Cove Capital Takes Montana DST Offering Full Cycle

Cove Capital Investments, a sponsor of Delaware statutory trusts and other real estate investment offerings, brought Cove Missoula Multifamily DST offering full-cycle.

Cove Capital Investments, a sponsor of Delaware statutory trusts and other real estate investment offerings, brought Cove Missoula Multifamily DST offering full-cycle on behalf of multiple 1031 exchange and direct cash investors.

The Montana multifamily property sold for $8.14 million. The trust acquired the property in 2019 for $4.4 million.

“The strategically located property was offered to investors as a debt-free investment option to provide a lower-risk profile for both 1031 exchange and direct cash investors,” said Dwight Kay, managing member and co-founder of Cove Capital Investments. “We are very pleased to have provided another successful custom DST investment opportunity for our clients that resulted in a full-cycle liquidity event with meaningful equity growth and appreciation.”

According to Cove, those who invested in the trust on the same day the property was acquired realized a 149.21% total return on their investments, or a 18.29% average annualized return from their DST 1031 investment.

“Our Cove Capital acquisitions, and asset management team recognized that this newly constructed multifamily building, located just a short drive from downtown with tons of amenities, and minutes from the University of Montana, created a potentially favorable investment scenario for our investors,” said Chay Lapin, Cove Capital’s managing member and co-founder.

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.

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