The private equity real estate firm and DST sponsor company
reported continued growth of its high-quality, debt-free DST
portfolio, completed its seventh full-cycle offering on behalf of
investors, and strengthening its team of talented real estate
professionals.
LOS
ANGELES, March 29, 2023 /PRNewswire/ -- Cove
Capital Investments, LLC, a private equity real estate firm and DST
sponsor company announced impressive accomplishments for its 2022
year-end review to investors, including completing a total of
$423 million in sponsored offerings
since inception, acquired its 79th debt-free property representing
1,913,989 square feet of multifamily, single tenant net lease,
industrial, and medical properties nationwide, and completing its
seventh debt-free offerings full-cycle liquidity event.
"Since our founding, Cove Capital has emphasized a contrarian
approach to investing in that we believe in providing investors
with offerings that are debt-free. This is one of the main things
that separates Cove Capital from other sponsor firms in the DST
space, as the vast majority of offerings have considerable amounts
of leverage. This contrarian approach has been embraced by hundreds
of loyal investors, broker dealers, registered advisors, and
registered representatives, and we feel blessed at the level of
growth and success Cove Capital has experienced and reported to
investors in our 2022 year-end review," said Dwight Kay, Managing Member and Co-Founder of
Cove Capital.
In addition to growing its portfolio, expanding its national
footprint, and elevating its caliber of real estate offerings, Cove
Capital also successfully delivered several DST properties
full-cycle for its investors with positive returns*. "Full Cycle"
is the name used to describe an investment real estate offering
that is purchased and then sold on behalf of a group of accredited
investors after a period of time.
"While past performance does not guarantee or indicate the
likelihood of future results, these full cycle events provide a
demonstrative proof of concept for the entire Cove Capital
investment family of investors, broker dealers, registered
representatives, and RIAs," said Kay.
In addition to Delaware Statutory Trust real estate offerings,
Cove Capital also grew its portfolio of debt-free, income, and
opportunistic funds for direct cash investors who are not in a 1031
exchange, but looking for real estate as a non-correlated asset
class to the stock market with income potential, appreciation
potential, and without the risk of debt.
"Obviously, every real estate investment, regardless of asset
class or location can never guarantee appreciation, income, or
distributions. However, by providing investors debt-free investment
offerings, Cove Capital is removing what we believe to be the
greatest risk in real estate - lender foreclosure," said Kay.
According to Chay Lapin, Managing
Member and Co-Founder of Cove Capital Investments, Cove Capital
also reported it had reinforced its ranks of high-caliber real
estate professionals to help accelerate market leadership and
growth.
"We really strengthened our team by adding several highly
talented real estate professionals to our team. Cove Capital now
has an acquisition team, asset management and property management
team, an accounting team, a real estate review team, in-house
counsel, investor relations, marketing, and capital markets
professionals. We are very proud of the team we've built and the
portfolio that we've created." said Lapin.
About Cove Capital Investments
Cove Capital Investments is a private equity real estate firm
and DST sponsor company providing accredited investors access to
1031 exchange eligible Delaware Statutory Trust properties as well
as other real estate investment offerings. The Cove Capital team
consists of Acquisitions, Asset Management, Accounting, Due
Diligence, In-House Counsel, Investor Relations, Marketing and
Capital Markets. Cove Capital maintains a robust current inventory
of DST and private equity real estate offerings potentially
available to investors. Cove Capital Investments has sponsored over
1.9 million square feet of 1031 DST and real estate offerings in
the multifamily, net lease, industrial and office sectors.
For further information, please visit
www.covecapitalinvestments.com or contact Cove Capital
at (877) 899-1315 and via email at
info@covecapitalinvestments.com.
*Average Annualized Return is defined as a total return
including profit on sale and monthly distributions earned on an
annualized basis and is calculated as if an investor closed on
their DSt investment the same day that the DST closed on the
property.
*Total return consists of initial return of investor principal,
monthly distributions, and profit upon sale.
* Past performance is not a guarantee of future results. 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 correspondence 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, Limited Liability
Company owned (LLC) properties, LLC interests, 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 net lease
properties, short term leases associated with net lease 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. Nothing
contained in this material, including in this disclosure or in any
other disclosure in this message, constitutes tax, legal, insurance
or investment advice, nor does it constitute a solicitation or an
offer to buy or sell any security or other financial instrument.
Securities offered through FNEX Capital, member
FINRA, SIPC.
CONTACT: Vincent Aviani,
vincent.aviani@kpi1031.com
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