Cove Capital Launches Debt-Free Industrial DST in Anchorage 

Cove Capital Investments, LLC has launched the Essential Net Lease Industrial 108 DST, a Regulation D, Rule 506(c) offering seeking to raise more than $9.7 million in equity through a newly acquired 30,554-square-foot industrial facility in Anchorage, Alaska.  

The property is 100% occupied by a publicly traded, recession-resistant tenant whose national distribution platform is regarded as an industry standard for logistics efficiency, according to Co-Founder and Managing Member Dwight Kay. 

“This is a very unique DST offering for several reasons. First, the Alaska location provides investors access to a quality industrial distribution asset in a region where there is a limited inventory of logistics assets, and high barriers of entry for new developments,” said Kay. 

In line with Cove Capital’s broader platform, the Cove Essential Net Lease Industrial 108 DST was acquired in an all-cash transaction and is being offered to investors on a debt-free basis. 

“It is also important for investors to recognize that the Cove Essential Net Lease 108 provides for a 721 Exchange fully optional exit strategy. Unlike many DST offerings that are forced into a 721 UPREIT, our investors will be able to carefully analyze important due diligence metrics prior to participating in the 721 Exchange,” added Chay Lapin, Managing Member and Co-Founder of Cove Capital Investments. 

Cove Capital Investments is a Delaware Statutory Trust sponsor that oversees a portfolio of more than 3.5 million square feet of real estate across 33 states, with a focus on net lease, debt-free, and tax-advantaged real estate strategies. 

Pictured: Industrial asset in Anchorage, AK.