Carter Exchange Acquires $12.6M Industrial Facility for DST Offering
Carter Exchange Fund Management Company, a national real estate company specializing in tax-advantaged investment solutions, announced the purchase of an Atmos Energy Corporation industrial facility for $12.6 million.
Carter Exchange handled the acquisition on behalf of CX Texas Industrial II, DST. On January 9, the DST issued a 506(c) zero coupon private placement offering, with the goal of raising $3.4 million from accredited investors.
The facility is located on 9.73 acres in Forney, TX. The contract is a 20-year absolute net lease with Atmos Energy, one of the largest national gas distributors in the U.S.
Built in 2023, the facility contains an 18,000-square-foot special-use building with warehouse and office space for engineers, field technicians, and operational staff.
“We’re excited to continue expanding our Texas footprint with a mission-critical property acquisition in the essential natural gas utility sector backed by investment-grade tenancy under a long-term lease commitment,” said Dallas Whitaker, Carter Exchange CEO.
Carter Funds is a fully integrated real estate company with $3 billion in assets under management. Carter Exchange, a Carter Funds subsidiary with over $2 billion in assets, is a national real estate investment and management firm specializing in institutional-quality real estate exchange programs.