Cove Capital Fully Subscribes $23.1M Texas Industrial DST Offering 

Cove Capital Investments, LLC has fully subscribed its Rogers Business Park Opportunity 73 DST, a Regulation D, Rule 506(c) Delaware Statutory Trust offering, raising more than $23.1 million. The firm announced in April that it completed the acquisition of its offering. 

The flex industrial mixed-use property is in Fulshear, TX and is considered “ground zero” for its growth and development, according to Cove Capital. The asset was acquired below replacement cost and is currently 95.22% occupied. Like many of Los Angeles-based Cove Capital’s acquisitions, the Rogers Business Park Opportunity 73 DST was acquired with 0% leverage. 

“We extend our sincere thanks to all our clients who invested in this DST, as well as to the many members of the Cove selling group, including broker/dealers, registered representatives, and RIAs,” said Dwight Kay, managing member and founding partner of Cove Capital Investments.   

Last week, the firm announced it fully subscribed its Eastwood Village Opportunity 71 DST, raising $22.8 million. In March, the firm fully subscribed its Cove Net Lease Distribution 66 DST, raising just over $3.8 million. 

Meanwhile, the firm has acquired several properties in recent months for various offerings, including the purchase of The Peanut Factory Lofts, a multifamily asset in downtown San Antonio, TX for its Cove Capital San Antonio Multifamily 74 DST; three net lease industrial distribution centers on behalf of its Cove Net Lease Industrial 77 DST; three net lease properties for its Cove Essential Net Lease 81 DST; and a net lease property for Cove Tractor Net Lease 79 DST.  

The firm operates a portfolio of over 2.4 million square feet of real estate in 33 states across the country. 

Pictured: Fulshear, TX industrial property