Cove Capital Investments Announces It Has Fully Subscribed Its NorthPark Shopping Center Opportunity 78 Delaware Statutory Trust Offering in Monticello, AR

Cove Capital successfully raised $9.1 million from accredited investors to fully subscribe this 100% debt-free DST offering

LOS ANGELES, June 4, 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 NorthPark Shopping Center Opportunity 78 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 $9,141,727.

""We are extremely pleased to have fully subscribed Cove's NorthPark Shopping Center Opportunity 78 DST," said Dwight Kay, Managing Member and Founding Partner of Cove Capital Investments. "We continue to see strong demand for the multi-tenant retail asset class from 1031 exchange investors who are seeking tax advantaged investments with the added benefit of zero debt," said Dwight Kay, Managing Member and Founding Partner of Cove Capital.

According to Kay, NorthPark Shopping Center Opportunity 78 DST appealed to investors for several reasons, including that the asset was purchased below replacement cost and it showed strong tenant commitment to the location.

"We felt confident our value-add business plan set forth in the Private Placement Memorandum would appeal to investors, broker dealers, and RIA's. In addition, due to our strategy of buying properties debt free, the offering has meaningful distribution potential to our investors payable by monthly ACH direct deposit," explained Kay.

The 71,068-square-foot NorthPark Shopping Center Opportunity 78 DST occupies a prime location in Monticello, Arkansas, situated at the high-traffic intersection of Highway 278 W and Highway 425 N. With over 30,000 vehicles passing daily and because being ranked #1 most visited shopping center within a 50-mile radius, this property serves as a key economic hub for the region.

"Because of the high traffic nature of this shopping center, the majority of our tenants are strong national brands who have an average tenant tenure of 21 years. We feel very good about having this asset in the Cove Capital portfolio," said Chay Lapin, Managing Member and Founding Partner of Cove Capital Investments.

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