Cove Burleson Small Bay Industrial 112 DST
Small bay industrial (multi-tenant) property in Burleson, TX — sponsored by Cove Capital Investments
All-cash raise completed; NNN conversion lifted effective rents 20.4% ($14.40 to $17.34/SF)
Show sources (3)Hide sources (3)
These links support the public record as a whole; individual details may come from different sources.
What is this, in one paragraph?
Cove Burleson Small Bay Industrial 112 DST is a Delaware statutory trust — fractional co-ownership of real estate whose interests can qualify for 1031 exchange treatment — sponsored by Cove Capital Investments.1 It holds a multi-tenant small bay industrial property in Burleson, Texas, owned without mortgage debt. On June 16, 2026 the sponsor reported that the entire offering had been raised from 1031 exchange investors.2
Minimum investment
$1k
Offering size
$7.2M
How much has sold
95.0%
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Small bay industrial means a park cut into modest suites leased to local trades and service businesses rather than one large distribution tenant. The size shown below covers a single tenant suite Cove Capital described in a lease announcement, not the whole park.2 Public records reviewed do not establish the street address, total building area, building count, purchase price, or the date the Trust took title.
- Reported location
- Burleson, TX
- Property size
- 1,250 SF (tenant suite within multi-tenant small bay industrial park)
Who is the tenant, and what's the lease?
Cove Capital describes the occupant of the re-leased suite only as service-oriented and does not name it.2 The sponsor reported that a gross lease expired May 31, 2026 and a 36-month triple-net lease — the tenant pays taxes, insurance and maintenance on top of base rent — began June 1, 2026 and runs through May 31, 2029.2
How are sales going?
These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.
95.0% reported sold
- Amount sold
- $6,846,815
- Reported unsold
- $387,169
- Investors reported
- 14
- Total offering
- $7,233,984
Not enough filings yet to show a trend.
See how much of this offering has soldSign in by email and confirm you’re an accredited investor.
How is it financed, and what does it pay?
The Trust owns its property outright: no lender, no loan maturity to refinance, no covenants, no foreclosure risk — and no borrowed money magnifying results either way. An investor who needs replacement debt to match a mortgage paid off in the relinquished sale will not find it at the property level.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
Cove Capital Investments sponsors DST offerings for 1031 exchange investors and markets them as debt-free; the Form D names the firm as promoter and identifies Dwight Kay and Chay Lapin in management of the offering.1 Sponsor releases dated July 16 and July 17, 2026 reported a platform of 137 properties and 4,286,151 square feet across 36 states, with more than $206.3 million of capital returned to investors. A June 17, 2026 release named this Burleson Trust among the firm's holdings.
- Sponsor
- Cove Capital Investments
- May convert to a REIT
- No
- Offerings from this sponsor
- 24 active / 58 total offerings from Cove Capital Investments
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
No amendment has followed the sponsor's June 16, 2026 statement that the raise was complete, so the sales figures on this page still come from the original filing.2 The Offering may be advertised publicly, but each buyer's accredited-investor status — meeting SEC income or net-worth thresholds — must be documented and verified rather than self-certified.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- Burleson Small Bay Industrial 112 DST
- Filings on record
- 1
- How it may be offered
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
- Read the filings on SEC EDGAR
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current Private Placement Memorandum before investing.
Common questions
Is Cove Burleson Small Bay Industrial 112 DST still raising money?
Sold out: the source record identifies this offering as Fully Subscribed. The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for Cove Burleson Small Bay Industrial 112 DST?
Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Is this Trust still open to new investors?
The only filing on record is a Form D filed February 27, 2026, and the sales figures shown on this page come from it. Cove Capital reported on June 16, 2026 that the entire offering had been raised from 1031 exchange investors. No later amendment has been filed, so the filing and the sponsor's statement do not line up, and current availability has to be confirmed with the sponsor or your representative.
Why does the size shown describe a 1,250-square-foot suite?
That figure describes the single tenant suite covered in Cove Capital's June 16, 2026 lease release, not the entire property. The park's total building area, building count, property-wide occupancy and street address are not established in the public records reviewed for this profile.
Who is the tenant, and what changed in the lease?
Cove Capital's June 16, 2026 release describes the occupant only as a service-oriented tenant in a 1,250-square-foot suite and does not name it. The prior gross lease expired May 31, 2026; the sponsor reported a new 36-month triple-net lease commencing June 1, 2026 and running through May 31, 2029. In that release Cove Capital reported the conversion lifted effective rent on that suite from $14.40 per square foot to $17.34 per square foot, about a 20.4% increase.
What does a debt-free DST mean for me?
The Trust owns the property without mortgage financing. There is no loan to refinance, no maturity date, no lender covenants and no risk of foreclosure wiping out equity. There is also no borrowed capital amplifying results, and no property-level debt available to an investor who needs replacement debt to match a mortgage paid off in the relinquished sale.
Is a 721/UPREIT exit planned?
No. A 721 or UPREIT exit is where a DST's property is later contributed to a real estate investment trust in exchange for operating-partnership units, converting a direct real-estate interest into REIT securities. The record for this Trust indicates no such conversion is contemplated, as the sponsor chapter rows show.
What does the public record not tell me about this deal?
The materials reviewed — the February 27, 2026 Form D and Cove Capital's press releases — do not establish the property's street address, acquisition date, purchase price, total square footage, building count, distribution terms or expected hold period. Those items would appear in the private placement memorandum, the offering document a sponsor gives prospective investors, which is not a public filing.
Chapter 9Cove Capital Uses Active Asset Management to Drive Value Potential at Its Cove Burleson Small Bay Industrial 112 DSTEarlier-issued PR Newswire version (release id 302801204) of the same Burleson 112 active-asset-management announcement describing the gross-to-NNN conversion. Cove Capital Investments, LLC Acquires 19-building Small Bay Industrial Property for Its Ponder Small Bay Industrial 101 DST (cross-references Cove Burleson Small Bay Industrial 112 DST)Cove Capital identifies a compelling opportunity at the Cove Burleson Small Bay Industrial 112 DST in Burleson, Texas, noting the property as part of its growing debt-free small bay industrial portfolio.