Cove Capital
Cove Capital Investments has built a distinctive franchise on a single contrarian premise: debt-free DSTs. Founded in 2012 by Dwight Kay and Chay Lapin, the firm structures all-cash offerings that carry no mortgage…
Overview
Cove Capital Investments has built a distinctive franchise on a single contrarian premise: debt-free DSTs. Founded in 2012 by Dwight Kay and Chay Lapin, the firm structures all-cash offerings that carry no mortgage risk—eliminating the lender-driven loss scenarios that have tripped up leveraged DSTs in downturns—across net-lease, industrial and multifamily assets. With more than $958 million in sponsored transactions across roughly 129 assets, principal co-investment in every offering, and optional (rather than mandatory) 721 UPREIT exits, Cove markets capital preservation and alignment to a largely repeat base of 2,600-plus investors. The zero-leverage model caps upside but is precisely the point for its risk-averse clientele.
Key strategies & advantages
- Built its entire franchise on debt-free, all-cash DSTs, eliminating lender-driven foreclosure scenarios.
- Principals Dwight Kay and Chay Lapin co-invest in every offering, a hard alignment signal.
- Offers optional, non-mandatory 721 UPREIT exits, preserving investor flexibility.
- Serves a largely repeat base of 2,600+ investors.
- Has sponsored $958M+ in transactions across ~129 net-lease, industrial and multifamily assets.
Track record
Baker 1031 does not yet have full-cycle, deal-by-deal results for Cove Capital in its dataset. Aggregate figures above, where shown, are sponsor-reported and not independently verified. Past performance does not guarantee future results.
Current offerings from this sponsor
Baker 1031 tracks this sponsor’s active DST and 1031-eligible offerings. Verified investors can review what’s currently available. Browse current offerings →
Gerald F. “Jerry” Baker, III — