Cove Capital Launches $27.6M Five State, Five-Asset DST Offering
Cove Capital Investments, LLC has launched its Cove Diversified Portfolio 88 DST, a new $27.6 million Delaware Statutory Trust (DST) offering structured under Regulation D, Rule 506(c). The diversified portfolio includes five institutional-quality commercial properties across five key U.S. markets, totaling approximately 211,000 square feet of industrial distribution, essential net lease, and multi-tenant retail assets.
“The portfolio’s net lease and logistics/distribution assets provide the potential for predictable income, while its multi-tenant retail asset positions investors to potentially capitalize on value-add upside potential and a diversified tenant base,” said Dwight Kay, Cove Capital Investments Founding Member.
Founding Member Chay Lapin emphasized that, in line with Cove Capital’s investor-first approach, the firm’s principals will invest their own capital alongside investors. Lapin also underscored the flexible exit strategy embedded in the offering. “It’s important for investors to understand that the Cove Diversified Portfolio 88 DST offers the potential for a completely voluntary 721 Exchange rollup as an exit pathway,” said Lapin. “In other words, investors will retain the freedom to opt into a future 721 UPREIT transaction—or decline—based entirely on their individual preferences.”
The new launch follows Cove’s momentum in the DST space, including its recent Cove Essential Net Lease Portfolio 90 DST, seeking to raise $12.76 million, and fully subscribed offerings such as the $16.5 million General Time Industrial Park Opportunity 84 Delaware Statutory Trust (DST) offering, located in Athens, GA. Other notable transactions include the $9.1 million NorthPark Shopping Center Opportunity 78 DST, the $18.7 million Cove San Antonio Multifamily 74 DST, and the $5.8 million Essential Net Lease Industrial 87 DST in the Southwest distribution corridor.
Headquartered in Los Angeles, Cove Capital Investments operates a portfolio spanning more than three million square feet across 35 states nationwide, offering debt-free DST programs tailored for 1031 exchange and direct cash investors.
