CX Lively Indigo Run, DST
1031 Exchange/DST
Located in Ladson, South Carolina, the Property is a 302-unit garden-style multifamily apartment complex with modern amenities and finishes. The Property was built in 2019 and features 10 buildings across 21.69 acres. The unit mix includes 20 studio units, 129 one-bedroom units, 129 two-bedroom units and 24 three-bedroom units. Community amenities include a business center, car care station, cozy fire pit, clubhouse with charging stations, community lounge area, resort-style saltwater swimming pool, bark park and more.
The Property is located in the North Charleston submarket, which is home to some of the largest employers in the Charleston MSA. Joint Base Charleston, Boeing and Trident Health Systems are located in North Charleston and contribute total more than 30,000 jobs to the Charleston MSA. Other nearby employers include Bosch, Mercedes-Benz and the Charleston International Airport Manufacturing jobs have a favorable outlook due to the expansion of international manufacturers, including Boeing, Volvo, and Mercedes-Benz. Walmart, T-Mobile and TELUS International recently announced expansions in the Charleston MSA, adding thousands of new jobs. The Charleston MSA is home to the Port of Charleston, which is one of the busiest ports in the United States and has experienced upgrades, expansions and new tenant arrivals in recent years.*
Charleston has seen growth in several forms, leading to record rent growth: migration to coastal locales, wage growth, and new household formation. Construction, transportation and logistics have stabilized overall employment since January 2020. Year-over-year job growth as of the end of 2021 was particularly strong in Leisure/Hospitality and Trade/Transportation/Utilities, at 8.2% and 7.3%, respectively. Job growth in the Charleston MSA slightly outpaced the nation (4.3% compared to 4.1%) at the end of Q4 2021. Unemployment is a full percentage point lower than the national average, 3.2% in the Charleston MSA compared to 4.2% nationwide.**
*CoStar Group, Inc. “Underwriting Report: 9255 Blue House Rd, The Lively Indigo Run, Ladson, South Carolina.” Generated 20 Apr. 2022. p. 124. National Association of Realtors. “NAR Commercial Real Estate Metro Market Report: 2021 Q4: Charleston-North Charleston, SC.” 2022, pp. 1-2, https://cdn.nar.realtor/sites/default/files/documents/2021-q4-commercial-real-estate-metro-market-reports-sc-01-19-2022.pdf. National Association of Realtors. “NAR Commercial Real Estate Metro Market Report: 2021 Q4: Charleston-North Charleston, SC.” 2022, pp. 1-2, https://cdn.nar.realtor/sites/default/files/documents/2021-q4-commercial-real-estate-metro-market-reports-sc-01-19-2022.pdf. Parker, Zach. “Why Charleston SC Is One of The Nation’s Hottest Real Estate Markets.” Realty Biz News, 25 Feb. 2022, p. 1-2, https://realtybiznews.com/why-charleston-scis-one-of-the-nations-hottest-real-estate-markets/98767415/. U.S. Census Bureau & Applied Geographic Solutions. “Complete Profile, 2010-2020 Census, 2021 Estimates with 2026 Projections: 9255 Blue House Rd, Ladson, SC 29456.” Calculated by SitesUSA, 2022, pp. 1-9.
**CoStar Group, Inc. “Underwriting Report: 9255 Blue House Rd, The Lively Indigo Run, Ladson, South Carolina.” Generated 20 Apr. 2022. p. 100.
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 Lively Indigo Run, DST (the “Memorandum”). Reference is made to the Memorandum for a statement of risks and terms of the CX Lively Indigo Run, 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
Ladson, SC
Overview
The Lively Indigo Run is located in Ladson, SC, part of the Charleston MSA. The property is a garden-style multifamily property with 302 apartment homes in an area with strong job growth, median earnings, and a high standard of living.
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