Carter Exchange

Platform and identity

Carter Exchange Fund Management Company, LLC is a Section 1031 syndicated Delaware Statutory Trust sponsor based at 4890 West Kennedy Boulevard, Tampa, Florida, and identified in SEC filings under CIK 0001898733.¹ A Carter Funds company, it markets institutional-quality DST programs and reports more than $2 billion in assets under management.² Top1031 tracks 26 CX-branded DST programs first filed between 2020 and 2024, spanning multifamily communities across the Southeast and Mid-Atlantic and industrial assets in Texas and the Midwest.³

Representative completed programs

In May 2023, Carter Exchange sold a Savannah-area multifamily asset for $62.5 million, a roughly 2.8-year hold that produced a reported 32.67% annualized total return.⁴ In June 2023 it completed the sale of an apartment community in Concord, North Carolina for $74.7 million.⁵ In February 2026 the sponsor reported selling a Burlington, North Carolina multifamily property for $48 million, citing a 55.4% total return to DST investors.⁶

Acquisitions and closings

In January 2024, Carter Exchange acquired a 9.73-acre Atmos Energy regional service center in Forney, Texas for $12.6 million on behalf of CX Texas Industrial II, DST, under a 20-year absolute net lease.⁷ In August 2024 it announced the full subscription and closing of the $48.8 million CX Courts of Avalon, DST, a multifamily property in Pikesville, Maryland.⁸