How many DST programs has Cove Capital Investments sponsored?

Top1031 found 101 Cove Capital Investments programs in SEC Form D filings. The first was filed in 2018. Each is listed in the track record on this page with a link to its SEC filings.

What kind of property does Cove Capital Investments put in its DSTs?

Of the 76 Cove Capital Investments offering records on Top1031, 33 are industrial, 15 net lease, four multifamily and one office.

What is the minimum investment for Cove Capital Investments DSTs?

Each of its active offerings with a stated minimum lists $1,000, as shown on each offering’s page.

What results has Cove Capital Investments published for its DSTs?

On its Record Card, seven of its 101 programs sold with a result reported by the sponsor, each beside its source. Sponsor-stated figures are as reported by the sponsor; Top1031 does not compute or estimate returns.

How do I ask about Cove Capital Investments offerings?

Use the “Ask a specialist about these offerings” button at the top of Cove Capital Investments’ offerings list on this page. Top1031 is not a broker-dealer or investment adviser and does not provide tax, legal, or investment advice.

Sponsors/Cove Capital Investments

Cove Capital Investments

DST sponsorfirst SEC filing 2018covecapitalinvestments.com

Active offerings18Plus 7 recently fully subscribed Programs on record101SEC Form D filings

First filed2018Earliest Form D on record

Property focusIndustrial 62%53 of 76 with a stated type

Counted by Top1031 from SEC Form D filings · updated Oct 16, 2026 · Record Card evaluated Oct 12, 2026

Sponsor Record Card

Grade B

7 completed sales; 0 losses or impairments; 7 counted Programs.

Completed sales: 7

Lost or impaired 0 · Counted Programs 7

See the full card Read the method

Cove Capital Investments has sponsored 101 Delaware Statutory Trust (DST) programs found in SEC Form D filings since 2018, most often industrial properties. Today its SEC filings show 18 active offerings; the newest was first filed on Sep 23, 2026. Seven more are recently fully subscribed.

1Offerings 18 2Record Card 3About 4Track record 101 5News 6Questions 7Similar sponsors

Offerings 18 Record Card About Track record 101 News Questions Similar sponsors

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1Offerings 18
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3About
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5News
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Cove Capital Investments DST offerings (18 active)

Active means an SEC filing in the last 15 months and not reported fully subscribed. It does not confirm you can still invest. 7 recently fully subscribed offerings are listed last, marked Sold out, and not counted as active.

Ask a specialist about these offerings

OfferingOffering sizeMinimumAmount soldFirst filedWatchlist

Example record — amount sold shown

Waynesboro VA ECOMMERCE 126 DSTWaynesboro, VASEC filing, Sep 23, 2026 ↗

$13.6M$1,000

$11.8M

87%Filed Sep 23, 2026

Sep 23, 2026

Virginia Small Bay 121 DSTNewport News, VASEC filing, Aug 28, 2026 ↗

$16.2M$1,000

$2.8M

17%Filed Aug 28, 2026

Aug 28, 2026

Essential Gurnee Industrial 123 DSTGurnee, ILSEC filing, Aug 19, 2026 ↗

$10.0M$1,000

$1.1M

11%Filed Aug 19, 2026

Aug 19, 2026

Essential Montgomery Industrial 127 DSTSEC filing, Aug 11, 2026 ↗

$9.5M$1,000

$1.6M

17%Filed Aug 11, 2026

Aug 11, 2026

Southfield Corporate 118 DSTOffice · Southfield, MISEC filing, Jul 15, 2026 ↗

$11.0M$1,000

$1.2M

11%Filed Jul 15, 2026

Jul 15, 2026

Callahan FL Tractor 124 DSTNet lease · Callahan, FLSEC filing, Jul 15, 2026 ↗

$8.6M$1,000

$2.7M

31%Filed Jul 15, 2026

Jul 15, 2026

The EllingtonMultifamily · San Antonio, TXSEC filing, Jun 11, 2026 ↗

$15.8M$1,000

$5.7M

36%Filed Jun 11, 2026

Jun 11, 2026

Shreveport Opportunity 120 DSTIndustrial · Shreveport, LASEC filing, Jun 11, 2026 ↗

$7.1M$1,000

$100k

1%Filed Jun 11, 2026

Jun 11, 2026

Grocery-anchored shopping center, US Hwy 62 retail corridorNet lease · Princeton, KYSEC filing, Jun 11, 2026 ↗

$5.3M$1,000

$726k

14%Filed Jun 11, 2026

Jun 11, 2026

Cove Essential Net Lease Industrial 116 DSTIndustrial · Paducah, KYSEC filing, May 27, 2026 ↗

