The property serves as a regional service center for Atmos Energy, a leading natural gas distributor, servicing the Dallas, Texas, metropolitan area.

FORNEY, Texas, Jan. 23, 2024 /PRNewswire/ — Carter Exchange Fund Management Company, LLC (“Carter Exchange”), a national real estate company focused on tax-advantaged investment strategies, today announced the acquisition of an Atmos Energy Corporation (“Atmos Energy”) industrial facility for $12.6 million.

Carter Exchange facilitated the acquisition of the property on behalf of CX Texas Industrial II, DST. The Delaware statutory trust (“DST”) launched a 506(c) zero coupon private placement offering on Jan. 9, 2024, seeking to raise $3.4 million from accredited investors.

The Atmos Energy facility is situated on 9.73 acres in Forney, well-located in a major industrial market within the Dallas metropolitan area. The lease is a 20-year absolute net lease agreement with Atmos Energy, an S&P 500 company and one of the largest distributors of national gas in the U.S.

The acquired facility was built in 2023 and includes an 18,000-square-foot special-use building with both warehouse and office space that is utilized by engineers, field technicians and operational staff. The property is located approximately 27 miles east of Dallas, one of the country’s top logistics hubs, where strong demand for industrial real estate persists from the area’s massive economic and demographic growth.

“We’re excited to continue expanding our Texas footprint with a mission-critical property acquisition in the essential natural gas utility sector backed by investment-grade tenancy under a long-term lease commitment. The Dallas Metroplex is a fantastic location due to its dynamic job and population growth, premier location and attractiveness to a significant number of corporate headquarters and major company operations,” said Dallas Whitaker, chief executive officer of Carter Exchange.

About Carter Funds
Carter Funds is a fully integrated real estate company with $3 billion in assets under management and is built on over three centuries of real estate experience. Carter Exchange, a Carter Funds subsidiary with over $2 billion in assets under management, is a national real estate investment and management firm specializing in institutional-quality real estate exchange programs intended to qualify for tax deferral under Section 1031 of the Internal Revenue Code. Learn more: www.carterfunds.com and www.carterexchange.com.

Media Contact:
Stacy Sheedy
VP Marketing, Carter Funds
[email protected]
813.358.5982

SOURCE Carter Funds