Cove Capital Investments Founders Dwight Kay and Chay Lapin Host DST Due Diligence Seminar at Firm's Los Angeles Headquarters

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Oct 16, 2024, 08:30 ET

Investment advisors and broker-dealers attended a live event to learn more about Cove Capital's history, a risk-averse platform of debt-free Delaware Statutory Trust offerings and plans to launch a new product.

TORRANCE, Calif., Oct. 16, 2024 /PRNewswire/ -- Dwight Kay and Chay Lapin, Managing Members and Founding Partners of Cove Capital Investments, a Delaware Statutory Trust sponsor company specializing in debt-free DST offerings for 1031 exchange investors, announced the firm recently held a Due Diligence conference at the firm's Los Angeles headquarters.

Due Diligence events help due diligence officers, brokers/dealers, and RIAs gain better insight into a DST sponsor company by providing attendees with an in-depth look at the company history, current DST property offerings, market trends, risk factors, and financial track record*. They also offer expert insights from industry professionals to help them make more informed decisions. *Past performance is no guarantee of future results.

Coordinated by Cove Capital's Vice President of Wholesaling, Corey Nolen, the two-day event featured in-depth presentations by Cove Capital founders Dwight Kay and Chay Lapin on the company's history and why the two created a Delaware Statutory Trust sponsor company that focused on debt-free DST offerings.

"I travel across the country speaking with due diligence officers, RIAs and broker-dealers, and one of the first questions I get asked is about the history of Cove Capital and why we are so dedicated to the concept of debt-free DST offerings. Listening directly to Dwight and Chay describe Cove's dedication to risk mitigation and principal preservation made a very positive impression on the many members of our selling group distribution partners in attendance," said Nolen.

The Cove Capital DST Due Diligence conference also included presentations from Ted Vidmar, Cove Capital's Chief Financial Officer, and key members of its operations, investor relations, wholesaling and asset management departments.

Additional topics included a review of past offerings and their performance* and deep dives into current debt-free DST real estate offerings, which are available on the www.covecapitalinvestments.com website for 1031 exchange investors as well as direct cash investors. *Past performance is no guarantee of future results.

One of the highlights of the Cove Capital Due Diligence event included an indication of interest on a soon-to-launch 721 "UPREIT" vehicle.

"Section 721 of the Internal Revenue Code states that no gain or loss will be recognized when property is contributed to a partnership in exchange for an interest. Specifically, the 721 exchange allows real estate investors to defer capital gains taxes by exchanging their property for operating partnership units (OP units) in the operating partnership of a real estate investment trust (REIT). As a Delaware Statutory Trust sponsor firm, it is a natural evolution for Cove Capital to establish a 721 UPREIT strategy for our investors," explained Kay.

Any due diligence officers, broker-dealers or RIAs interested in attending future events should contact Corey Nolen to inquire about future DST conferences, either in Cove's Torrance, CA office or on-site at one of Cove Capital's assets.

About Cove Capital Investments
Cove Capital Investments is a Delaware Statutory Trust sponsor company that operates a portfolio of over 2.4 million square feet of real estate in 33 states nationwide. Over 1,800 investors have trusted Cove Capital with their 1031 exchange and investment dollars, many of them being repeat investors in multiple DST offerings over the years. Our offerings are attractive to those investors seeking to lower risk potential as the majority of Cove Capital's DST offerings are debt free (no mortgage - no lender foreclosure risk). To sign up for a list of the current Cove Capital offerings available for 1031 exchange and direct investments please visit www.covecapitalinvestments.com.

For further information, please visit www.covecapitalinvestments.com or contact Cove Capital at (877) 899-1315 and via email at [email protected].

*Past performance is no guarantee of future results.
* Diversification does not guarantee profits or protect against losses.
*This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the "Memorandum"). Please read the entire Memorandum paying special attention to the risk section prior to investing. This material contains information that has been obtained from sources believed to be reliable. However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Securities offered through FNEX Capital, member FINRA, SIPC.

SOURCE Cove Capital Investments