Cove Capital Investments Fully Subscribes Its Texas Net Lease 67 Delaware Statutory Trust Portfolio

Cove Capital announces another fully subscribed DST offering on behalf of accredited investors, broker-dealers, RIA’s, and registered representatives.

February 14, 2024

This article was originally provided by Cove Capital.


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 Cove Texas Net Lease 67 DST, a regulation D Rule 506c Delaware Statutory Trust offering, is fully subscribed. The total amount of equity raised for the offering was $21,450,625.

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. Both properties in this DST portfolio are located in thriving communities within the 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 67 DST is an all-cash/debt free, zero leverage offering for 1031 Exchange and Direct Cash Investors. “Our tenant has numerous locations nationally and globally. Both properties are strategically located in high-income trade areas with average household incomes of more than $133,000 within a 1-mile radius of each subject property. We felt confident our investors would be attracted to these unique assets and the overall business strategy set forth in the Private Placement Memorandum,” said Kay. Chay Lapin, Managing Member and Founding Partner of Cove Capital Investments explained that both assets have new, long-term 20-year net leases that are corporately guaranteed.” 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. “Cove Capital Investments recognized early on that there was a void in the marketplace for high-quality, debt-free 1031 exchange real estate investment options like the Cove Texas Net Lease 67 DST which provides greater flexibility for our investors. We are free to pursue whichever exit strategy provides the best potential opportunity to our investors without being constricted by lender prepayment penalties and vast defeasance costs like many other DST offerings are that have debt on them. Our emphasis on debt-free investing has been an important differentiator in the marketplace, and an attractive ingredient for our growing number of investors, advisors, broker/dealers, and RIA’s,” said Kay.