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.

LOS ANGELES, 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.

About Cove Capital Investments

Cove Capital Investments is a Delaware Statutory Trust sponsor company that operates a portfolio of over 2.5 million square feet of real estate in 33 states nationwide. Over 1,900 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 [email protected].

*Past performance is no guarantee of future results.

* Diversification does not guarantee profits or protect against losses.

*This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the “Memorandum”). Please read the entire Memorandum paying special attention to the risk section prior to investing. This material contains information that has been obtained from sources believed to be reliable. However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Securities offered through FNEX Capital, member FINRA, SIPC.

SOURCE Cove Capital Investments