The Lively Indigo Run
Garden-style multifamily property in Ladson, SC — sponsored by Carter Exchange
Files with the SEC as CX Lively Indigo Run, DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
The Lively Indigo Run is a Delaware Statutory Trust (DST) — a structure that lets 1031 exchange investors hold fractional interests in real estate — holding a garden-style apartment complex in Ladson, South Carolina, sponsored by Carter Exchange.1 It was offered under Rule 506(c), meaning it could be advertised publicly but sold only to verified accredited investors. Carter Exchange's page says subscriptions are closed.1
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
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
Who is the tenant, and what's the lease?
This is an apartment community, so there is no single tenant and no corporate lease guarantor: income comes from residents on short-term leases that turn over continuously. The tenant-facing property page carries Allegiant-Carter Management branding, a Carter-affiliated operator.2
How did it end?
No sale or other ending on record
CX Lively Indigo Run, DST (Ladson, SC - 302-unit The Lively Indigo Run) remains actively operating and listed for lease by Allegiant-Carter Management with no full-cycle press release or property-level sale announcement found.
Carter's offering page describes the property as a 302-unit garden-style complex; the property architect says it was completed in 2019 as a $30 million luxury apartment complex. Carter's page labels the offering closed, but no dated news evidence of full subscription or closure was found, so status_signal is none.
302 unitsHow is it financed, and what does it pay?
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 PPM — the private placement memorandum that governs the offering.
Who's behind it?
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
- Carter Exchange
- Legal Trust name
- CX Lively Indigo Run, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 0 active / 10 total offerings from Carter Exchange
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
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
- First Form D filedThe public offering record begins.
- Offering amount recordedA Form D amendment recorded offering and sales totals.
- Filing record updatedA later amendment updated the sponsor’s filing record.
- Latest Form D filedThe most recent sponsor-filed checkpoint in this record.
- Filings on record
- 18
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
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.
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 Private Placement Memorandum before investing.
Common questions
What happened to The Lively Indigo Run?
Top1031 lists The Lively Indigo Run as historical. It is no longer raising money.
Where does Top1031 get the data for The Lively Indigo Run?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Can I still invest in this Trust?
Carter Exchange's offering page states that subscriptions are closed.[1] The most recent Form D amendment on file is dated October 4, 2023, and no filing or dated news source reviewed here reports the offering as fully subscribed. Top1031 does not sell interests; questions about availability go to the sponsor or your own representative.
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.[2] Carter Exchange describes ten buildings on 21.69 acres, built in 2019, with studios through three-bedroom units.[1]
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 PPM, the offering's full disclosure document.
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 PPM 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.[2]