Cove Capital announces another fully subscribed DST offering on behalf of accredited investors, broker-dealers, RIA’s, and registered representatives.
(Los Angeles, CA) Cove Capital Investments, LLC, a Delaware Statutory Trust sponsor company that specializes in providing accredited investors access to debt-free investment options for their 1031 exchange and direct cash investments, announced its Cove Texas Net Lease 63 DST, a regulation D Rule 506c Delaware Statutory Trust offering, is fully subscribed. The total amount of equity raised for the offering was $10,444,211.00.
According to Dwight Kay, Managing Member and Founding Partner of Cove Capital Investments, the 1031 exchange DST offering was made available to accredited 1031 exchange and direct cash investors as an all-cash/debt-free DST offering designed to potentially mitigate risk of lender foreclosure or lender cash flow sweeps. The 16,297 square-foot property is located in Lewisville, a dynamic suburban community in the thriving Dallas-Fort Worth Metroplex.
“We would like to thank each of our clients who invested in this DST and all of the members of the Cove selling group including Broker/Dealers, Registered Representatives, and RIAs,” said Kay.
Kay explained that the Cove Texas Net Lease 63 DST is a Corporate Net Lease investment with a brand new 20-year lease with annual rent increases and has a full corporate guaranty on the lease.
“Our tenant has numerous locations nationally and globally with plans to continue the expansion of their business model. We felt confident our investors would be attracted to the type of asset, location, the tenant, and the overall business strategy set forth in the Private Placement Memorandum,” said Kay.
“In addition, the property is located in the state of Texas which is first, an income tax free state and second, considered by many to be very business friendly. We felt confident in the tenant, location and debt free nature of the offering and so did the many 1031 exchange investors that participated in this offering,” said Chay Lapin, Managing Member and Founding Partner of Cove Capital Investments.
Like many of Cove Capital’s real estate acquisitions, the Cove Texas Net Lease 67 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.
Organization: Cove Capital
Email: [email protected]
Address: Los Angeles, CA, United States
This press release has been distributed by Cove Capital Investments, LLC. The information herein is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any securities by the distributing company. The content of this press release is not intended to provide tax, legal, or investment advice and should not be relied upon for making any investment or trading decisions. Cove Capital Investments, its employees, and its affiliates are not registered investment advisors or broker-dealers. The material contained in this press release should be used solely for informational purposes. Investors and readers are strongly advised to perform their own due diligence and consult with their professional financial, legal, and tax advisors before making any investment or trading decisions. For media inquiries or further information, please contact Cove Capital Investments, LLC at [email protected]
Release ID: 908344