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Cove Capital Buys New Orleans Dialysis Facility for DST Offering

Cove Capital Investments LLC, a sponsor of debt-free Delaware statutory trust offerings, has purchased a dialysis facility located in LaPlace, Louisiana.

Cove Capital Investments LLC, a sponsor of debt-free Delaware statutory trust offerings, has purchased a dialysis facility in LaPlace, Louisiana.

The property, located at 704 Belle Terre Blvd, is net leased to Fresenius Medical Care (NYSE: FMS), an outpatient kidney dialysis services provider. According to a filing with the Securities and Exchange Commission, Cove Capital launched its Regulation D Rule 506(c) offering, Cove LaPlace Dialysis 26 DST, in January 2021 and seeks to raise nearly $5.6 million in investor equity.

Cove Capital Investments creates 1031 exchange DST investments for accredited investors. The firm’s principals have sponsored and co-sponsored the syndication of more than 1.3 million square feet of DST properties in the multifamily, net lease, industrial and office sectors, according to the company’s website.

Click here to visit The DI Wire directory sponsor page.