Cove Capital Investments, a private equity real estate firm and DST sponsor company that specializes in providing accredited investors access to debt-free investment options for their 1031 exchange and direct cash investments, announced its Cove Parkdale Commons Opportunity 62 DST, a regulation D Rule 506c Delaware Statutory Trust offering, is fully subscribed. The total amount of equity raised for the offering was $21.59 million.
According to Dwight Kay, managing member and co-founder of Cove Capital Investments, the 1031 exchange DST offering was made available to accredited 1031 exchange and direct cash investors as an all-cash/debt-free DST offering designed to potentially mitigate risk of lender foreclosure or lender cash flow sweeps. The 191,559-square-foot building is anchored by one of Hobby Lobby’s retail stores and includes a strong roster of other national tenants.
Cove Parkdale Commons Opportunity 62 DST is a value-add investment located in the primary re