Cove Ponder Small Bay Industrial 101 DST
Legal trust name Ponder Small Bay Industrial 101 DST
Talk to a 1031 specialistData updated Oct 31, 2025
Offering size$18.7M
Asset typeIndustrial
LocationPonder, TX
FinancingAll cash
Regulation D exemptionRule 506(c)
Sponsor-reported potential 721/UPREIT exitNo
First filedOct 31, 2025
Last filedOct 31, 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 Ponder Small Bay Industrial 101 DST is a Delaware statutory trust sponsored by Cove Capital Investments that holds a 19-building, multi-tenant flex/small-bay industrial park totaling 115,650 rentable square feet in Ponder, Texas, within the Dallas–Fort Worth market. Built in 2018 and 2022/23, the park was 100% occupied as of September 15, 2025. The trust was structured debt-free with no leverage and raised $18,695,430 in equity from accredited investors. Cove Capital closed the property acquisition on November 13, 2025, and reported the offering fully subscribed in May 2026.
Debt-free (0% LTV); min $100k; 100% occupied 9/15/25; fully subscribed per BusinessWire 5/2026
115,650 SF / 19 bldgsBased on issuer-filed Form D notices through Oct 31, 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 amount4.0%
Not enough filing history for a trend line.
Capital sold, per latest Form D$811,004
Remaining amount reported in latest Form D$17,884,426
Investor count reported in latest Form D6
Stated minimum investment$1,000
See the full reported financial recordBy creating an account you agree to the Terms of Service and acknowledge the Privacy Policy. We'll email you sign-in links and service notices about your account.
First filedOct 31, 2025
Latest filingOct 31, 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
The property
The trust holds a 19-building, multi-tenant flex/small-bay industrial park totaling 115,650 rentable square feet in Ponder, Texas, within the Dallas–Fort Worth MSA, with access via I-35W and N FM 156. The buildings were constructed in 2018 and 2022/23, and the park was 100% occupied as of September 15, 2025 with a diverse tenant mix 1.
Capital structure
The offering was structured as an all-cash, debt-free trust carrying no leverage, sized at $18,695,430 of equity under Regulation D, Rule 506(c). Cove Capital closed the property acquisition on November 13, 2025, completing formation of the trust 2. The sponsor's stated operating plan is to renew and extend expiring leases and to convert existing gross leases to triple-net terms 2.
Offering status
In May 2026, Cove Capital reported the offering fully subscribed, having raised $18,695,430 in equity from accredited investors 3.
Sponsor
Cove Capital Investments, LLC, founded by Dwight Kay and Chay Lapin and headquartered in Los Angeles, is a DST sponsor. As of May 2026, firm-level self-reported disclosures cite roughly 134 properties across 36 states, more than 4.1 million square feet, and over $1.083 billion in sponsored transactions 4.
In the news
Frequently asked questions
Is Cove Ponder Small Bay Industrial 101 DST currently active?
Cove Ponder Small Bay Industrial 101 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 Ponder Small Bay Industrial 101 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.