The FedEx facility at 12900 Plantside Drive in Louisville, Kentucky, sold on October 2, 2025. Louisville Business First reported the sale that day, and a dated transaction record carries the same deal.
Top1031 matches that property to Cove Louisville Industrial 19 DST, the Cove Capital Investments Delaware Statutory Trust (DST) offering whose first Form D reached the SEC in 2020. Nothing in the transaction record identifies the Trust by name. The match rests on the property, the tenant, and the timing lining up, and no document closes it.
Record | |
|---|---|
Trust | Cove Louisville Industrial 19 DST |
Sponsor | Cove Capital Investments |
Asset class | Commercial |
Exemption | Rule 506(c) |
Total offering amount | $4,365,428 |
Minimum investment | $1,000 |
First Form D filed | August 14, 2020 |
Disposition | Property sold |
Reported sale price | $36.65 million, as reported by the sponsor and carried in Louisville Business First's October 2, 2025 account |
Hold, measured from the first Form D filing to the sale date | 5.1 years |
The two dollar figures above look comparable and are not. One is what the Trust was permitted to raise from investors under its Form D. The other is what the building traded for. No document states what the Trust paid for the property, what share of it the Trust held, or how the sale proceeds were apportioned, so the two cannot be read against each other. Top1031 records the price on a sponsor-announcement basis, at medium confidence.
No announcement naming the Trust as full cycle appears in the material reviewed here, and no investor-return figures for it appear there either. That is the bounded result of the material reviewed, not proof that no such disclosure exists.
What the public record establishes is the sale, its date, and a hold measured from the Trust's first filing to that sale. The eventual result for each investor is a matter of the sponsor's disclosure to its own holders, and that disclosure is not public.