Cove Capital Investments closed $164 million of equity capital from accredited 1031 exchange and direct cash investors by the end of 2023.
The firm’s capital raising accomplishments made for one of the most successful fundraising years in its history and also helped propel Cove Capital into the top 10 DST sponsor companies out of approximately 55 DST sponsors, in terms of equity raised for 2023, according to a release.
“Cove Capital’s consistent increases in equity raised and more than 2.1 million square feet of real estate under management is clear evidence that our approach toward providing investors access to quality debt-free DSTs and funds, with a focus on removing the risks of leverage and the potential for income and growth, is resonating in the marketplace,” said Dwight Kay, managing member and founding partner of Cove Capital Investments. “In light of the fact that past performance does not guarantee future results, that all real estate investments (