CX Liberty Mill, DST
1031 Exchange/DST
The Property is a 304-unit garden-style multifamily complex located in Germantown, Maryland. Built in 2015, the Property includes three residential apartment buildings situated on 8.47 acres. The unit mix includes two studio units, 139 one-bedroom units, 158 two-bedroom units and 5 three-bedroom units. Community amenities include a clubhouse with lounge, state-of-the-art fitness center, theater room, conference room, culinary lounge with demonstration kitchen, game room, resort-style pool with sundeck, outdoor firepit, game yard, playground, electric car charging station and dog park with pet spa and more.
Maryland ranks first among states for the highest concentration of STEM jobs, where 32% of adults over age 25 have a master’s degree or higher. Montgomery County is home to the world’s largest researcher, the National Institutes of Health, which awards $41 billion annually towards scientific research. The United States Food and Drug Administration is located in the Washington MSA. In total, 18 federal agency headquarters are located in Montgomery County.*
Germantown offers the proximity of big city living and the affordability and amenities of suburban life. In Germantown, 37% of units are rentals and the average multifamily rent is 32% lower than mortgages across Montgomery County. The cost of living in Germantown is 23% lower than Washington, D.C.’s cost of living. Residents enjoy numerous outdoor and cultural activities, with nearby forests, farms, golf courses, water parks and athletic fields and complexes. Washington, D.C. is a short trip from Germantown. Residents have access to 84 museums in Washington, D.C., including 21 Smithsonian Museums. Washington, D.C. is home to major performing arts venues and sports stadiums such as the Kennedy Center, the National Theatre, FedEx Field and Nationals Park.**
*Montgomery County Economic Development Corporation. “Montgomery County, Maryland is Built for Bio.” 2021, https://thinkmoco.com/built-for-bio, p. 2. Montgomery County Economic Development Corporation. “Montgomery County, Maryland is Built for Bio.” 2021, https://thinkmoco.com/built-for-bio, p. 2.
**U.S. Census Bureau. “Tenure by Units in Structure.” American Community Survey 1-year Estimates, Retrieved from Census Reporter, 2019, https://censusreporter.org/data/table/table=B25032&geo_ids=16000US2432025&primary_geo_id=16000US2432025#, p. 1. U.S. Census Bureau. “QuickFacts Germantown CDP, Maryland; Montgomery County, Maryland.” QuickFacts, https://www.census.gov/quickfacts/fact/table/germantowncdpmaryland,montgomerycountymaryland/PST045219, 2021 p. 1. Sperling’s Best Places. “Cost of Living in Washington, District of Columbia.” Sep. 2019, https://www.bestplaces.net/cost_of_living/city/district_of_columbia/washington, p. 1. Sperling’s Best Places. “Cost of Living in Germanton, Maryland.” Sep. 2019, https://www.bestplaces.net/cost_of_living/city/maryland/germantown, p. 1. Yelp. “Best things to do in Germantown, MD.” Accessed 25 Oct. 2021, https://www.yelp.com/search?find_desc=things+to+do&find_loc=Germantown%2C+MD, pp. 1-2. Montgomery Countryside Alliance. “Exploring the Reserve.” 2017, http://www.mocoalliance.org/uploads/4/8/8/6/48867647/mca_agbrochure2017_print.pdf, p. 1. CBRE. “Why D.C.?” 2020, https://www.cbre.us/research-and-reports/Why-DC-2020, p. 23. CBRE. “Why D.C.?” 2020, https://www.cbre.us/research-and-reports/Why-DC-2020, 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 Liberty Mill, DST (the “Memorandum”). Reference is made to the Memorandum for a statement of risks and terms of the CX Liberty Mill, 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
Germantown, MD
Overview
Liberty Mill is located in Germantown, MD within the Washington, D.C. market. Liberty Mill is a garden-style multifamily property with 304 apartment homes surrounded by walkable shopping and dining, proximity to large area employers, and quality educational institutions.
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