Cove Capital Appoints Vice President of Multifamily Acquisitions
Cove Capital Investments LLC., a private equity real estate firm specializing in debt-free Delaware statutory trusts and other investment offerings, has hired Carlos Valdivia as vice president of multifamily acquisitions.
Cove Capital Investments LLC., a private equity real estate firm specializing in debt-free Delaware statutory trusts and other investment offerings, has hired Carlos Valdivia as vice president of multifamily acquisitions.
In his new role, Valdivia will lead Cove Capital’s multifamily acquisition efforts by pursuing value-add opportunities nationwide. Specifically, he will oversee all aspects of multifamily acquisitions including identification, financial modeling, valuation analysis, asset due diligence, deal structuring, and transaction execution from pursuit to closing.
“Carlos’ experience with all facets of the commercial real estate industry, his deep understanding of the capital markets, and experience in the multifamily sector will be a valuable asset to the entire Cove investment family, including clients, investors, broker-dealers, registered representatives and RIAs,” said Dwight Kay, managing member and co-founder. “We are excited to include Carlos as a member of our high-performing team, and excited to see how he will utilize his skill sets to benefit our firm.”
Valdivia has more than two decades of experience in commercial real estate investing, including asset management, redevelopment, leasing, finance, and valuations /appraisals.
Before joining Cove Capital, he was vice president for Tokyu Land US Corporation, a publicly traded Japanese-held real estate investment firm, where he focused on the acquisition and management a portfolio of $1.2 billion of multifamily, office, and student housing properties located across the country. Before that, according to his LinkedIn page, he was a principal at Cornerstone Realty Capital and a vice president of Prologis.
“As Cove Capital continues to grow our portfolio of high-quality debt-free DST assets, we see an opportunity to enhance investor return potential by acquiring value-add multifamily and retail assets and raise operating income through strategic leasing initiatives and asset improvements. Carlos brings the right balance of experience, integrity, industry relationships, and deep understanding of the commercial real estate industry,” said Chay Lapin, investments managing member and co-founder.
Valdivia holds a bachelor’s degree in economics and an MBA with a concentration in real estate and finance, both from Stanford University.
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. The firm has reportedly sponsored and co-sponsored the syndication of more than 2.3 million square feet of 1031 DST and real estate offerings in the multifamily, net lease, industrial and office sectors.
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