Cove Capital Investments Founding Partners, Dwight Kay and Chay Lapin, have announced the Delaware Statutory Trust sponsor firm successfully completed the purchase of a brand-new Build-to-Rent multifamily residential home community in San Antonio, Texas. The purchase completes the formation of the firm’s Cove Texas Build-to-Rent 97 DST, a Regulation D, Rule 506(c) offering that has a $27.2 million equity raise.
The Cove Texas Build-to-Rent 97 DST features a community of 83 newly constructed single-family rental units featuring high-end, resort style amenities and located in the thriving city of San Antonio, Texas.
The Cove Dallas Build-to-Rent 87 DST offering was constructed in 2024 and has an occupancy rate of 95 percent as of July 30, 2025. Each of the 83 rental homes has an average square footage of 1,861 square feet. In addition, this DST offering has income potential for investors as there is room for potential rental rate increases as leases roll over in the co
