. CX is backed by a team of experts with decades of real estate investment experience and established relationships in both the broker/dealer and real estate brokerage communities. Learn more: www.carterexchange.com
For accredited investors only. Investments are subject to risk including the possible loss of principal invested. Securities are offered through Orchard Securities, a member of FINRA/SIPC. Carter Exchange and Orchard Securities are not affiliated.