Allegiant-Carter Management, the internal management company of Carter Funds, is focused on creating value at our properties through strategic renovations and enhanced operations based on institutional best practices. Below are sample before and after photos demonstrating how we transform under-managed Class B/C acquisitions into modern, yet cost-conscious, apartments targeting Middle Market Americans in areas of the country experiencing high job and population growth.

HERITAGE AT RIVERSTONE | Canton, GA

ACQUIRED July 19, 2019 FOR $32.2M
SOLD September 17, 2021 FOR $48.5M

2626 PARK | Tallahassee, FL

ACQUIRED January 18, 2019 FOR $41.8M
SOLD November 3, 2021 FOR $52.1M

TEN35 ALEXANDER | Augusta, GA

ACQUIRED July 19, 2019 FOR $21.6M
SOLD August 30, 2021 FOR $36M

PEPPERTREE LANE | Jacksonville, FL

ACQUIRED April 25, 2018 FOR $12M
SOLD December 20, 2019 FOR $16.2M

FALLS AT SPRING CREEK | Macon, GA

ACQUIRED July 19, 2019 FOR $23.3M
SOLD September 15, 2021 FOR $35.5M

KESSLER POINT | Garden City, GA

ACQUIRED May 31, 2019 FOR $12.0M
SOLD September 15, 2021 FOR $14.6M

ASCEND AT SAVANNAH | Savannah, GA

ACQUIRED February 14, 2019 FOR $13.2M
SOLD September 15, 2021 FOR $19M

ASCEND MIDTOWN | Savannah, GA

ACQUIRED May 31, 2019 FOR $15M
SOLD September 15, 2021 FOR $19.4M

PELICAN POINTE | Slidell, LA

ACQUIRED October 12, 2018 FOR $28.6M
SOLD September 15, 2021 FOR $42M

OAKS ON MONUMENT | Jacksonville, FL

ACQUIRED December 21, 2018 FOR $23.2M
SOLD June 10, 2021 FOR $31M

LAUREL POINTE | Jacksonville, FL

ACQUIRED November 28, 2018 FOR $13M
SOLD June 10, 2021 FOR $18M

SUMMER TRACE| Gulf Shores, AL

ACQUIRED March 27, 2019 FOR $11M
SOLD September 15, 2021 FOR $17.5M

THE ARBORS | Garden City, GA

ACQUIRED May 31, 2019 FOR $12.9M
SOLD September 15, 2021 FOR $13.6M

SIGNATURE PLACE | Greenville, NC

ACQUIRED August 8, 2018 FOR $14.8M
SOLD November 3, 2021 FOR $21.3M

All properties shown above are either previously or currently owned by Carter Multifamily Funds.

Past performance is not indicative of future results.

Risk Factors

Any investment is highly speculative and involves a high degree of risk, including the risk of loss of your entire investment. You should carefully consider the risk factors and information set forth immediately below, as well as all information set forth in any offering materials prepared by Carter Multifamily, before deciding to invest in a Carter Multifamily offering. The following are some, but not all, of the risks you will take if investing with Carter Multifamily:

• Carter Multifamily offerings may be “blind pool” offerings, which means there are no properties or assets to evaluate prior to your investment. You will not be able to evaluate all of our investments prior to purchasing units and making any investment. We may change our investment policies without unitholder consent, which could result in investments that are different from those described in any offering materials.
• We will depend on our advisor and its key personnel to select investments and conduct our operations. Adverse changes in the financial condition of our advisor or our relationship with our advisor or its key personnel could adversely affect us.
• Offering prices of our units are established on an arbitrary basis, and the actual value of your investment may be substantially less than what you pay for units.
• We may not achieve investment results that will allow us to make periodic distributions or to maintain a specified level of distributions. Accordingly, there is no guarantee of distributions or cash flow. Additionally, you may lose all or a portion of your investment.
• We may pay, and have no limit on the amounts we may pay, distributions from any source, including from sources other than cash flows from operations. We may use proceeds from our offerings, the sale of assets, advances and financings to fund distributions. Any distributions from sources other than cash flows from operations may reduce the amount of capital we ultimately invest in real estate and negatively impact the value of your investment. As a result, the amount of distributions paid at any time may not reflect the performance of our properties or our cash flows from operations.
• No public market currently exists for our units, and none is expected to develop; therefore, our units are illiquid. Therefore, if you purchase units in a Carter Multifamily offering, it will be difficult for you to sell your units and, if you are able to sell your units, you will likely sell them at a substantial discount. We cannot assure you that we will be able to achieve a liquidity event.
• Our units are illiquid and subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under Securities Act of 1933, as amended, and applicable.
• State securities laws pursuant to registration or exemption therefrom.  Persons who require immediate liquidity or guaranteed income, or who seek a short-term investment, are not appropriate investors for us, as our units will not meet those needs.
• There are substantial conflicts among the interests of our investors, our interests and the interests of our advisor, sponsor, our respective affiliates, dealer manager and placement agent regarding compensation, including compensation which may be required to be paid to our advisor if our advisor is terminated, investment opportunities and management resources. The agreements governing the fees we pay to affiliates were not all determined on an arm’s-length basis and may require us to pay more than we would if we were only using unaffiliated third parties.
• We expect to incur debt, which could adversely impact your investment if the value of the property securing the debt falls or if we are forced to refinance the debt during adverse economic conditions.
• Offerings are typically newly formed companies with no operating history. We are subject to all of the business risks and uncertainties associated with any new business, including the risk that we will not achieve our investment objectives and that the value of units could decline substantially.
• If we fail to qualify as a REIT, the amount of income available for distributions to be paid to you would be reduced. To assist us in qualifying as a REIT, among other purposes, unitholders generally are restricted from owning more than 9.8% in value or in number of units (whichever is more restrictive) of the aggregate of our outstanding units and more than 9.8% in value of the aggregate of any class or series of our outstanding units. In addition, our limited liability company agreement contains various other restrictions on ownership and transfer of units.
• Value-add multifamily investments may entail risks associated with property renovations, multifamily risks, and owning Class B & C properties.