LOS
ANGELES, July 31, 2024 /PRNewswire/ -- 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.
*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.
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SOURCE Cove Capital Investments