Cove Capital $16.5M Georgia Industrial Park DST
- cove Capital Investments, LLC, has completed its $16.5 million general Time Industrial Park Possibility 84 Delaware statutory Trust (DST) offering.
- The General Time mixed-use advancement spans 35 acres.
- According to Cove executives, the Georgia industrial park was acquired below replacement cost, enhancing its investment appeal.
Cove Capital has successfully completed its $16.5 million Georgia Industrial Park DST offering.This debt-free investment in Athens,GA,targets 1031 exchange and direct cash investors. The industrial park, fully leased to national tenants, reflects CoveS strategy of acquiring all-cash real estate assets, offering a strong investment appeal. The strategic acquisition of this Georgia industrial park below replacement cost further enhances its value. Featuring a 721 exchange roll-up option, this diversified DST aligns with Cove Capital’s portfolio, which includes other triumphant offerings.For those seeking investment opportunities, this represents a sound addition to their portfolio, as reported by news Directory 3. Discover what’s next for cove Capital and its expanding DST portfolio.
cove Capital Completes $16.5M Georgia Industrial Park DST Offering
cove Capital Investments, LLC, has completed its $16.5 million general Time Industrial Park Possibility 84 Delaware statutory Trust (DST) offering. The industrial park, located in Athens, Ga., is fully leased to a beer and beverage company and an e-commerce operator, both on long-term agreements.
The General Time mixed-use advancement spans 35 acres. Cove Capital’s debt-free DST offering is designed for 1031 exchange investors and those seeking direct cash investments. The industrial park DST aligns with Cove’s strategy of acquiring all-cash real estate assets.
According to Cove executives, the Georgia industrial park was acquired below replacement cost, enhancing its investment appeal.
Chay Lapin, co-founder and managing member, emphasized the 721 Exchange roll-up feature. Lapin said, “This is a very vital component for any DST investment as other sponsor companies have what is called a ‘forced 721 UPREIT’… This full optionality is a key differentiator in today’s marketplace of DST and 721 UPREIT vehicles.”
The General Time Industrial DST joins other fully subscribed offerings from the Los Angeles firm. These include the NorthPark Shopping Center Opportunity 78 DST, Cove San Antonio Multifamily 74 DST, and the Essential Net Lease Industrial 87 DST.
Cove Capital Investments currently manages a diversified DST portfolio spanning more than 2.5 million square feet across 33 states.
What’s next
Cove Capital plans to continue expanding its debt-free DST portfolio with strategic acquisitions in key markets,focusing on properties with strong tenant profiles and long-term growth potential.