Cove Capital Investments Fully Subscribes a Three Property Industrial Debt Free DST Portfolio — The Net Lease Industrial 77 Delaware Statutory Trust Offering
Cove Capital announces another fully subscribed DST offering on behalf of 1031 exchange investors.
BISWIRE/Dec. 18, 2024 — Cove Capital Investments, LLC, a DST sponsor company that specializes in providing accredited investors access to debt-free investment options for their 1031 exchange and direct cash investments, announced its Net Lease Industrial 77 DST, a Regulation D, Rule 506(c) Delaware Statutory Trust offering, is fully subscribed. The total amount of equity raised for the offering was $13,389,616.00.
“We would like to express our sincere gratitude to all of the many clients who invested in this DST, as well as to the members of the Cove Capital selling group, including Broker/Dealers, Registered Representatives, and RIAs. With this milestone, the Cove Capital Investments portfolio now encompasses over 2.5 million square feet of properties across 33 states,” said Dwight Kay, Managing Member and Founding Partner of Cove Capital Investments.
The Cove Net Lease Industrial 77 DST was designed for 1031 exchange and direct cash investors who were seeking a diversified debt free DST portfolio. Featuring three industrial properties with 0% leverage, the offering eliminates risks associated with debt, such as balloon mortgages, prepayment penalties, and foreclosure. The DST is designed to provide potential monthly distributions and tax benefits to help shelter rental income.
“The diversified portfolio consists of three net-leased industrial properties with tenants that are potentially recession- and pandemic-resistant, offering meaningful monthly income potential through long-term leases,” said Chay Lapin, Managing Member and Founding Partner of Cove Capital Investments.
Cove Capital Investments recognized early on that there was a void in the marketplace for high-quality, debt-free 1031 exchange DST real estate investment options like the Net Lease Industrial 77 DST, which provides greater flexibility for investors. With this offering’s completion, now over 1,900 investors have chosen Cove Capital as their Delaware Statutory Trust sponsor company and investment partner. This level of investor participation is a direct reflection of the Cove Capital difference in providing best in class investment opportunities for investors nationwide.
