SHREVEPORT OPPORTUNITY 120 DST
Industrial in Shreveport, LA — sponsored by Cove Capital Investments
No public property details found; Form D filed 6/11/26, $7.1M offering; city inferred from trust name only
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What is this, in one paragraph?
Shreveport Opportunity 120 DST is a Delaware statutory trust — a passive property-owning entity whose beneficial interests can serve as replacement property in a 1031 exchange — sponsored by Cove Capital Investments. Cove Capital reported completing the acquisition of a 29,000-square-foot retail asset in Bayou Walk Shopping Center, Shreveport, and forming this Trust to hold it.2 The Offering is raising now.
Sponsor-reported, from SEC filings and cited 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?
Cove Capital reported completing the purchase of a 29,000-square-foot retail asset inside Bayou Walk Shopping Center and forming this Trust to hold it.2 A broker listing for the uniquely matching asset places it at 6596 and 6590 Youree Drive.4 The Form D describes the issuer and its securities, not the building: no street address, seller, or purchase price appears in it.1 Top1031's filing data classifies the asset as industrial; the sponsor describes the same property as retail.
- Reported location
- Shreveport, LA
Who is the tenant, and what's the lease?
Petco and Boot Barn occupy the space; a broker listing for the matched asset describes NN leases — tenants carry most operating costs while the owner keeps some structural and capital duties — with two five-year renewal options.4 Cove Capital reported on August 27, 2026 that both tenants had exercised renewal options under corporate-guaranteed leases.3
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.
- Amount sold
- $100,000
- Reported unsold
- $6,968,288
- Investors reported
- 1
- Total offering
- $7,068,288
How is it financed, and what does it pay?
Cove Capital reported buying the property debt-free, on an all-cash basis — no mortgage, no lender, and no loan maturing partway through the hold.3 The Form D covers the securities offering rather than property-level debt and names no lender, which is why Top1031 carries leverage as unknown.1
Who's behind it?
Cove Capital Investments sponsors 1031 exchange DSTs and markets a platform built around debt-free, all-cash acquisitions; the Form D names Cove Capital Investments, LLC as a related person and promoter of this offering.1 In a July 17, 2026 announcement the sponsor reported portfolio statistics of $1,133,765,047 across 137 properties and 2,768 investors; that announcement did not mention this Trust.
- Sponsor
- Cove Capital Investments
- May convert to a REIT
- No
- Offerings from this sponsor
- 24 active / 58 total offerings from Cove Capital Investments
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
The Trust registered nothing with the SEC. It filed a new-notice Form D — the brief federal notice of a securities sale made under an exemption from registration — rather than an amendment to an earlier notice, and none has followed since.1 The exemption used permits public advertising but limits purchasers to verified accredited investors.
- Form D filedFirst and latest filing on record.
- Legal Trust name
- SHREVEPORT OPPORTUNITY 120 DST
- 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 SHREVEPORT OPPORTUNITY 120 DST still raising money?
The sponsor’s SEC filings show the offering raising money within the past 15 months. A filing does not by itself confirm you can still buy in.
Where does Top1031 get the data for SHREVEPORT OPPORTUNITY 120 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.
What property does this Trust own?
Cove Capital Investments reported, in an announcement dated August 18, 2026, that it had completed the acquisition of a 29,000-square-foot retail asset in the Bayou Walk Shopping Center in Shreveport, Louisiana, and formed Shreveport Opportunity 120 DST to hold it. A broker listing for the uniquely matching asset — same size, same center, same two occupants — gives the address as 6596 and 6590 Youree Drive, Shreveport, LA 71105, and shows the property as sold. The Trust's Form D contains no property description at all, so the deed, seller, and purchase price are offering-document questions.
Who are the tenants, and what kind of leases do they have?
Petco and Boot Barn. A broker listing for the matched asset describes the property as 100% leased under NN leases — a structure in which tenants pay most operating expenses while the landlord retains certain structural and capital obligations — with two five-year renewal options and roughly 5.5 years remaining on the then-current terms; that listing is undated. Cove Capital separately reported that the property is fully occupied by two nationally recognized brands under corporate-guaranteed leases and that both tenants had exercised renewal options. No tenant or lease information appears in the Form D, so expirations, guaranty language, and expense responsibilities are PPM and lease-abstract questions.
Is the property financed with a mortgage?
Cove Capital reported that the acquisition was made debt-free on an all-cash basis. That is a sponsor-reported condition: the Trust's Form D covers the securities offering rather than property-level debt and names no lender, which is why Top1031's filing data carries leverage as unknown. Whether the trust agreement permits any future borrowing is a PPM question.
What did the sponsor say about how the property was priced?
In its August 27, 2026 announcement Cove Capital described the all-cash purchase as made at approximately 30% below current replacement cost and reported in-place rents at approximately 29% below the submarket average. Those are the sponsor's own characterizations; no independent appraisal or SEC filing in the public record verifies them, and the Form D states no purchase price.
How much is the Offering seeking, and who can buy in?
The Form D filed June 11, 2026 reports a Regulation D, Rule 506(c) offering with a total offering amount of $7,068,288, and Cove Capital's August 2026 announcements describe the same figure as equity sought from accredited investors. Rule 506(c) lets a sponsor advertise an offering publicly but requires every purchaser to be an accredited investor — someone meeting SEC income or net-worth thresholds — and requires the sponsor to take reasonable steps to verify that status, typically through tax returns, brokerage statements, or a CPA or attorney letter.
Why does the asset type say industrial when the sponsor calls it retail?
Top1031's pipeline data classifies the offering as industrial, while Cove Capital's August 2026 releases and the matching broker listing describe a 29,000-square-foot retail property occupied by two national retail brands. The Form D contains no property description that settles the conflict. The PPM, the leases, and the deed are where the building's use is confirmed.