Does Carter Exchange have DST offerings available now?

None of Carter Exchange’s offerings is active in SEC filings today. Its most recent Form D was first filed in 2024.

How many DST programs has Carter Exchange sponsored?

Top1031 found 26 Carter Exchange programs in SEC Form D filings. The first was filed in 2020. Each is listed in the track record on this page with a link to its SEC filings.

What kind of property does Carter Exchange put in its DSTs?

Of the 25 Carter Exchange offering records on Top1031, seven are multifamily and three industrial.

What results has Carter Exchange published for its DSTs?

On its Record Card, three of its 26 programs sold with a result reported by the sponsor. Another one sold without a result reported by the sponsor. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.

How do I ask about Carter Exchange offerings?

Use the “Ask a 1031 specialist about Carter Exchange” button at the top of Carter Exchange’s offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.

Carter Exchange 1031 DST Offerings & Sponsor Record

NR

NR · Not rated

2 completed sales; 0 losses or impairments; 2 counted Programs. Fewer than three counted Programs. NR is not a failing grade. A letter needs 3 counted outcomes or 3 documented sales.

Completed sales 2Losses or impairments 0Counted Programs 2

Of 26 Programs, 2 count toward the Grade: 2 completed sales and 0 losses or impairments. The lines below describe all Programs, including those outside the Grade count.

Programs found in SEC fundraising filings (Form D): 26
Sold, result reported by the sponsor: 3
Sold, result not reported by the sponsor: 1
Sold according to the sponsor, not yet verified by us: 0
Moved into a REIT instead of sold: 0
Lost investors' money, or capital at documented risk: 0
Older than 7 years, confirmed still operating: 0
Older than 7 years, no public outcome found: 0
No outcome recorded · under 7 years: 22
Share of programs over 3 years old whose status we confirmed: 68%

Carter Exchange describes itself as a Carter Funds company, with the Carter Funds team identifying investments, structuring offerings, and providing operational management for the CX platform. Carter Exchange states that it was founded in 2019, sponsors Section 1031-syndicated Delaware statutory trust programs, and has structured 26 private placement offerings to date, with a stated acquisition focus on the multifamily, industrial, and specialty sectors. As of 2025, the sponsor reported $2.05 billion in total DST assets under management, 23 DST programs, and 25 properties, comprising 21 multifamily properties with 6,144 apartment homes and four commercial properties totaling 900,000 square feet. ¹

Top1031 tracks 26 CX-branded Delaware statutory trusts with first filing years from 2020 through 2024. Four were first filed in 2020 — CX Reagan Crossing, DST; CX Retreat at the Park, DST; CX Station at Poplar Tent, DST; and CX Station at Savannah Quarters, DST — followed by seven in 2021 and thirteen in 2022. The most recently filed tracked entities are CX Mode at Hyattsville, DST (2023) and CX Texas Industrial II, DST (2024). ²

On January 23, 2024, Carter Exchange announced the acquisition of a $12.6 million Atmos Energy industrial facility in Forney, Texas on behalf of CX Texas Industrial II, DST. ³ On August 1, 2024, the sponsor announced the full subscription and closing of the $48.8 million CX Courts of Avalon DST offering, a Regulation D private placement for accredited investors structured to qualify for 1031 like-kind exchange treatment. ⁴

The Carter Exchange overview deck reports that CX Station at Poplar Tent, DST, holding 312 apartment homes in Concord, North Carolina, was purchased for $57.5 million on August 31, 2020 and sold for $74.7 million on April 20, 2023, and that CX Station at Savannah Quarters, DST, holding 244 apartment homes in Pooler, Georgia, was purchased for $43.4 million on September 17, 2020 and sold for $62.5 million on May 24, 2023. ⁵ In a February 12, 2026 release, Carter Exchange Fund Management Company, LLC announced the January 21, 2026 sale of the Retreat at the Park multifamily property in Burlington, North Carolina for $48 million. ⁶

Use the record as a starting point. Compare the current offerings or save them to your Watchlist.

Platform and strategy

Tracked CX programs

Acquisitions and offering closings

Completed programs