Cove Capital Investments, a Delaware Statutory Trust sponsor company has announced it has successfully completed an acquisition in Pearland, Texas. The purchase is the firm's Business Park Opportunity 76 DST, a Regulation D, Rule 506(c) offering that is targeting to raise $8,573,663.
According to Dwight Kay, managing member and founding partner of Cove Capital Investments, the 39,000 square foot multitenant industrial and mixed-use property was purchased by Cove Capital to contribute to its growing portfolio of debt-free real estate assets for 1031 exchange and direct cash investors. Cove's Pearland Business Park Opportunity 76 DST seeks to raise capital from accredited investors with a minimum investment requirement of $25,000. The Delaware Statutory Trust offering is available for accredited investors involved in 1031 exchanges, 1033 exchanges and direct cash participation.
"The newly renovated property is occupied by a synergistic mix of ecommerce-resistant ten