Cove Capital Launches $100 Million Opportunistic Real Estate Fund

Cove Capital Investments LLC, a private equity real estate firm and DST sponsor company, announced that it launched Cove Opportunistic Income Fund 75, a new real estate fund that seeks to acquire a diversified portfolio of stabilized and value-add debt-free real estate assets across the multifamily, industrial and other commercial real estate asset classes.

“Right now, many investors are looking to gain access to real estate as a non-correlated asset class to the stock market,” said Dwight Kay, managing member and co-founder of Cove Capital and Investments. “We believe the Cove Opportunistic Fund 75 could provide investors the potential for regular income, capital appreciation and tax efficiencies all without the risk of debt.”

According to Kay, “the over-arching investment strategy” of the Cove Opportunistic Income Fund 75 will be to identify properties that are both stabilized with long-term leases in place as well as value-add assets that have the potential to be improved through physical renovations, operational improvements, repositioning, lease extensions and renewal opportunities. The fund seeks to raise up to $100 million of equity from accredited investors.

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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