$14.6M$1,000

$7.7M

53%Filed May 27, 2026

May 27, 2026

Cove Essential Net Lease Industrial 114 DSTIndustrial · Mobile, ALSEC filing, Mar 16, 2026 ↗

$12.1M$1,000

$9.2M

76%Filed Mar 16, 2026

Mar 16, 2026

Cove Weatherford Small Bay Industrial 107 DSTIndustrial · Weatherford, TXSEC filing, Jan 23, 2026 ↗

$6.9M$1,000

$1.4M

20%Filed Jan 23, 2026

Jan 23, 2026

Cove Essential Net Lease Industrial 108 DSTIndustrial · Anchorage, AKSEC filing, Jan 22, 2026 ↗

$10.0M$1,000

$8.0M

80%Filed Jan 22, 2026

Jan 22, 2026

New Mexico distribution centerIndustrial · Tularosa, NMSEC filing, Jan 7, 2026 ↗

$5.5M$1,000

$2.1M

39%Filed Jan 7, 2026

Jan 7, 2026

Frito-Lay distribution facility, Pomfret NYIndustrial · Pomfret, NYSEC filing, Dec 17, 2025 ↗

$3.6M$1,000

$3.3M

91%Filed Dec 17, 2025

Dec 17, 2025

Frito-Lay distribution facility, Vicksburg MSIndustrial · Vicksburg, MSSEC filing, Dec 9, 2025 ↗

$4.8M$1,000

$2.9M

60%Filed Dec 9, 2025

Dec 9, 2025

Cove Florida Industrial 98 DSTIndustrial · Fort Walton Beach, FLSEC filing, Sep 26, 2025 ↗

$12.0M$1,000

$9.8M

82%Filed Sep 26, 2025

Sep 26, 2025

Cove Diversified Portfolio 94 DSTIndustrial · Multi-state (2)SEC filing, Aug 14, 2025 ↗

$15.6M$1,000

$450k

3%Filed Aug 14, 2025

Aug 14, 2025

Houston Small Bay 122 DSTIndustrialSEC filing, Jul 21, 2026 ↗

Sold out

$13.5M$1,000

Filed Jul 21, 2026

Not reportedJul 21, 2026

Saddle Creek Crossing retail centerNet lease · Wichita, KSSEC filing, Apr 20, 2026 ↗

Sold outChecked Sep 6, 2026

$13.0M$1,000

$5.2M

40%Filed Apr 20, 2026

Apr 20, 2026

Cove Burleson Small Bay Industrial 112 DSTIndustrial · Burleson, TXSEC filing, Feb 27, 2026 ↗

Sold out

$7.2M$1,000

$6.8M

95%Filed Feb 27, 2026

Feb 27, 2026

Nineteen-building flex industrial parkIndustrial · Ponder, TXSEC filing, Oct 31, 2025 ↗

Sold out

$18.7M$1,000

$811k

4%Filed Oct 31, 2025

Oct 31, 2025

Cove Fort Worth Small Bay Industrial 96 DSTIndustrial · Fort Worth, TXSEC filing, Sep 26, 2025 ↗

Sold out

$9.3M$1,000

$4.4M

48%Filed Sep 26, 2025

Sep 26, 2025

Frito-Lay distribution facilityIndustrial · Walla Walla, WASEC filing, Sep 17, 2025 ↗

Sold out

$5.5M$1,000

$5.2M

95%Filed Sep 17, 2025

Sep 17, 2025

Cove Texas Build-to-Rent 97 DSTMultifamily · San Antonio, TXSEC filing, Aug 8, 2025 ↗

Sold out

$27.2M$1,000

$3.1M

12%Filed Aug 8, 2025

Aug 8, 2025

Show all 25 offeringsShow fewer

Open Cove Capital Investments in the directory →

Cove Capital Investments Record Card

Top1031 Sponsor Record Card

Cove Capital Investments

How this letter was decided

Grade B

7 completed sales; 0 losses or impairments; 7 counted Programs.

Completed sales 7Losses or impairments 0Counted Programs 7

Of 101 Programs, 7 count toward the Grade: 7 completed sales and 0 losses or impairments. The lines below describe all Programs, including those outside the Grade count.

No documented loss found in searched sources as of Oct 12, 2026.

Programs found in SEC fundraising filings (Form D): 101
Sold, result reported by the sponsor: 7
Sold, result not reported by the sponsor: 0
Sold according to the sponsor, not yet verified by us: 0
Moved into a REIT instead of sold: 0
Lost investors' money, or capital at documented risk: 0
Older than 7 years, confirmed still operating: 2
Older than 7 years, no public outcome found: 7
No outcome recorded · under 7 years: 85
Share of programs over 3 years old whose status we confirmed: 23%

Sources searched

SEC EDGAR Form D filings
Sponsor offering documents
Court, county and regulator records: PACER and federal court dockets, Epiq/KCC/Stretto claims-agent dockets, county recorder and sheriff-sale records, regulator filings, press wires

If we missed a sale, a reported result or a public record, send it. Evidence changes a Grade.

