Cove Capital Investments LLC, a private equity real estate firm and DST sponsor company, announced it has retained Doug Kay, a former US Navy commander and operational expert, as senior vice president of operations.
Cove says that Kay will apply his more than 20 years of military experience to bolster Cove Capital’s strategic leadership, operational efficiencies and client experiences.
The company says Kay will oversee Cove’s asset management teams and work closely with the acquisitions team to facilitate the continued growth of the firm’s debt-free real estate assets in the logistics, industrial and multifamily sector.
“We are very excited to have Doug join the Cove Capital Investments group,” said Chay Lapin, managing member and co-founder of Cove Capital Investments. “One of the aspects that makes Cove Capital so unique is that we are one of the largest sponsors of debt-free real estate offerings for investor’s 1031 exchange and direct cash investments. Because more and more investors, broker-dealers, registered representatives and registered investment advisors are attracted to our debt-free business model, Cove Capital continues to grow. As a retired commander in the United States Navy, Doug possesses the critical skills necessary to take Cove Capital to the next level through strategic leadership, operational improvements, and technological processes. In addition, his ability to manage multiple entities in a strategic coordinated manner will benefit all aspects of our firm.”
“I am thrilled to be joining this incredible group of real estate professionals,” said Kay. “Cove Capital operates at the top of the real estate market when it comes to professionalism, integrity and hyper-centric focus on investor relationships. This is a great opportunity for me to help share some of the unique skill sets I have learned and practiced over the past two decades.”
Kay received his degree in oceanography from the United States Naval Academy in Annapolis, Maryland, and received an EMBA from the Naval Postgraduate School in Monterey, California.
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 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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