Cove Capital
Cove Capital Investments, LLC a Delaware Statutory Trust sponsor company, announced it has successfully completed the purchase of three net lease industrial distribution centers. The purchase is the firm’s Cove Net Lease Industrial 77 DST, a Regulation D, Rule 506(c) offering that is targeting to raise $13,389,616.00.
According to Dwight Kay, Managing Member and Founding Partner of Cove Capital Investments, the assets were purchased by Cove Capital as part of its growing portfolio of debt-free Delaware Statutory Trust real estate assets for 1031 exchange and direct cash investors.
“We are excited to add three additional industrial net lease distribution assets to our Cove portfolio”, said Dwight Kay, Managing Member and Founding Partner of Cove Capital Investments. “The Cove Net Lease Industrial 77 DST consists of a strong tenant lineup and provides our investors with a diversified and strong essential net lease DST portfolio that is potentially both recession and pandemic resistant,” said Kay.
Like many of Cove Capital’s real estate acquisitions, the Cove Net Lease Industrial 77 DST was acquired with 0% leverage for those investors who want to potentially mitigate risk by investing in a debt-free DST offering with no risk of lender foreclosure or lender cash flow sweeps.
“The two newly constructed Texas distribution centers both have 10 year industrial net leases with annual rental increases. The third distribution center is located in Arkansas and the tenant has shown strong commitment to the location thru a recent lease extension,” said Cove Capital’s Managing Member and Founding Partner, Chay Lapin.
“Our Cove Acquisitions Team identified these three assets as an excellent addition to our Cove portfolio. Like many of Cove Capital’s real estate acquisitions, the Cove Net Lease Industrial 77 DST was acquired with 0% leverage for those investors who want to potentially mitigate risk by investing in a debt-free offering with no risk of lender foreclosure or lender cash flow sweeps. This offering consists of properties leased to tenants who are potentially both recession and pandemic resistant as well as provides meaningful monthly income potential to our investors via in place leases,” said Lapin.
About Cove Capital Investments
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. Over 1,700 investors have trusted Cove Capital with their 1031 exchange and investment dollars, many of them being repeat investors in multiple DST offerings over the years. Our offerings are attractive to those investors seeking to lower risk potential as the majority of Cove Capital’s DST offerings are debt free (no mortgage – no lender foreclosure risk). To sign up for a list of the current Cove Capital offerings available for 1031 exchange and direct investments please visit www.covecapitalinvestments.com.
For further information, please visit www.covecapitalinvestments.com or contact Cove Capital at (877) 899-1315 and via email at info@covecapitalinvestments.com.
