Cove Texas Net Lease 67 DST
Net lease property in Mansfield and Hurst, TX — sponsored by Cove Capital Investments
Minimum investment
$1k
Offering size
$21.5M
How much has sold
19.0%
Asset type
Net lease property
Location
Mansfield and Hurst, 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 Texas Net Lease 67 DST is a Delaware Statutory Trust — a passive co-ownership vehicle whose interests qualify for 1031 exchanges — holding two net-lease buildings in Mansfield and Hurst, Texas.2 Cove Capital Investments bought them without mortgage debt and later reported the offering fully subscribed in February 2024, though only the July 24, 2023 Form D sits on the SEC record.4
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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 Trust holds two single-tenant net-lease buildings in Mansfield and Hurst, Texas, both inside the Dallas–Fort Worth Metroplex.2 Cove Capital announced on August 17, 2023 that it had completed the purchase of both properties for this Trust.2 Exact street addresses, building sizes, and construction dates do not appear in the public records reviewed for this profile.
- Reported location
- Mansfield and Hurst, TX
Who is the tenant, and what's the lease?
Both buildings carry new 20-year net leases that the sponsor describes as corporately backed, meaning the tenant rather than the Trust bears most property-level costs.2 The operator is Guidepost Montessori, and the sponsor states that parent company High Ground Education guarantees the lease for its full duration.3
How did it end?
No ending on record
No public full-cycle or sale announcement was found for Cove Texas Net Lease 67 DST (two-property Guidepost Montessori portfolio in Mansfield and Hurst, TX; fully subscribed Feb 15, 2024); status remains unknown.
Supporting evidence
How is it financed, and what does it pay?
Cove Capital bought both buildings debt-free, with no mortgage on the properties.3 That means no lender, no loan maturity to refinance, and no foreclosure risk — and no borrowed money amplifying results in either direction.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
Cove Capital Investments sponsors a large family of Delaware Statutory Trusts, most of them structured without mortgage debt, and files from 2958 Columbia Street in Torrance, California.1 The firm announced completion of this Trust's two-property acquisition on August 17, 2023.2 In February 2024 it reported the offering fully subscribed.4
- Sponsor
- Cove Capital Investments
- Legal Trust name
- Cove Texas Net Lease 67 DST
- May convert to a REIT
- No
- 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?
A single Form D — the short notice an issuer files with the SEC to claim a private-placement exemption — appears on the record, with no amendments since.1 It was offered under Rule 506(c), which lets a sponsor advertise the offering publicly but requires every purchaser to be verified as an accredited investor.
- 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 Texas Net Lease 67 DST?
Top1031 lists Cove Texas Net Lease 67 DST as historical. It is no longer raising money.
Where does Top1031 get the data for Cove Texas Net Lease 67 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 Cove Texas Net Lease 67 DST?
Probably not. Cove Capital reported in February 2024 that the offering was fully subscribed, and no later filing appears in the SEC submissions record for this Trust beyond the Form D filed July 24, 2023. Availability of any secondary or remaining interests would have to be confirmed with the sponsor directly.
What does a debt-free or 0% leverage DST actually mean here?
It means the Trust bought its two Texas buildings with equity only — no mortgage encumbers the properties. There is no lender, no loan covenants, and no maturity date forcing a refinance or sale, so an investor's outcome depends on the leases and the eventual property values rather than on debt terms. Investors seeking to replace debt in a 1031 exchange should note that an all-cash Trust passes through no mortgage liability.
Who is the tenant, and who stands behind the lease?
The operator is Guidepost Montessori, an early-childhood education operator. Cove Capital's offering page states that Guidepost's parent company, High Ground Education, guarantees the lease for the full lease term, and the sponsor's acquisition release described both leases as new 20-year, corporately backed net leases.
Where exactly are the two properties?
Cove Capital's August 17, 2023 acquisition release named Mansfield and Hurst, Texas, both in the Dallas–Fort Worth Metroplex. One trade headline (AltsWire, February 2024) instead referenced Lewisville, Texas; the sponsor's own release is the more specific source. Street addresses and square footage were not disclosed in the records reviewed.
Has the Trust sold the properties or gone full cycle?
No outcome has been reported. No public full-cycle sale or disposition announcement for Cove Texas Net Lease 67 DST was found in the entity records reviewed, and the SEC file shows no filing after the July 24, 2023 Form D.
Could this Trust convert into a REIT through a 721 exchange?
The Top1031 record shows no 721/UPREIT feature for this Trust — that is, no disclosed mechanism to contribute the property to a REIT's operating partnership in exchange for REIT units. Any exit terms, including a sale, would be governed by the private placement memorandum (PPM), the Trust's controlling offering document.
Chapter 9Cove Capital Fully Subscribes $21.4M Texas Net Lease OfferingConnectCRE reports Cove Texas Net Lease 67 DST, a $21.4M Reg D Rule 506(c) offering, was fully subscribed; the portfolio comprises two net-lease assets in the Dallas-Fort Worth area. Cove Capital Announces Fully Subscribed DST in Lewisville, TXAltsWire reports Cove Texas Net Lease 67 DST was acquired with 0% leverage for 1031 exchange investors seeking debt-free exposure; the offering was reported as fully subscribed. Cove Capital Investments Completes the Acquisition of Two Long-Term Net Lease Properties as Part of Its Debt-Free Texas Net Lease 67 DSTCove Capital completed acquisition of two long-term net lease buildings in Mansfield and Hurst, TX (DFW) as part of the $21.4M Texas Net Lease 67 DST, a Reg D Rule 506(c) offering with 20-year corporately-backed net leases and 0% leverage.