Cove Debt Free Winston-Salem Distribution DST has reached full cycle. Cove Capital Investments lists the program among its completed offerings on its published track record, in an announcement on its site, and records the exit as a property sale.
Item | Detail |
|---|---|
Trust | Cove Debt Free Winston-Salem Distribution DST |
Sponsor | Cove Capital Investments |
Asset class | Commercial; the Trust's marketing title names a Winston-Salem, North Carolina distribution property |
Exemption | 506(c) |
First Form D filing | |
Offering amount | $2,735,250 |
Minimum investment | $25,000 |
Exit type | Property sold |
Cove Capital puts the total return at 126.72%, as reported by the sponsor in its full-cycle announcement, and the annualized return at 7.19%, as reported by the sponsor in the same announcement.
That announcement is the only source for either number. It carries no sale price and no sale date, and no offering document setting the Trust's distribution terms is public, so nothing in the record corroborates the figures or shows what the original documents told investors those terms would be. Top1031 carries both returns at low confidence on that basis.
Nor does the record establish the hold. Neither the date the Trust acquired the Winston-Salem property nor the date it sold appears in it, and the Form D fixes only when the offering began.
No earlier full cycle appears on Top1031's record for Cove Capital Investments. For this offering, the trail ends with the announcement of the sale.