
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.
