CX Reagan Crossing, DST
1031 Exchange/DST
Located in Covington, LA, the Property is comprised of 288 apartment homes across 12 residential buildings. The Property features a garden-style multifamily apartment complex with modern amenities and finishes. The Property was built in 2017 and is in like-new condition. It’s located in an attractive suburban area on the forested north shore of Lake Pontchartrain.
Within commuting distance to New Orleans, which is 42 miles south. Reagan Crossing is located 2.3 miles from downtown Covington, just west of where N. Collins Blvd. meets LA Highway 25, the area’s main intersection. The area features compelling demographics and a favorable “live, work, play” environment for target tenant base.
St. Tammany Parish, also known as the Northshore due to its location north of Lake Pontchartrain, is home to several affluent suburbs near Mandeville, Covington, Madisonville, and Slidell. Job growth is the submarket’s strong point, and employment is comparable to that of downtown New Orleans, but median incomes are much higher.*
Source: CoStar, 1/10/2020
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 Reagan Crossing, DST (the “Memorandum”). Reference is made to the Memorandum for a statement of risks and terms of the CX Reagan Crossing, 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
Covington, LA
Overview
Located in Covington, LA, Reagan Crossing consists of 288 apartment homes with 1-, 2-, and 3-bedroom floorplans and provides convenient access to St. Tammany Parish and New Orleans.
This offering is closed to new subscriptions. Please contact your financial advisor for more information.