Carter Exchange Acquires Texas Industrial Property for DST Offering

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.

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