CX Heritage, DST
1031 Exchange/DST
Heritage is a 240-unit garden-style multifamily complex located in Canton, GA, which is part of the Atlanta-Sandy Springs-Alpharetta MSA. The Property was built in 2001 and includes nine residential apartment buildings situated on 22.23 acres. The unit mix includes 70 one-bedroom units, 134 two-bedroom units and 36 three-bedroom units. Community amenities include resort-style swimming pool, premium fitness center, resident clubhouse and business center, poolside grilling area, resident lounge with billiards, car care center, controlled access, community playground, and more.
Canton is one of the fastest growing cities in Georgia, having grown 37.5% from 2010 to 2020.* Canton is a “Live, Work, Play Community” according to Georgia Trend Magazine. Canton is located 43 miles from Atlanta, and within a one hours’ drive to the city and most of the metropolitan area. Canton’s revitalized downtown and economic developments contribute to the city’s booming population growth. The Etowah Riverfront is Canton’s retail and recreation hotspot. The Mill on Etowah was constructed in 2018 to celebrate the history of Canton, earning it the Deal of the Year award from the Georgia Economic Developers Association. Malls and major retailers close to the Property include Riverstone Village, Riverstone Plaza, Publix, and Walmart, and The Outlet Shoppes at Atlanta is only a 14-minute drive away.
Cherokee County School Systems are among the best in Georgia. Five of the area’s six high schools scored in the top 17th percentile of the best schools in Georgia. The graduation rate of the county school system is 91%, compared to 83.8% in GA,15 and 86% for the nation. Cherokee County School Systems placed ninth out of 33 school systems in the Atlanta Area. Cherokee County offers technical education as well; ACE Academy alternative high school campus offers career classes in evolving fields such as cybersecurity. As for higher education, Chattahoochee Technical College’s Canton campus trains students in a trade or skill industry, while Reinhardt University, a liberal arts university, offers an array of academic programs.**
*Among cities with a population larger than 10,000. U.S. Census Bureau. “Table SUB-EST2020: Subcounty Resident Population Estimates. Georgia.” City and Town Population
Totals: 2010-2020, https://www2.census.gov/programs-surveys/popest/datasets/2010-2020/cities/, May 2021, p. 1.
**Cherokee Office of Economic Development. “COED receives award for large community deal of the year from the GEDA.” https://www.cherokeega.org/about/news/2019/11/cherokee-office-of-economic-development-receives-award-for-large-community-deal-of-the-year-from-the-georgia-economic-developers-association, 21 Nov. 2019, p. 1. Google Earth. “Shopping near Heritage at Riverstone, Canton, GA.” https://earth.google.com/web/search/Shopping+near+Heritage+at+Riverstone,+Canton,+GA/, 30 Nov. 2021, p. 1; and Google Maps. “Heritage at Riverstone to The Outlet Shoppes at Atlanta.” https://goo.gl/maps/p5obNNXYtXmdiW586, 30 Nov. 2021, p. 1. U.S. News and World Report. “High Schools in Cherokee County District.” Education. https://www.usnews.com/education/best-high-schools/georgia/districts/cherokee-county-101108, 2021, pp. 1-2. Sturgeon, Kathleen. “Cherokee Schools Graduation Rate Hits New High.” MSN.com, https://www.msn.com/en-us/news/us/cherokee-schools-graduation-rate-hits-new-high/ar-AAPNQvL, Oct. 2021, p. 1. Public School Review. “Average Public School Graduation Rate.” https://www.publicschoolreview.com/average-graduation-rate-stats/national-data, 2021, p. 1. Niche. “2021 Best School Districts in the Atlanta Area.” https://www.niche.com/k12/search/best-school-districts/m/atlanta-metro-area, 2021, p. 3. Georgia Trend Magazine. “Canton, Cherokee County- Outstanding Opportunity.” https://www.georgiatrend.com/2021/01/31/our-state-canton-cherokee-county-outstanding-opportunity/, 31 Jan. 2021, p. 2.
There are risks associated with participating in the offering. An investment in the Trust is speculative and illiquid, and involves significant risks, including the possibility of losing all invested capital. This material does not constitute an offer to buy or sell any securities and is authorized for use only when accompanied by the Confidential Private Placement Memorandum of CX Heritage, DST (the “Memorandum”). Reference is made to the Memorandum for a statement of risks and terms of the CX Heritage, DST offering and qualifications and assumptions regarding forward-looking information. The information set forth herein is qualified in its entirety by the Memorandum. No person will be permitted to invest without acknowledging that they received the memorandum and completed their review including, but not limited to, the risk factors contained therein. Securities are being offered through Orchard Securities, LLC, member FINRA/SIPC. Orchard Securities and Carter Exchange are not affiliated.
Company
Carter Exchange
Location
Canton, GA
Overview
Located in Canton, GA, Heritage consists of 240 apartment homes with 1-, 2-, and 3-bedroom floorplans and provides convenient access to large area employers, a historical downtown, and quality educational institutions.
This offering is closed to new subscriptions. Please contact your financial advisor for more information.