Cove Capital Investments Fully Subscribes Industrial Property Offering
Cove Capital Investments announced its Delaware Statutory Trust offering has been fully subscribed, raising $9,964,510. The investment targets a 30,554 sq ft industrial facility in Anchorage, Alaska.
Cove Capital Investments has announced that its Cove Essential Net Lease Industrial 108 Delaware Statutory Trust offering has been fully subscribed. The fund raised $9,964,510 from accredited investors utilizing 1031 exchanges or direct cash investments.
The investment is directed towards a 30,554 square foot, debt-free industrial distribution facility located in Anchorage, Alaska. The property is leased to a global logistics tenant.
The company also noted that a potential exit strategy may involve a 721 exchange rollup. Cove Capital Investments focuses on net lease properties, which typically feature long-term leases and provide stable cash flows.