Cove Capital Investments Expands Industrial Portfolio with New Facility
Cove Capital Investments Expands Industrial Portfolio
The Cove Florida Industrial 98 DST offering features a newly acquired distribution facility occupied by a top-tier operator. This facility is strategically positioned to serve expanding markets and essential transportation routes, marking a significant step for Cove Capital Investments.
New Facility Overview
Cove Capital Investments, LLC, a Delaware Statutory Trust sponsor company, has successfully completed the acquisition of a distribution center that connects key growing markets while providing vital transportation access. The facility will support the Essential Net Lease Industrial 98 DST, which aims to secure $11,972,671 in equity.
Facility Highlights
According to Dwight Kay, Co-Founder of Cove Capital Investments, the new facility is purposefully selected to enhance investor opportunities. The distribution center boasts nine loading docks, ample space for truck operations, and potential for future expansion, solidifying its appeal as an asset for investors looking to minimize risk.
Investment Opportunities
Chay Lapin, Co-Founder and Managing Member of Cove Capital Investments, stressed the offering's potential for a 721 Exchange rollup as a flexible exit strategy. Investors opting for this plan can decide on their participation regarding future 721 UPREIT transactions.
Understanding the 721 Exchange
Lapin explained that the ability to choose if and how to engage in a 721 Exchange allows investors to assess the benefits relative to specific factors such as REIT debt levels, dividend coverage, and other crucial elements at their discretion.
About Cove Capital Investments
Cove Capital Investments operates a diverse portfolio exceeding 3.3 million square feet across 35 states. Their focus is on debt-free investment opportunities, providing a layer of security for over 2,300 investors who have consistently chosen their DST offerings. The appealing nature of these offerings is to mitigate financial risk, making them attractive to skilled investors.
Contact Information
For more information, prospective investors can contact Cove Capital Investments at (877) 899-1315. As the market evolves, Cove remains committed to simplifying investment processes and providing secure pathways for their clients' investments.
Frequently Asked Questions
What is the Cove Florida Industrial 98 DST offering?
The Cove Florida Industrial 98 DST offering is a recently acquired distribution facility intended for debt-free investments.
How does the 721 Exchange rollup work?
The 721 Exchange rollup allows investors to choose their participation in future REIT transactions, offering flexibility and control.
What are the major benefits of investing in Cove Capital?
Cove Capital emphasizes risk mitigation through debt-free investment strategies, providing a safer investment environment.
How many properties does Cove Capital manage?
Cove Capital manages a diverse portfolio of over 3.3 million square feet of investment properties across 35 states.
What should I consider before investing?
Investors should assess their own financial requirements and suitability before engaging with any investment offering.
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