Cove Capital Investments Announces It Has Fully Subscribed Its General Time Industrial Park Opportunity 84 DST in Athens, GA

Cove Capital successfully raised $16.5 million from investors to fully subscribe this 100% debt-free DST offering

LOS ANGELES, June 11, 2025 /PRNewswire/ -- Cove Capital Investments, LLC, a DST sponsor company that specializes in providing accredited investors access to debt-free investment options for their 1031 exchange and direct cash investments, announced its General Time Industrial Park Opportunity 84 Delaware Statutory Trust Offering, a Regulation D, Rule 506(c) Delaware Statutory Trust offering, is fully subscribed. The total amount of equity raised for the offering was $16,527,966.

"We are extremely pleased to have fully-subscribed Cove's General Time Industrial Park 84 DST," said Dwight Kay, Managing Member and Founding Partner of Cove Capital Investments. "This was a very unique offering in that it provided investors an opportunity to invest in a creative infill industrial location that was purchased at below replacement cost as well as the offering provides for significant income potential via monthly ACH direct deposit," said Kay.

General Time is fully occupied by a subsidiary of a national beer and beverage company and a national e-commerce operator. The property is situated within the larger 35-acre General Time mixed-use development, which is set to become the new social and commercial center for all of Athens, GA. Both tenants signed long-term leases which provided potential stability to the property.

"Another interesting component of this offering is that the beer tenant has an invested interest in this immediate area and Athens, GA in general because they were founded directly across the street. The tenants main 40,000 SF brewery and taproom is located just across the street. This facility serves as their warehouse storage location," In addition, this location is a new location for the e-commerce operator who is adding 500+ jobs to the local economy in a brand-new customer care facility," explained Chay Lapin, Managing Member and Co-Founder of Cove Capital Investments.

Lapin further explained that another important aspect of the Cove General Time Industrial Park Opportunity 84 DST is that it provides investors the possibility of using the 721 Exchange rollup as a fully optional exit strategy.

"This is a very important component for any DST investment as other sponsor companies have what is called a 'forced 721 UPREIT'. This full optionality benefit allows investors to participate in the 721 UPREIT if they choose to do so and at their discretion.  This full optionality is a key differentiator in today's marketplace of DST and 721 UPREIT vehicles," said Lapin.

About Cove Capital Investments

Cove Capital Investments is a Delaware Statutory Trust sponsor company that operates a portfolio of over 2.5 million square feet of real estate in 33 states nationwide. Over 2,000 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