Cove Capital Investments has 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 $13.39 million.
“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.
The Cove Net Lease Industrial 77 DST was acquired with 0 percent 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