Houston Small Bay 122 DST filed a Form D for up to $13,485,652 under Rule 506(c) at a $1,000 minimum, naming Cove Capital Investments as promoter; the property, debt, and distribution terms are not disclosed until offering documents or marketing appear.
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Houston Small Bay 122 DST reported a $1,000 minimum investment in its Form D, filed with the Securities and Exchange Commission on July 21, 2026.
FNEX Capital, LLC is the named broker-dealer, and the Trust claimed Rule 506(c), which permits general solicitation subject to the requirement that every purchaser be a verified accredited investor.
The offering ceiling is $13.49 million. The filing reports sales commissions equal to 6.0% of that maximum and no finder's fees.
Field | As filed |
|---|---|
Filing | Form D (new), accession 0002145974-26-000001 |
Filed | July 21, 2026 |
Exemption | Rule 506(c) |
Offering amount | Up to $13,485,652 |
Amount sold as of July 21, 2026 | $0, 0 investors |
Sales commissions | $809,138 |
Finder's fees | $0 |
Jurisdiction | Delaware |
Industry as filed | Commercial |
First sale | Yet to occur, per the filing |
Named for Houston, addressed in Torrance
The only street address in the filing belongs to the promoter: 2958 Columbia Street, Torrance, California, the office of Cove Capital Investments and of Dwight Kay and Chay Lapin, the two executive officers listed. Kay signed for the issuer as manager of its sole member. Houston appears in the marketing title and nowhere else in the document. The industry is stated as Commercial. There is no property address, no debt terms, no fee schedule beyond the commission line and nothing on distributions; the offering documents will state those terms.
Through July 22, 2026, the public record on this Trust runs to the filing itself and a StreetInsider republication of it dated July 21, 2026. No trade-press or national coverage surfaced.
Frequently asked questions
What did Houston Small Bay 122 DST file?
It filed a Form D, a notice of an exempt offering, with the SEC on July 21, 2026, for up to $13,485,652. As of the filing date, no sales had occurred.
What does the Rule 506(c) exemption mean for this offering?
Rule 506(c) permits the sponsor to advertise the offering publicly, on the condition that every purchaser is a verified accredited investor. It differs from 506(b), which bars general solicitation but allows some non-accredited investors.
How large are the commissions?
The filing reports sales commissions of $809,138, which equals 6.0% of the maximum offering of $13,485,652. No finder's fees are reported.
What property does the trust hold?
The Form D does not say. It carries no property address, debt terms, or distribution terms; the industry is listed only as Commercial. Those details remain unknown until offering documents or sponsor marketing appear.
Has the offering raised any money yet?
No. The filing reports $0 sold and 0 investors as of July 21, 2026, and states the first sale has yet to occur.