Image Image Image Image Image

Cove Dallas Multifamily 59 DST

Address: 1255 West Pleasant Run Road, Lancaster, TX 75146 | No. of Units: 159 | Rentable SF: 130,128 | Avg. Unit Size: 814 SF | Year Built: 1983
  • Dallas Fort-Worth led all major U.S. Metros in terms of annual delivery volume in each of the past four years, ending 2021 with 6.3% vacancy**
  • Located 20 minutes from revitalized downtown Dallas with more than 135,000 employees
  • 159 Units, with 47% of those units recently updated to ‘Platinum’ level
  • Previous owner recently invested over $1.5 million in capital improvements.
  • 721 Exchange Rollup as a potential exit strategy*
  • All-cash/debt-free DST offering - no risk of lender foreclosure
  • Located in the income tax free state of Texas

Investment Highlights


Strong job growth with an increase of 7.4% or approximately 275,000 jobs over the past 12 months according to the U.S. Bureau of Labor Statistics.


Currently the property is realizing strong organic rental increases on both new and renewal leases.*


One, 190 unit building delivered in 2019 and one 270 unit property scheduled for delivery in September 2022.This equals only 2% of total supply


Average post- renovation rent of $1,687 is 35% rent to income for the median household income of $58,000 in Lancaster, allowing the market the realistic potential to absorb the rental increase.


Cove Capital Investments provides NNN and DST properties for qualified investors, with an emphasis on debt free real estate investment options for their 1031 exchange and direct investments. Cove Capital's NNN and DST offerings have included the following quality tenants: FedEx, Walgreens, CVS, Amazon, Fresenius, DaVita, Dollar General, Family Dollar, Advanced Auto, Tractor Supply, Frito Lay, and more. Our offerings are attractive to those investors seeking to potentially mitigate risk through debt free offerings with no long-term mortgages encumbering the properties, which is a contrarian investment approach to most other offerings on the market.


What Our Clients are Saying

"Our experience with Cove Capital has been exceptional. They were really professional. Everything went smoothly, and in a timely manner...”

–Valerie D.

"Many thanks to Karen and the entire Cove Team, for the highly efficient, professional manner in which you have handled this matter on our behalf. We look forward to a long and fruitful relationship with Cove.”

–Ross Y.

These testimonials may not be representative of the experience of other clients. Past performance does not guarantee or indicate the likelihood of future results. These clients were not compensated for their testimonials. Please speak with your attorney and CPA before considering an investment.

Past performance does not guarantee future results.

*Please note that there is no guarantee that this exit strategy will be utilized.

Please note that this is no guarantee for a profitable exit or sale of any real estate investment offering. Diversification does not guarantee profits or protection against losses. This material is a non-binding Indication of Interest brochure to assist the sponsor with the allocation of potential ownership interests.The offering is subject to revision, change, and cancellation.There is no guarantee that the offering will be made. Upon commencement of the offering, you will be provided with a Private Placement Memorandum (PPM) which will discuss the offerings business plan and risk factors which you are encouraged to read in its entirety prior to considering an investment.The offering is made available to accredited investors only under Regulation D Rule 506c. All real estate and DST investments carry the risk of a complete loss of invested capital and that returns/cash flow/ appreciation/distributions after appreciation are not guaranteed and could be lower than anticipated. Please read the entire Private Placement Memorandum (PPM) for a full discussion of the business plan and risk factors prior to investing. The Sponsor may potentially utilize equity or financing in the form of a bridge loan, first mortgage, preferred equity or mezzanine financing regarding the acquisition of the Property.This poses a level of risk to investors if the Sponsor was unable to raise the entire offering amount and retire the equity or financing, including foreclosure and a complete loss of investor capital. By accepting this material, you agree to keep all terms and provisions of this offering and the lease confidential, and you will not share or disseminate any of the information in this offering or the lease. There is no guarantee such objectives will be met. Securities offered through FNEX Capital, member FINRASIPC.