Cove Capital Investments Fully Subscribes Debt-Free Fort Worth Industrial DST Offering
Cove Capital Investments has successfully raised $9.27 million from accredited 1031 investors for its Cove Fort Worth Small Bay Industrial 96 Delaware Statutory Trust (DST) offering, which is now fully subscribed. The four-building industrial park in North Fort Worth spans 53,300 square feet and benefits from strong market fundamentals including proximity to major highways and a growing demand for flexible industrial space. The property was acquired with a strategy focused on long-term value creation through lease renewals, tenant retention, and potential rental growth. The DST is structured as debt-free, eliminating refinancing risks and interest-rate sensitivity, which aligns with Cove Capital's investment philosophy. Additionally, the offering includes an optional 721 Exchange exit strategy for future liquidity opportunities. Cove’s principals have co-invested in the property to demonstrate confidence in its potential. The industrial park is leased to a diverse tenant base and offers flexibility through possible outdoor storage expansion.
Topics: 1031 exchange DST offering Fort Worth industrial market real estate investment