Skip to content

Carter Exchange Acquires Texas Industrial Property for DST Offering

Carter Exchange Acquires Texas Industrial Property for DST Offering. Carter Exchange, Carter Exchange Fund Management Company, Delaware statutory trust, DST, REIT, industrial facility

Carter Exchange Fund Management Company, LLC, a national real estate company focused on tax-advantaged investment strategies, announced the acquisition of an Atmos Energy Corporation 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 launched a 506(c) zero coupon private placement offering earlier this month, seeking to raise $3.4 million from accredited investors.

The Atmos Energy facility is situated on 9.73 acres in Forney, Texas, 27 miles east of Dallas. 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 United States.

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.

“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. The Dallas Metroplex is a fantastic location due to its dynamic job and population growth, premier location, and attractiveness to a significant number of corporate headquarters and major company operations,” said Dallas Whitaker, chief executive officer of Carter Exchange.

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 under management, is a national real estate investment and management firm specializing in institutional-quality real estate exchange programs intended to qualify for tax deferral under Section 1031.

Click here to visit The DI Wire directory page.