CX Highland, DST
1031 Exchange/DST
Located less than one mile from Augusta National Golf Course, the Highland is located in the National Hills area of Augusta. It’s a 252-unit garden-style multifamily apartment complex with modern amenities and finishes. The Property was built in 2020-2021, and it includes 12 residential apartment buildings situated on 20.46 acres. The unit mix includes 150 one-bedroom units and 102 two-bedroom units. Property amenities include a resort-style pool with sun shelf, expansive outdoor lounging areas, fitness center with yoga studio, community room with kitchen, fireplace, billiards, co-working office spaces, outdoor game lawn, outdoor summer kitchen and alfresco dining, pet park, enclosed mail room, bike stations and more.
From 2014 to 2019, the average annual job growth rate in the Augusta-Richmond County MSA was 4.1%, resulting in 243,300 total jobs in 2019. In 2019, the biggest employment sectors were Government, which employed 19% of the market at 45,900 jobs; Trade, Transportation and Utilities, which employed 17% of the market at 40,500 jobs; and Education and Health Services, which employed 15% of the market at 35,400 jobs. As of May 2021, the unemployment rate was 3.7%, much lower than the national unemployment rate of 5.8%. With area construction, investment and expansion of companies and institutions such as Amazon, Club Car, the Army Cyber Command Complex and Plant Vogtle, the types of occupations expected to grow are as diverse as these industries, attracting a variety of talent, skill-levels and pay grades in the customer service, logistics, manufacturing, nuclear science, technology and cybersecurity fields.*
The cost of living in the Augusta-Richmond County MSA is attractive to new residents particularly because housing costs are approximately 39% lower than the national average and the cost of living is approximately 18% lower than the national average. The city of Augusta is home to a large renter population with 48% of all households renting, which is greater than both the state of Georgia (37%) and the Augusta-Richmond County MSA overall (33%). On average, the median monthly cost of renting a home in the city of Augusta is 23% less expensive than the monthly cost of a mortgage. The median annual household income within three miles of the Property is $71,023, which has caused a very low rent-to-income ratio of 15%.**
*Business & Industry, Augusta Economic Development Authority, https://augustaeda.org/business-industry, 7 Jun. 2021. p. 2 U.S. Census Bureau QuickFacts for Augusta, Georgia, and the Augusta MSA, https://www.census.gov/quickfacts/fact/table/GA,augustarichmondcountybalancegeorgia/PST045219, 1 Jul. 2019, p. 1 U.S. Census Bureau QuickFacts, https://www.census.gov/quickfacts/augustarichmondcountybalancegeorgia, 2019, p. 14 Pace of Employment Gain – Augusta-Richmond County, GA-SC: 1990-2020, Axiometrics, Sept 2021, p. 1 Pace of Employment Gain – Augusta-Richmond County, GA-SC: 1990-2020, Axiometrics, Sept 2021, p. 1 U.S. Bureau of Labor Statistics, Unemployment Rate in Augusta-Richmond County,GA-SC (MSA) [AUGU213URN], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/AUGU213URN, 29 Sept, 2021, p. 1 U.S. Bureau of Labor Statistics, Unemployment Rate [UNRATE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/UNRATE, 29 Sept, 2021, p. 1 ** Southerland, Randy. 2021 Economic Yearbook: East Central. Georgia Trend Magazine, https://www.georgiatrend.com/2021/03/31/2021-economic-yearbook-east-central/, 31 May 2021, pp. 1-2
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 Highland, DST (the “Memorandum”). Reference is made to the Memorandum for a statement of risks and terms of the CX Highland, 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
Augusta, GA
Overview
Located in Augusta, GA, Highland consists of 252 apartment homes with 1- and 2-bedroom floorplans and provides convenient access to major employers, the seat of state government, a historical downtown, and quality educational institutions.
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