Cove Fort Worth Small Bay Industrial 96 DST
Industrial (small bay flex) property in Fort Worth, TX — sponsored by Cove Capital Investments
Files with the SEC as Fort Worth Small Bay Industrial 96 DST
Minimum investment
$1k
Offering size
$9.3M
How much has sold
48.0%
Asset type
Industrial (small bay flex) property
Location
Fort Worth, TX
Financing
All cash. This offering reports no mortgage debt.
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Cove Fort Worth Small Bay Industrial 96 DST is a Delaware Statutory Trust — a structure that lets 1031 exchange investors hold fractional interests in real estate — holding a debt-free small-bay flex industrial park in North Fort Worth, Texas.1 Cove Capital Investments announced on July 29, 2026 that the Rule 506(c) Offering was fully subscribed after raising $9,267,538 in equity.2 No amendment has been filed since.
Debt-free (0% LTV); min $100k; diverse tenant mix; near Hwy 287/114/I-35; optional 721 UPREIT; $4.42M raised as of 9/26/25
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These links support the public record as a whole; individual details may come from different 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?
The park sits in the North Fort Worth submarket, near the Highway 287, Highway 114 and Interstate 35 corridors.1 Small-bay flex buildings are divided into modest units, so income comes from many leases rather than one. Cove Capital's July 29, 2026 release describes a business plan of lease renewals, extended tenant occupancy and rental-rate growth as leases mature.2 No street address, acquisition date or purchase price appears in the public record.
- Reported location
- Fort Worth, TX
- Property size
- 53,300 SF / 4 bldgs
Who is the tenant, and what's the lease?
Cove Capital's July 29, 2026 release describes the park as leased to a diverse mix of industrial tenants rather than one corporate tenant, so income rests on many smaller leases rolling at different times.2 No tenant names, unit sizes, rents, occupancy figure or lease expiration dates appear in public sources.
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.
48.0% reported sold
- Amount sold
- $4,419,822
- Still available
- $4,847,716
- Investors reported
- 15
- Total offering
- $9,267,538
Not enough filings yet to show a trend.
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How is it financed, and what does it pay?
The Trust holds the park without a mortgage, so there is no lender, no loan maturity to refinance and 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.
- Financing
- All cash. This offering reports no mortgage debt.
- Loan-to-value
- 0%covecapitalinvestments.com
Who's behind it?
Cove Capital Investments sponsors debt-free DST offerings aimed at 1031 exchange investors; the September 2025 Form D names the firm as promoter and identifies Dwight Kay and Chay Lapin as managing members.3 The sponsor announced on August 18, 2026 the acquisition of a 29,000-square-foot retail property to form its Shreveport Opportunity 120 DST. AltsWire reported on August 19, 2026 that Cove bought a Southfield, Michigan headquarters building and launched an $11 million DST offering.
- Sponsor
- Cove Capital Investments
- Legal Trust name
- Fort Worth Small Bay Industrial 96 DST
- May convert to a REIT
- Yes
- Offerings from this sponsor
- 24 active / 57 total offerings from Cove Capital Investments
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
One Form D carries this Offering and no amendment followed it, so the subscription figures on file predate Cove Capital's July 29, 2026 full-subscription announcement.2 Rule 506(c) permits public advertising but limits buyers to accredited investors — those meeting income or net-worth tests — whose status must be verified.
- Form D filedFirst and latest filing on record.
- 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 Fort Worth Small Bay Industrial 96 DST still raising money?
Top1031 lists Cove Fort Worth Small Bay Industrial 96 DST as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.
Where does Top1031 get the data for Cove Fort Worth Small Bay Industrial 96 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.
Can I still invest in this Trust?
Cove Capital Investments announced on July 29, 2026 that the Offering was fully subscribed after raising $9,267,538 in equity, which means it is closed to new investors. The only Form D on record was filed September 26, 2025 and was never amended, so the SEC data still reflects an earlier mid-raise snapshot, and the sponsor's offering page for the Trust remained live as of research reviewed through September 1, 2026. Confirm current availability directly with the sponsor before relying on any single source.
What does 'debt-free' mean for my 1031 exchange?
Cove Capital's offering page describes the property as owned all cash 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.
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 PPM — the Private Placement Memorandum, the offering's governing disclosure document — are the only place to verify them.
What is the optional 721 UPREIT exit?
A 721 exchange contributes a property interest to a REIT's operating partnership in return for partnership units, deferring tax but converting direct real estate ownership into securities. Cove Capital's offering page presents this as a potential future exit that investors could choose whether to join. No 721 transaction has been reported as completed. The PPM is where to confirm who decides whether and when it happens, and what investors would receive.
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 Private Placement Memorandum and subscription agreement state, so ask the sponsor to point to it in writing.
Has the property been acquired?
The sponsor's materials describe the Trust as owning an all-cash, debt-free four-building flex industrial park in North Fort Worth, and the July 29, 2026 release describes an operating business plan centered on lease renewals and rental-rate growth as leases mature. No acquisition date, seller or purchase price appears in the SEC filing or the sponsor materials reviewed.
Chapter 9Cove Capital Investments Fully Subscribes Its Debt-Free Fort Worth Small Bay Industrial 96 Delaware Statutory Trust Offeringcitybiz syndication of the Cove Capital PR Newswire release announcing the full subscription of the Fort Worth Small Bay Industrial 96 DST in Texas. Cove Fort Worth Small Bay Industrial 96 DSTSponsor's offering landing page describing the all-cash/debt-free 53,300 sq ft four-building flex industrial park in North Fort Worth, TX near Hwys 287/114/I-35; the page remains live as a current offering with no dated launch/acquisition press release.