Submit a correction ↗

About Cove Capital Investments

Cove Capital Investments is a Delaware Statutory Trust sponsor that provides accredited investors with debt-free, zero-leverage DST interests for 1031 exchanges and direct cash investment, an approach the firm describes as purposeful, contrarian risk mitigation. Co-founded by Dwight Kay and Chay Lapin, Cove has sponsored net-lease industrial and distribution, retail, medical and multifamily programs across the United States. As of March 31, 2026, the firm reported more than $1.083 billion in offerings, over 4.1 million square feet of sponsored real estate, and more than $201.8 million of capital returned to investors since inception. Cove has also taken several all-cash DST programs full cycle, including multifamily and logistics assets.

Sponsor-stated figures are as reported by the sponsor.Sources: covecapitalinvestments.com · Web page · 2026 · covecapitalinvestments.com · Web page · Undated · prnewswire.com · Press release · 2022 · prnewswire.com · Press release · Undated · covecapitalinvestments.com · Press release · 2025 · covecapitalinvestments.com · Web page · Undated · +3 more

Representative completed programs (sponsor-reported)

On October 26, 2022, Cove announced that its Missoula, Montana multifamily DST had gone full cycle, selling for $8,140,000, with investors who closed simultaneously realizing a 149.21% total return and an 18.29% average annualized return ³.

Cove reported that the Cove Dulles Distribution DST — a Sterling, Virginia distribution facility in the Washington, D.C. metropolitan area — sold for $8,150,000, with simultaneous-closing investors realizing a 126.44% total return and an 8.67% average annualized return ⁴^, 5.

Cove also reported that its Winston-Salem, North Carolina industrial distribution facility DST went full cycle, delivering a 126.72% total return and a 7.19% annualized return to the relevant investors ⁶.

Dated program activity

October 3, 2024: Cove announced that its Debt-Free Eastwood Village Opportunity 71 DST in Birmingham, Alabama had been fully subscribed after raising $22,798,024 ⁷.
May 6, 2025: Cove announced it had completed the acquisition of two properties to finalize its Texas Small Bay Industrial Portfolio 86 DST, a newly constructed small-bay industrial portfolio in the greater Houston region ⁵.
November 18, 2025: Cove announced the acquisition of a single-tenant net-lease industrial distribution facility in Vicksburg, Mississippi for its Essential Net Lease Industrial 104 DST in a 100% debt-free transaction ⁵.
May 11, 2026: Cove announced that its Diversified Portfolio 88 DST — five essential net-lease and retail assets totaling approximately 211,000 square feet — had been fully subscribed after raising $27,689,229 ⁵.
June 1, 2026: Cove announced the completed, 100% debt-free acquisition of a mission-critical distribution facility for its Cove Essential Net Lease Industrial 116 DST ⁸.
August 31, 2026: A sponsor-reported update said Cove had fully subscribed its Cove Saddle Creek Kansas 109 DST after raising $12,951,877 from accredited investors ⁹.

Show sources (9)Hide sources (9)

covecapitalinvestments.com · Web page · 2026 ↗ Sponsor disclosureMar 31, 2026
covecapitalinvestments.com · Web page · Undated ↗ Sponsor disclosure
prnewswire.com · Press release · 2022 ↗ Sponsor disclosureOct 26, 2022
prnewswire.com · Press release · Undated ↗ Sponsor disclosure
covecapitalinvestments.com · Press release · 2025 ↗ Sponsor disclosureMay 6, 2025
covecapitalinvestments.com · Web page · Undated ↗ Sponsor disclosure
prnewswire.com · Press release · 2024 ↗ Sponsor disclosureOct 3, 2024
prnewswire.com · Press release · 2026 ↗ Sponsor disclosureJun 1, 2026
sg.finance.yahoo.com · Web page · 2026 ↗ Sponsor disclosureAug 31, 2026

Written from SEC filings and cited sources · Updated Oct 15, 2026

Cove Capital Investments track record (101 programs)

Every program found in SEC Form D filings. Programs with a reported result are listed first, then the rest by first filing year. Each row links to its SEC filings.

Filter by Record Card line

ProgramResult on recordCounted asFiling

Cove Airport Distribution 21 DSTFirst filed 2020121.08% total return, 12.37% annualized Source ↗As reported by the sponsor.

Sold, result reported by the sponsor