LOS ANGELES, Calif. — June, 2026 — Cove Capital Investments, a national real estate investment and Delaware Statutory Trust (DST) sponsor firm, today announced updated portfolio-level statistics highlighting the firm's continued growth, investor participation, and long-term performance track record.
*Past performance is no guarantee of future results.
Since inception, Cove Capital Investments has sponsored more than $1.08 billion in DST 1031 exchange and real estate offerings and has built a diversified national portfolio spanning multiple property sectors and geographic markets.
Portfolio Highlights (As of June, 2026)
- Cove Sponsored Transactions: $1,083,087,573
- Total Square Feet of Real Estate Under Management: 4,034,040
- Capital Returned to Investors Since Inception: $193 Million *
- Current Average Annual DST Investor Distribution Rate Across All Active DST Offerings: 5.10% *
- Total Properties in Cove Portfolio: 132
- Total Investors: 2,700
- States with Cove-Owned Properties: 36
In addition to these portfolio milestones, Cove Capital Investments announced that the average annualized return across all full-cycle Cove DST transactions completed to date is 11.01%. *
The firm noted that these returns were achieved without the use of debt or leverage, a distinction that sets Cove apart from many other firms within the DST industry. *
"Cove Capital Investments is proud to have delivered these full cycle returns to our 1031 exchange DST investors," said Dwight Kay, Founder and Managing Member of Cove Capital Investments. "What makes these results particularly meaningful is that they were generated without the use of debt or leverage. These are debt-free DST full cycle returns delivered to our investors. Many DST sponsors have utilized leverage within their programs and, in numerous cases, have delivered lower returns despite taking on the additional risks associated with debt. We believe our performance demonstrates the value of disciplined acquisition strategies, prudent underwriting, and strong asset management.” *
"We are proud of these results we have delivered to our investors over the years. We are investing alongside our investors in these offerings, and I believe it shows in our performance.” *
Cove Capital Investments also highlighted another important distinction in its operating history. To date, the company has never walked away from investor equity or sold a property at a loss. *
Cove believes its commitment to stringent acquisition criteria, prudent management, and an investor first mentality as well as their debt free strategy has helped the firm avoid those outcomes while continuing to work hard for their investors. *
"These results are the exact reason that over 2,700 investors nationwide have chosen Cove Capital Investments as their DST sponsor of choice," said Chay Lapin, Founder and Managing Member of Cove Capital Investments. "We are thankful to each one of these investors that have chosen and trusted us to steward their 1031 exchange capital, and we look forward to serving many more Delaware Statutory Trust investors over the years to come."
