#USA #Burlington #Carter Exchange #Retreat at the Park #Burlington, NC

Carter Exchange Sells the Retreat at the Park in Burlington, NC

Carter Exchange Fund Management Company, LLC, renowned for its tax-advantaged investment strategies in real estate, has made headlines with its recent sale of the Retreat at the Park, a multifamily property located in Burlington, North Carolina. The property was sold for a substantial $48 million on January 21, 2026, delivering an impressive total return of 55.4% to its DST investors.

Details of the Property

The Retreat at the Park is a garden-style apartment community that was developed in 2015 and comprises 249 apartment homes spread across 11 residential buildings. Over its hold period of 5.75 years, Carter Exchange enhanced the community, driving an average monthly rent increase of 20.1%, coupled with a remarkable average occupancy rate of 95.5%. The appeal of the Retreat lies not just in its beautiful apartment homes but also in the upscale amenities it offers, including a:

• - Clubhouse with a lounge and game room
• - Cybercafé
• - Fitness center
• - Resort-style saltwater swimming pool
• - Outdoor entertainment area with a fireplace.

Value Enhancement Strategies

To bolster the asset's value further, Carter Exchange's in-house management company, Allegiant-Carter Management, undertook significant upgrades to the apartment homes. The strategic enhancements — including the installation of upgraded flooring and new washers/dryers — resulted in a 37.7% return on invested capital.

Dallas Whitaker, CEO of Carter Exchange, commented on the sale, asserting, "The sale of Retreat at the Park demonstrates the effectiveness of our acquisition strategy and in-house management capabilities." He highlighted how Burlington’s metro area has seen a population growth of 12.9% since 2010, largely due to its central location close to significant employment hubs like Greensboro and the Raleigh-Durham area. This trend makes the region a cost-effective alternative for prospective renters seeking quality living spaces.

Market Positioning and Strategic Execution

Carter Exchange successfully executed its business plan, marketing the asset effectively and yielding a strong outcome for its investors. Not only did the sale generate liquidity, but it also provided investors with the chance to reinvest their sale proceeds through a subsequent tax-deferred exchange, maintaining their financial momentum.

Carter Exchange has a robust portfolio currently exceeding $2.05 billion across various asset classes in 10 states, positioning itself as a formidable player in the investment sector. Across the broader Carter Funds platform, it manages a total of $4.3 billion in assets, which includes multifamily, industrial, and data center real estate.

Conclusion

This sale is a testament to Carter Exchange's adept market strategy and commitment to delivering substantial returns to its investors. With its proven track record and continued growth in property management, Carter Exchange remains a pivotal force in the real estate investment landscape. For more information about Carter Exchange and its offerings, visit Carter Exchange Website.