CX Texas Industrial II
Industrial property in Forney, TX · sponsored by Carter Exchange
CX Texas Industrial II was a DST sponsored by Carter Exchange that owned an industrial property in Forney, TX (17,564 SF). Its last Form D was filed Sep 24, 2024.
How it ended
No outcome recorded · under 7 years
Last Form D filed Sep 24, 2024.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $3,496,940Equity offered, per the Form D
- Sold
- 84.1%Form D, Sep 24, 2024; the % is our arithmetic
- Investors reported
- Form D, Sep 24, 202431
- Selling commissions
- Form D Item 15; the % is our arithmetic$253,528 · 7.2% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: CX Texas Industrial II. Top1031 is not a broker-dealer.CX Texas Industrial II · Forney, TX · Photo: carterfunds.com
What did CX Texas Industrial II own?
Carter Exchange acquired the property for $12.6 million in January 2024 on behalf of the Trust: a purpose-built regional service center for Atmos Energy in Forney, in the Dallas metro area. 2 The sponsor's project page describes two special-use buildings holding office, warehouse and mezzanine space. 3 Its January 2024 announcement instead cited roughly 18,000 square feet, and no street address appears in the Form D or that announcement. 2
- Reported location
- Forney, TX
- Property size
- 17,564 SF (8,948 SF office + 7,512 SF industrial logistics + 1,104 SF mezzanine) on a 9.73-acre site; built 2023
How was it financed, and what did it cost to sell?
Carter Exchange launched this as a zero-coupon placement — a loan structure that generally requires no current cash debt service, with accrued interest and principal settled at maturity. 2 Neither the Form D nor the sponsor's acquisition announcement names a lender or states the loan terms.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $253,528 · 7.2% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $828,342 · 23.6% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of the acquisition and finance fees, reimbursements for acquisition and financing costs, and other offering and organization expenses that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 5 named in the Form D
Show the firms
- Concorde Investment Services, LLC · CRD 151604
- DAI Securities, LLC · CRD 36673
- FNEX Capital, LLC · CRD 166316
- Orchard Securities, LLC · CRD 133378
- Realized Financial, Inc. · CRD 22333
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jan 24, 2024
- Minimum investment
- $25,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind CX Texas Industrial II?
Carter Exchange is the 1031 exchange platform behind this Trust. The Form D names CX Texas Industrial II Manager, LLC as manager, CX Texas Industrial II Investments, LLC as depositor, and Carter Exchange Fund Management Company, LLC as sponsor. 1 Carter Exchange said the offering launched on January 9, 2024 and announced the Forney acquisition on January 22, 2024. 2 No later sponsor update on this Trust was located.
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust filed an original Form D at launch and one later amendment updating the raise; that amendment reported a first sale on January 24, 2024. 4 The offering relies on the SEC exemption that permits public advertising so long as every buyer's accredited status is verified.
- Legal Trust name
- CX Texas Industrial II, DST
- SEC CIK
- 2002098
- First Form D
- Jan 16, 2024
- Latest Form D
- Sep 24, 2024
- Filings on record
- 2
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D/A | $3,496,940 | $2,943,980+$2,943,980 | 31 | EDGAR | |
| Form D | $3,496,940 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to CX Texas Industrial II?
- CX Texas Industrial II is a Historical offering. Last Form D filed Sep 24, 2024.
- What does this Trust actually own?
- A single property: an Atmos Energy regional service center in Forney, Texas, in the Dallas metropolitan area. Carter Exchange acquired it for $12.6 million in January 2024. The sponsor's project page describes two special-use buildings totaling 17,564 square feet — about 8,948 square feet of office, 7,512 square feet of warehouse and 1,104 square feet of mezzanine — on a 9.73-acre site, built in 2023.
- Who is the tenant and what kind of lease is in place?
- Atmos Energy. Carter Exchange described the lease as a 20-year absolute net lease, a structure in which the tenant is responsible for taxes, insurance and maintenance rather than the landlord. No occupancy percentage or rent schedule is stated in the SEC filings or the sponsor's own project page reviewed here.
- What does "zero coupon" mean for this offering?
- Carter Exchange marketed the placement as zero coupon. A zero-coupon loan generally requires no current cash debt-service payments during its term, with accrued interest and principal repaid at maturity. The public record reviewed here does not name the lender, state the loan amount, or describe distribution terms to investors; those would be set out in the offering documents.
- What is the minimum investment, and who can invest?
- The Form D reports a $25,000 minimum investment. Because the Trust is offered under Rule 506(c), the sponsor may advertise publicly but every purchaser must be an accredited investor whose status is verified — generally meaning income or net-worth thresholds set by the SEC.
- Can this Trust roll into a REIT at the end?
- The record shows no 721/UPREIT exit — the arrangement in which DST interests are contributed to a REIT's operating partnership for REIT units rather than cash. This Trust is not flagged as convertible to a REIT in the data on file.
In the news
Sources
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DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.