NEW COVE DST 1031 EXCHANGE INVESTMENT AVAILABLE - REGISTER FOR FREE INFORMATION!
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
DALLAS FORT-WORTH MARKET
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.
ORGANIC RENT GROWTH
Currently the property is realizing strong organic rental increases on both new and renewal leases.*
VERY LITTLE CONSTRUCTION
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
RENT TO INCOME
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.
ABOUT COVE CAPITAL INVESTMENTS, LLC
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...”
"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.”