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Alternative Assets  + Real Estate  | 
Carter Exchange Fully Subscribes $48.8M Maryland DST Offering

Carter Exchange Fully Subscribes $48.8M Maryland DST Offering

Carter Exchange Fund Management Company, LLC, a real estate company focused on tax-advantaged investment strategies, announced the full subscription and closing of its $48.8 million DST offering, CX Courts of Avalon, DST, a Regulation D private placement for accredited investors that qualifies for 1031 like-kind exchange.

Carter Exchange, a Carter Funds, LLC company, previously acquired Courts of Avalon, a multifamily property in the Baltimore suburb of Pikesville, MD. With 258 apartment homes and high-end amenities, Courts of Avalon is strategically positioned just minutes from the area’s most prominent retail and commercial amenities.

“We recognized Courts of Avalon as an exceptional opportunity to provide prospective DST investors with an institutional-quality 1031 Exchange-eligible investment solution in a gateway market with a diverse economy, highly educated workforce, strong demographics, and burgeoning technology and healthcare employment sectors,” said Dallas Whitaker, CEO of Carter Exchange.

Carter Funds is a real estate investment company with $3 billion in assets under management.

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Carter Exchange Fund Management Company, LLC

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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