The Cove Essential Net Lease Portfolio 90 DST offering highlights a two-building portfolio strategically located in two Southwest States and 100% occupied by best-in class tenants.
LOS ANGELES, June 18, 2025 -- Dwight Kay and Chay Lapin, Founding Members of Cove Capital Investments, LLC, announced the Delaware Statutory Trust sponsor firm successfully completed the purchase of an essential net lease portfolio located in the Southwest states of Arizona and New Mexico. The purchase completes the formation of the firm's Cove Essential Net Lease Portfolio 90, a Regulation D, Rule 506(c) offering that aims to raise $12,765,363 in equity.
According to Kay, the Cove Essential Net Lease Portfolio 90 DST combines the strategic Southwest locations of Arizona and New Mexico with two high caliber essential business tenants that continued to operate and pay rent throughout the entire COVID-19 Pandemic (* Past performance is no guarantee of future results).
"This is a 100% occupied debt-free essential net lease portfolio that consists of a FedEx Ground facility in Safford, AZ as well as a Tractor Supply in Grants, NM. The Cove Essential Net Lease Portfolio 90 DST is what is often referred to as an 'anchoring' DST because both properties have long-term net lease agreements in place which can potentially create greater stability during uncertain economic times*," said Kay.
Chay Lapin, Managing Member and Co-Founder of Cove Capital Investments also emphasized that this offering has the potential for a 721 Exchange rollup as a potential exit strategy.
"Another important aspect of the Cove Essential Net Lease 90 Portfolio DST is that it provides investors the possibility of using the 721 Exchange rollup as a fully optional exit strategy. Instead of signing up today in a forced 721 UPREIT DST, our investors are going to be given the option to participate in a future potential 721 UPREIT or not – at their discretion. This means that at the time of any potential future 721 UPREIT transaction, our investors will be able to analyze the final destination REIT by examining key areas such as: REIT debt levels, dividend coverage ratios, the use of floating rate debt, does the REIT offer 721 investors a Tax Protection Agreement (TPA), if so how long is it for? And other key components investors must consider prior to participating in a 721 exchange", said Lapin.
About Cove Capital Investments
Cove Capital Investments is a Delaware Statutory Trust sponsor company that operates a portfolio of over 3 million square feet of real estate in 35 states nationwide. Over 2,164 investors have trusted Cove Capital with their 1031 exchange and investment dollars, many of them being repeat investors in multiple DST offerings over the years. Our offerings are attractive to those investors seeking to lower risk potential as the majority of Cove Capital's DST offerings are debt free (no mortgage - no lender foreclosure risk). To sign up for a list of the current Cove Capital offerings available for 1031 exchange and direct investments please visit www.covecapitalinvestments.com.
For further information, please visit www.covecapitalinvestments.com or contact Cove Capital at (877) 899-1315 and via email at info@covecapitalinvestments.com.
*Past performance is no guarantee of future results.
*Diversification does not guarantee profits or protect against losses.
*This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the "Memorandum"). Please read the entire Memorandum paying special attention to the risk section prior to investing. This material contains information that has been obtained from sources believed to be reliable. However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Securities offered through FNEX Capital, member FINRA, SIPC.
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