Cove Pearland Business Park Opportunity 76 DST
Industrial in Pearland, TX — sponsored by Cove Capital Investments
Files with the SEC as Pearland Business Park Opportunity 76 DST
Minimum investment
$1k
Offering size
$8.6M
How much has sold
12.0%
Asset type
Industrial
Location
Pearland, 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 Pearland Business Park Opportunity 76 DST is a Delaware Statutory Trust — a structure that lets 1031 exchangers hold fractional title to real estate — holding a three-building multi-tenant business park in Pearland, Texas, in the Houston metro area.1 Cove Capital Investments bought it with no mortgage debt and offered interests to accredited investors under Rule 506(c).3 The sponsor's page now lists the Trust as fully subscribed.1
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These links support the historical public record; 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 at 1329–1331 E. Broadway St. in Pearland, Texas, on 2.47 acres.2 The sponsor describes three separate buildings, newly renovated in 2021 with more than $1,045,000 spent, roughly 98% occupied and leased to a mix of tenants it calls e-commerce-resistant.1 Connect Money, reporting April 30, 2024, put occupancy at 96.41% and noted recent tenant lease extensions and renewals.4
- Reported location
- Pearland, TX
- Property size
- 39,597 sq ft
Who is the tenant, and what's the lease?
Cove reports the property is 100% NNN leased — triple-net, meaning tenants pay taxes, insurance and maintenance on top of base rent — with annual rental escalations across the roster.1 Individual tenant names and the lease expiration schedule do not appear in the public record.
How did it end?
Closed to new investment · still operating
No public full-cycle, sale, or 721 UPREIT announcement has been issued for Pearland Business Park Opportunity 76 DST; the trust remains listed on Cove Capital's website as 'fully subscribed' with a 'Monthly' distribution status, indicating it continues to own and operate the 39,597 sq ft mixed-use center in Pearland, TX.
Multi-tenant mixed-use business park in Pearland, TX (Houston MSA), approximately 98% occupied at acquisition, recently renovated in 2021, situated on 2.47 acres. Reg D 506(c) offering targeting $8,573,663 raise, $25,000 minimum, all-cash/debt-free DST. The $23.1M acquisition price reported by Connect CRE reflects the total capitalization rather than the equity raise target.
39,597 sq ftSupporting evidence
Counted on Cove Capital Investments’s Record Card as: Still operating Document
How is it financed, and what does it pay?
Cove Capital bought the park all cash, with no mortgage on it — nothing to refinance, no lender that could foreclose, and no loan maturity forcing a sale.1 Debt-free structuring is how the sponsor branded this offering from the acquisition announcement onward.3
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
Cove Capital Investments sponsors Delaware Statutory Trusts for 1031 exchangers and markets debt-free, no-leverage deals as its signature structure.3 It announced the Pearland purchase on March 21, 2024, and its offering page for this Trust now shows it fully subscribed.1 A KPI 1031 indication-of-interest brochure dated October 23, 2023 circulated the deal months before the Form D reached the SEC.2
- Sponsor
- Cove Capital Investments
- Legal Trust name
- Pearland Business Park Opportunity 76 DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 23 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 — the short notice an issuer files with the SEC when it sells securities without registering them — is on record, and it has never been amended. The Trust is offered under Rule 506(c), which permits public advertising but limits buyers to investors whose accredited status is 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
What happened to Cove Pearland Business Park Opportunity 76 DST?
Top1031 lists Cove Pearland Business Park Opportunity 76 DST as historical. It is no longer raising money.
Where does Top1031 get the data for Cove Pearland Business Park Opportunity 76 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's offering page for the Pearland Business Park Opportunity 76 DST shows it as fully subscribed, meaning the sponsor reports the equity is spoken for and it is closed to new investors.[1] The SEC record holds a single Form D from January 9, 2024 that was never amended, so the filings do not independently track the raise to completion. Confirm current availability directly with the sponsor.
What does a debt-free DST mean for a 1031 exchanger?
The Trust owns the property with no mortgage, so there is no loan to refinance, no lender covenants, and no maturity date that could force a sale.[1] The trade-off matters for exchangers replacing debt: if your relinquished property had a mortgage, an all-cash replacement carries no debt for you to match, which can create boot unless you contribute additional cash. That is a question for your tax adviser, not the sponsor.
What was the minimum investment?
The March 21, 2024 press release announcing the acquisition stated a $25,000 minimum for accredited investors.[3] The Form D filed January 9, 2024 reported a $1,000 minimum investment accepted from any outside investor — a filing field that often reflects the lowest amount the issuer could accept, not the practical offering minimum. The PPM, the private placement memorandum governing the deal, controls.
Who are the tenants?
Named tenants are not in the public record. The sponsor says the park is 100% NNN leased to a mix of businesses it describes as e-commerce-resistant across three buildings, with annual rental escalations.[1] Connect Money reported on April 30, 2024 that the property had recent lease extensions and renewals.[4] The tenant roster, lease expirations and rent schedule would be in the PPM.
Why do sources disagree on size and occupancy?
Cove Capital's own materials state 39,597 square feet and approximately 98% occupancy at acquisition.[1] Connect Money's April 30, 2024 report described a roughly 39,000-square-foot property that was 96.41% occupied.[4] The figures are close and likely reflect different measurement dates and rounding, but they have not been reconciled by any source, so both are presented as reported.
Does this Trust convert into a REIT?
No. The record shows no 721/UPREIT exit — the arrangement where a DST's property is later contributed to a real estate investment trust's operating partnership in exchange for REIT units. Without that feature, the expected path is an eventual sale of the property, after which investors may attempt another 1031 exchange.
Chapter 9Cove Capital Acquires Texas Business Park for $23.1M DST OfferingTrade-press article reporting that Cove Capital fully subscribed the Pearland Business Park Opportunity 76 DST, raising $23.1 million in equity. Cove Capital Investments Buys a Business Park in Pearland, TX as Part of Its Debt-Free Pearland Business Park Opportunity 76 Delaware Statutory TrustPress release announcing Cove Capital's acquisition of a 39,597 sq ft mixed-use business park in Pearland, TX (Houston MSA), approximately 98% occupied at acquisition, as a Reg D 506(c) DST targeting $8,573,663 raise. Cove Capital Buys Business Park in Texas as Part of DST OfferingCove Capital Investments acquires a 39,000-square-foot industrial and mixed-use property in Pearland, Texas, as part of its Business Park Opportunity 76 DST offering. Cove Pearland Business Park Opportunity 76 DSTSponsor property page showing the Pearland Business Park Opportunity 76 DST is fully subscribed; 39,597 square foot mixed-use center on 2.47 acres in Pearland, TX, debt-free.