Cove Capital Investments, a private equity real estate firm specializing in debt-free Delaware Statutory Trust (DST) 1031 exchange-eligible assets and other real estate-investment offerings, has completed the purchase of the 191,559-square-foot Parkdale Commons retail center in Waco, Texas, anchored by Hobby Lobby.
The new acquisition will be part of the firm’s Cove Parkdale Commons Opportunity 62 DST.
“Cove Capital continues to grow our base of accredited investors and industry appeal for our portfolio of high-quality, debt-free DSTs and real estate-fund investments,” said Dwight Kay, a managing member and co-founder of Cove Capital Investments. “This latest value-add retail center is an excellent addition to Cove Capital’s growing list of debt-free 1031 DST investment options. We would especially like to thank all of the members of the Cove selling group over the years, which includes broker/dealers, registered representatives and RIAs for their support