Cove Capital Investments, LLC, a Los Angeles-based Delaware Statutory Trust (DST) sponsor and real estate investment firm, has completed the acquisition of its Rogers Business Park Opportunity 73 DST, a Regulation D, Rule 506(c), in Fulshear, TX. 

The firm is targeting just over $23.1 million for the offering. 

“The [multi-tenant flex industrial and mixed-use] property is 96.41% occupied with recent tenant lease extensions and renewals, showing strong tenant commitment to the location,” said Dwight Kay, managing member and founding partner of Cove Capital Investments. 

The property was purchased as part of the firm’s portfolio of debt-free DST real estate assets for 1031 exchange and direct cash investors, added Kay. 

“Just north of downtown Fulshear, the property is strategically positioned in the direct path of growth,” said Chay Lapin, managing member and founding partner of Cove Capital Investments. “Within one mile of the property, there are seven additional master-planned communities being developed, set to deliver over 9,000 new homes.” 

Cove Capital Investments operates a portfolio of over 2.2 million square feet of real estate in 33 states. 

Last month, the firm completed another Texas deal with the acquisition of its Business Park Opportunity 76 DST. The 39,000 square foot multi-tenant industrial and mixed-use property is in Pearland. 

Pictured: Rogers Business Park, Fulshear, TX.