Cove Capital Acquires Three Properties for $19M Net Lease DST Offering 

Cove Capital Investments announced it has completed the purchase of three net lease properties as part of its Cove Essential Net Lease 81 DST, a regulation D Rule 506c Delaware Statutory Trust (DST) offering that is looking to raise just over $19 million. 

In line with the firm’s strategy, the DST was acquired with no leverage and the assets are part of its portfolio of debt-free real estate assets for 1031 exchange and direct cash investors. Each property is corporately backed and 100% occupied. 

“The three-property debt-free offering is presented to investors with 0% leverage, eliminating long term balloon mortgages, prepayment penalties, go dark clauses, cash flow sweep clauses, foreclosure and other risks associated with leverage,” said Dwight Kay, managing member and founding partner of Cove Capital Investments. 

The Los Angeles-based real estate investment firm announced last week that it completed the purchase of three net lease industrial distribution centers through the firm’s Cove Net Lease Industrial 77 DST, an offering targeting $13,389,616.00. The assets include two Frito Lay Distribution Centers in Texas and a FedEx Distribution Center in El Dorado, Arkansas. 

Cove Capital Investments is a Delaware Statutory Trust sponsor company that operates a portfolio of over 2.3 million square feet of real estate in 33 states nationwide.