Cove Essential Net Lease Portfolio 90 DST
Legal trust name Essential Net Lease Portfolio 90 DST
Talk to a 1031 specialistData updated Jun 5, 2025
Offering size$12.8M
Asset typeIndustrial
LocationSafford, AZ
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedJun 5, 2025
Last filedJun 5, 2025
Minimum$1k
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.
Cove Essential Net Lease Portfolio 90 DST is a Delaware statutory trust sponsored by Cove Capital Investments and structured for 1031 exchange investors. It holds a two-building, debt-free essential net lease portfolio: a FedEx Ground distribution facility in Safford, Arizona, and a Tractor Supply in Grants, New Mexico, which the sponsor reported as 100% occupied. Cove Capital announced completion of the acquisition forming the trust in June 2025 through a Regulation D Rule 506(c) offering. The related Form D, filed June 5, 2025, reported a total offering amount of roughly $12.77 million in equity, with an optional future 721 UPREIT exit described.
Debt-free (0% LTV); $12,765,363 equity target; min $100k; FedEx Ground (2015, Safford AZ) + Tractor Supply (2023 BTS, Grants NM); fully occupied
33,000+ SF total (2 properties)Based on issuer-filed Form D notices through Jun 5, 2025. Amounts are self-reported, may lag current subscriptions, and do not confirm availability. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Reported sold as a percentage of stated offering amount0.0%Current Form D data does not support a reliable raise-progress estimate.
Not enough filing history for a trend line.
Capital sold, per latest Form D—
Remaining amount reported in latest Form D$12,765,363
Investor count reported in latest Form DNot disclosed
Stated minimum investment$1,000
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First filedJun 5, 2025
Latest filingJun 5, 2025
Filings tracked1
View filing on SEC EDGARForm D is an issuer notice filing. A filing does not mean the SEC approved, endorsed, or verified the offering.
Offering profile
SEC filings + cited sources
Portfolio identity
Cove Essential Net Lease Portfolio 90 DST is a Delaware statutory trust sponsored by Cove Capital Investments 3. Cove Capital reported completing the acquisition that formed the trust in June 2025, assembling a two-building, debt-free essential net lease portfolio: a FedEx Ground distribution facility in Safford, Arizona, and a Tractor Supply store in Grants, New Mexico 2.
Leasing and structure
The sponsor described the portfolio as 100% occupied and debt-free, held under long-term net leases and structured as a Regulation D Rule 506(c) offering for 1031 exchange investors 2. Founders Dwight Kay and Chay Lapin characterized the program as an "anchoring" DST, and the sponsor noted an optional future 721 UPREIT exit 2.
Offering figures
The issuer's Form D, filed June 5, 2025, reported a total offering amount of approximately $12,765,363 in equity 1.
In the news
Frequently asked questions
Is Cove Essential Net Lease Portfolio 90 DST currently active?
Cove Essential Net Lease Portfolio 90 DST is classified by Top1031 as active. “Active” reflects the latest public record and does not confirm that interests remain available.
Where does Top1031 get the data for Cove Essential Net Lease Portfolio 90 DST?
Top1031 tracks this offering from SEC Form D filings and cited sponsor disclosures. Filing data may lag current subscriptions and does not mean the SEC approved or verified the offering.