The Lively Indigo Run
Garden-style multifamily property in Ladson, SC · sponsored by Carter Exchange
The Lively Indigo Run was a DST sponsored by Carter Exchange that owned a garden-style multifamily property in Ladson, SC (302 units). Its last Form D was filed Oct 4, 2023.
How it ended
Last Form D filed Oct 4, 2023.
Key facts
- Minimum investment
- $25,000From the Form D
- Offering size
- $103,237,080Equity offered, per the Form D
- Sold
- 34.9%Form D, Oct 4, 2023; the % is our arithmetic
- Investors reported
- Form D, Oct 4, 202399
- Selling commissions
- Form D Item 15; the % is our arithmetic$10,065,616 · 9.7% of offering
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.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: The Lively Indigo Run. Top1031 is not a broker-dealer.What did The Lively Indigo Run own?
The property sits at 9255 Blue House Rd in Ladson, South Carolina. 2 Carter Exchange reports ten buildings on 21.69 acres, built in 2019, with a mix of 20 studios, 129 one-bedroom, 129 two-bedroom and 24 three-bedroom apartments. 1 The project architect describes it as a $30 million luxury complex completed that year.
- Reported location
- Ladson, SC
- Property size
- 302 units
How was it financed, and what did it cost to sell?
The Form D filings on record do not describe loan terms, and no public source reviewed here disclosed property-level debt for this Trust. Whether the Trust carries a mortgage, and on what terms, is set out in the offering documents.
Debt
- Financing
- Not in the Form D. The Form D for this offering does not say whether it carries mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $10,065,616 · 9.7% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,518,685 · 2.4% of offeringForm D Item 16· The filing’s note: “Item 16 is an estimate of acquisition fees, reimbursements for certain acquisition and financing costs, and offering and organizational expenses that may accrue to one or more Related Persons.”
- Broker-dealers named in the Form D
- 21 named in the Form D
Show the firms
- American Trust Investment Services, Inc. · CRD 3001
- Berthel, Fisher & Company Financial Services, Inc. · CRD 13609
- Cabin Securities, Inc. · CRD 137608
- Capulent LLC · CRD 155155
- Colorado Financial Service Corporation · CRD 104343
- Concorde Investment Services, LLC · CRD 151604
- DFPG Investments, LLC · CRD 155576
- Emerson Equity LLC · CRD 130032
- FNEX Capital, LLC · CRD 166316
- Huntwicke Securities, LLC · CRD 146993
- Independent Financial Group, LLC · CRD 7717
- Infinity Financial Services · CRD 144302
- Lightpath Capital, Inc. · CRD 34617
- McDermott Investment Services, LLC · CRD 154926
- Patrick Capital Markets, LLC · CRD 16518
- Peak Brokerage Services, LLC · CRD 157045
- Realized Financial, Inc. · CRD 22333
- Realta Equities, Inc. · CRD 23769
- Saxony Securities, Inc. · CRD 115547
- Somerset Securities, Inc. · CRD 2493
- Wealthforge Securities, LLC · CRD 152550
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Jun 27, 2022
- 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 The Lively Indigo Run?
Carter Exchange Fund Management Company, LLC is the named sponsor; the Form D also names CX Lively Indigo Run Depositor, LLC as depositor and CX Lively Indigo Run Manager, LLC as manager of the Trust. 3 The apartments are operated under Allegiant-Carter Management branding, an affiliated property manager. 2 Carter Exchange's 2024 program overview lists this Trust with an investment cost of $103,237,080. 4
- Sponsor
- Offerings on record
What does the SEC record show?
A Form D is the brief notice an issuer files with the SEC for an exempt private offering. This Trust's first one reported a first sale on June 27, 2022, and the amendments that followed updated the dollars raised and the investor count without changing the size of the offering. 3
- Legal Trust name
- CX Lively Indigo Run, DST
- SEC CIK
- 1931828
- First Form D
- Jul 12, 2022
- Latest Form D
- Oct 4, 2023
- Filings on record
- 18
- 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 | $103,237,080 | $36,116,265+$9,457,147 | 99+29 | EDGAR | |
| Form D/A | $103,237,080 | $26,659,118+$2,424,243 | 70+1 | EDGAR | |
| Form D/A | $103,237,080 | $24,234,875+$647,762 | 69+4 | EDGAR | |
| Form D/A | $103,237,080 | $23,587,113+$1,150,000 | 65+4 | EDGAR | |
| Form D/A | $103,237,080 | $22,437,113+$1,932,766 | 61+4 | EDGAR | |
| Form D/A | $103,237,080 | $20,504,347+$1,195,800 | 57+4 | EDGAR | |
| Form D/A | $103,237,080 | $19,308,547+$2,828,862 | 53+4 | EDGAR | |
| Form D/A | $103,237,080 | $16,479,685+$2,339,364 | 49+5 | EDGAR | |
| Form D/A | $103,237,080 | $14,140,321+$1,316,224 | 44+2 | EDGAR | |
| Form D/A | $103,237,080 | $12,824,097+$1,378,521 | 42+4 | EDGAR | |
| Form D/A | $103,237,080 | $11,445,576+$201,495 | 38+1 | EDGAR | |
| Form D/A | $103,237,080 | $11,244,081+$444,059 | 37+4 | EDGAR | |
| Form D/A | $103,237,080 | $10,800,022+$1,100,000 | 33+2 | EDGAR | |
| Form D/A | $103,237,080 | $9,700,022+$1,059,114 | 31+7 | EDGAR | |
| Form D/A | $103,237,080 | $8,640,908+$823,653 | 24+3 | EDGAR | |
| Form D/A | $103,237,080 | $7,817,255+$5,463,412 | 21+9 | EDGAR | |
| Form D/A | $103,237,080 | $2,353,843+$1,074,665 | 12+5 | EDGAR | |
| Form D | $103,237,080 | $1,279,178 | 7 | EDGAR |
Show all 18 SEC Form D filings
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 The Lively Indigo Run?
- The Lively Indigo Run is a Historical offering. Last Form D filed Oct 4, 2023.
- What exactly does the Trust own?
- The Lively Indigo Run, a 302-unit garden-style apartment complex at 9255 Blue House Rd in Ladson, South Carolina. Carter Exchange describes ten buildings on 21.69 acres, built in 2019, with studios through three-bedroom units.
- What was the minimum investment?
- The Form D filings report a minimum outside investment of $25,000. Sponsors typically set a higher minimum for 1031 exchange investors than for cash investors, so the governing figure for an exchange is the one in the offering documents.
- Is there a mortgage on the property?
- The Form D filings do not disclose loan terms, and no public source reviewed here established property-level debt, a loan amount, or a loan-to-value figure for this Trust. Leverage is recorded here as unknown; the offering documents and the loan documents are the place to confirm it.
- Does the Trust have a 721/UPREIT exit?
- No 721 exit is recorded for this Trust. A 721/UPREIT exit is a structure in which DST interests are exchanged for operating-partnership units in a REIT at the end of the hold, rather than sold for cash; the record here shows no such conversion path.
- Who manages the apartments day to day?
- The tenant-facing property page for The Lively Indigo Run presents Allegiant-Carter Management branding, a Carter-affiliated manager, which means leasing and operations sit with an entity related to the sponsor rather than an unaffiliated third party.
Sources
Show sources (7)Hide sources (7)
These links support the record as a whole; individual details may come from different sources.
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.