Cove Capital Investments has taken Cove Airport Distribution 21 DST full cycle. The sponsor's published track record lists the Delaware Statutory Trust (DST) as a completed program, and the disposition on record is a sale of the property.
Item | Record |
|---|---|
Trust | Cove Airport Distribution 21 DST |
Sponsor | Cove Capital Investments |
SEC CIK | 1824648 |
Asset class | Commercial |
Exemption | 506(c) |
First Form D filed | October 1, 2020 (filing) |
Maximum offering amount | $4,653,684 |
Minimum investment | $1,000 |
Exit type | Property sold |
Exit date | not stated |
Sale price | not stated |
Total return | 121.08%, as reported by the sponsor in its full-cycle announcement and on a second sponsor page |
Average annualized return | 12.37%, as reported by the sponsor in its full-cycle announcement and on a second sponsor page |
Both figures come from the sponsor's own pages, and Top1031 carries them at low confidence. No filing and no third-party document in the record reports either one, and the sponsor does not publish, in anything on this record, the basis on which it calculated them.
The Form D dates the offering's start. Nothing dates its end. The hold period therefore cannot be computed, which means the annualized figure cannot be placed against a span of years.
Neither can the result be set beside the offering's original terms, because those terms are not public. The Form D states size and structure and says nothing about distributions, and the private placement memorandum that governed this Trust was never filed.
Top1031's record carries no earlier full cycle for Cove Capital Investments. This is the first entered against the sponsor's name.
The completion is on the record. The purchase price, the sale price, and the closing date are not, which leaves the sponsor's two figures without public arithmetic behind them.