Top1031

Cove Fort Worth Small Bay Industrial 96 DST

Industrial property in Fort Worth, TX · sponsored by Cove Capital Investments

Sold outReported fully subscribed · latest Form D Sep 26, 2025 (opens in a new tab)

Cove Fort Worth Small Bay Industrial 96 DST is a DST sponsored by Cove Capital Investments that owns an industrial property in Fort Worth, TX (53,300 SF). Its latest Form D, filed Sep 26, 2025, lists a $9.2 million offering with a $1,000 minimum.

Key facts

Minimum investment
$1,000
From the Form D
Offering size
$9,267,538
Equity offered, per the Form D
Sold so far
47.6%
Form D, Sep 26, 2025; the % is our arithmetic
Investors reported
15
Form D, Sep 26, 2025
Selling commissions
$556,052 · 5.9% of offering
Form D Item 15; the % is our arithmetic
Financing
All cash. This offering reports no mortgage debt.
How it is financed ↓
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.

Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →

Can I still invest?

No new interests: the offering is reported fully subscribed.

By Top1031’s calculation from the latest Form D, filed Sep 26, 2025, 47.6% of the offering had sold.

Other Cove Capital Investments offerings on record

Availability changes without a filing. The sponsor or a registered representative can confirm what is open.

Looking for an offering like this one? A licensed 1031 specialist from our affiliated partner can talk through what is on record.

Ask a 1031 specialist about this recordFree. About: Cove Fort Worth Small Bay Industrial 96 DST. Top1031 is not a broker-dealer.
Cove Fort Worth Small Bay Industrial 96 DST image

Cove Fort Worth Small Bay Industrial 96 DST · Fort Worth, TX · Photo: covecapitalinvestments.com

City-level mapFort Worth, TX metroMap shows the city, not the exact address.

What does the Trust own?

The park sits in North Fort Worth, near the Highway 287, Highway 114 and Interstate 35 corridors. Small-bay flex space is divided into modest units, so income comes from many leases rather than one. Cove Capital's July 29, 2026 announcement described the park as acquired but gave no closing date and no purchase price. 2 No street address or seller name appears in the public record.

Reported location
Fort Worth, TX
Property size
53,300 SF / 4 bldgs

How have sales gone?

The Form D record has one sales figure so far, so there is no trend to chart. The figure is in Sales so far ↑.

How is it financed, and what did it cost to sell?

Cove Capital describes the property as held debt-free: no lender, no loan maturity to refinance, nothing for a lender to foreclose on. 1 An exchanger who must replace debt carried on a relinquished property will not find replacement financing inside this Trust.

Debt

Financing
All cash. This offering reports no mortgage debt.
May convert to a REIT (721)
Yes

Costs and terms from the Form D

Selling commissions
$556,052 · 5.9% of offering
Finders’ fees
$0
Paid to officers, directors and promoters
$965,902 · 10.4% of offering
Form D Item 16
· The filing’s note: “Mr Kay & Lapin will receive a portion of this amount (in)directly for various fees & selling commissions, EXCLUDING amounts received for sales in Oregon, OR proceeds will be received by registered representatives licensed in the state of OR”
Broker-dealers named in the Form D
1 named in the Form D
Show the firms

Individual representatives named in Item 12 are not listed.

Date of first sale
Sep 3, 2025
Minimum investment
$1,000

Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.

What does the SEC record show?

No amendment followed the original Form D, so the subscription figures on file predate Cove Capital's July 29, 2026 full-subscription announcement. 2 The Offering could be advertised publicly but sold only to accredited investors — those meeting income or net-worth tests — whose status the sponsor must verify.

Legal Trust name
Fort Worth Small Bay Industrial 96 DST
SEC CIK
2086774
First Form D
Sep 26, 2025
Latest Form D
Sep 26, 2025
Filings on record
1
Offered under
Rule 506(c)
May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

SEC Form D filings, newest first

FiledFormOffering amountAmount soldInvestors
Form D$9,267,538
$4,419,822
15
EDGAR

Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.

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.

Common questions

Can I still invest in Cove Fort Worth Small Bay Industrial 96 DST?
No new interests: Cove Fort Worth Small Bay Industrial 96 DST is reported fully subscribed. Top1031 lists it as recently fully subscribed and does not count it as an active offering.
Does Cove Fort Worth Small Bay Industrial 96 DST have a 721 UPREIT exit?
The record lists a possible 721 exit for Cove Fort Worth Small Bay Industrial 96 DST. It is an option, not a completed transaction; the offering documents set whether and when it can happen. In a 721 exchange, or UPREIT, the DST’s property is contributed to a REIT’s operating partnership and investors receive operating-partnership units instead of cash.
How a DST-to-721 UPREIT exit works
What does 'debt-free' mean for my 1031 exchange?
Cove Capital describes the property as owned with no leverage. There is no loan to mature, refinance or default on, and no lender that can foreclose. The tradeoff: if your relinquished property carried a mortgage, a debt-free DST supplies no replacement debt, so you would generally need additional cash to avoid taxable boot. Your own tax adviser is the place to work that math.
Who are the tenants?
Cove Capital's July 29, 2026 release describes the park as leased to a diverse mix of industrial tenants rather than a single corporate tenant. No tenant names, unit sizes, rents, occupancy percentage or lease expiration dates appear in the SEC filing or the sponsor materials reviewed, so the rent roll and lease abstracts in the offering documents are the only place to verify them.
Why do the minimum investment figures differ?
The Form D filed September 26, 2025 records a $1,000 minimum outside investment accepted, while Cove Capital's offering materials state a $100,000 minimum, and public sources do not reconcile the two. The governing number is whatever the offering documents and subscription agreement state, so ask the sponsor to point to it in writing.
Has the property been acquired, and when?
Cove Capital's materials describe the Trust as owning a debt-free four-building flex industrial park in North Fort Worth, and its July 29, 2026 announcement refers to the park as acquired — but it gives no closing date and no purchase price. The Form D's date of first sale, September 3, 2025, is an offering milestone, not a closing date on the real estate. No seller name appears in the public record either.

In the news

Sources

Show sources (6)Hide sources (6)

These links support the record as a whole; individual details may come from different sources.

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 offering documents before investing.