Home Alts News Cove Capital Adds Texas Asset to Debt-Free Opportunistic Fund

Cove Capital Adds Texas Asset to Debt-Free Opportunistic Fund

Cove Capital Investments LLC, a private equity real estate firm and Delaware statutory trust sponsor company announced it has purchased a Dutch Bros net lease asset in El Paso, Texas.

Cove says the purchase is part of the firm’s Opportunistic Fund 75, a fund that seeks to raise $100 million in equity from accredited investors with a minimum investment requirement of $25,000.

“We believe this net lease asset is a good fit for the Cove Opportunistic Fund 75 which seeks to provide investors a diversified real estate portfolio that is non-correlated to the stock market and designed to provide our growing number of accredited investors, broker-dealers, registered representatives and RIA’s the potential for regular income, capital appreciation and tax efficiencies without the added risk of debt,” said Dwight Kay, managing member and founding partner of Cove Capital Investments.

The net lease asset was purchased with 0% leverage.

“Our Cove acquisitions team identified this offering as a nice addition to our Cove Opportunistic Fund 75. At Cove, we like to stress – Location, Location, Location. This asset is located in a densely populated region of El Paso, just 20 minutes away from El Paso International Airport, Downtown El Paso and the University of Texas at El Paso.” said Cove Capital’s managing member and co-founder, Chay Lapin.

Cove Capital Investments is a private equity real estate firm providing accredited investors access to 1031 exchange-eligible Delaware statutory trust properties, as well as other real estate investment offerings. The team consists of acquisitions, asset management, accounting, due diligence, in-house counsel, investor relations, marketing and capital markets. Cove has sponsored over 1.9 million square feet of 1031 DST and real estate offerings in the multifamily, net lease, industrial and office sectors.

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