CX Foundry Yards, DST
1031 Exchange/DST
Located in the Birmingham MSA, the Property is located in Birmingham, Alabama, the Property is a 268-unit midrise multifamily apartment complex with modern amenities and finishes. The Property was built in 2021, and it includes two residential buildings and a six-level parking garage situated on 2.905 acres. The unit mix includes 46 studio units, 150 one-bedroom units and 72 two-bedroom units. Property amenities include a 24/7 controlled access package room, two dog parks, bicycle storage and repair facility, outdoor kitchen with grilling stations, gas fire pit with lounge seating, private co-working spaces, resort-style saltwater swimming pool with sun shelf and tanning ledge, fitness center, and more.
Alabama’s pro-business climate is characterized by its comprehensive right-to-work laws, ease of environmental permitting, and a positive government attitude toward new and expanding businesses. Incentives also drive down the cost of doing business, making it the number two state in cost effectiveness. Alabama has a speedy permitting process and a
favorable regulatory environment, which makes the state among the best in the nation for doing business.*
Employment in the Birmingham MSA remains strong and diverse. The unemployment rate is the second-lowest among mid-size metropolitan areas in the United States.** Resilient sectors make up the bulk of jobs in the Birmingham MSA: Trade, Transportation, and Utilities comprise nearly 20% of jobs, Government makes up another 15.8%, and Education & Health Services rounds out 14.1% of total employment. These sectors combined made up 40% of job growth in the Birmingham MSA.***
*“Birmingham: Economy.” City-Data.com, 2022, p.2, https://www.city-data.com/us-cities/The-South/Birmingham-Economy.html. Kaelble, Steve. “The 2021 Top States for Doing Business Reflect Their Locational Advantages.” Area Development, July 2021, p. 5, https://www.areadevelopment.com/Top-States-for-Doing-Business/Q3-2021/top-states-for-doing-business-reflect-locational-advantages.shtml.
Kaelble, Steve. “The 2021 Top States for Doing Business Reflect Their Locational Advantages.” Area
Development, July 2021, p. 9, https://www.areadevelopment.com/Top-States-for-Doing-Business/Q3-2021/
top-states-for-doing-business-reflect-locational-advantages.shtml
**23 – Mena, Bryan. “Welcome to Birmingham, Ala., One of the U.S.’s Tightest Labor Markets.” Wall Street Journal, 7 Aug. 2021, p. 1, https://www.wsj.com/articles/welcome-to-birmingham-ala-one-of-the-u-s-s-tightest-labormarkets-11628328600. Axiometrics. “Market Performance Summary: Birmingham-Hoover, AL, Fourth Quarter 2021.” RealPage, Inc., 2022, p. 4. Axiometrics. “Market Performance Summary: Birmingham-Hoover, AL, Fourth Quarter 2021.” RealPage, Inc., 2022, p. 4
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 Foundry Yards, DST (the “Memorandum”). Reference is made to the Memorandum for a statement of risks and terms of the CX Foundry Yards, 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
Birmingham, AL
Overview
Foundry Yards is located in Birmingham, AL, and is a midrise multifamily property with 268 apartment homes. The property provides convenient access to major employers, quality educational institutions, an affordable urban lifestyle, and a central location in the city’s vibrant downtown.
This offering is closed to new subscriptions. Please contact your financial advisor for more information.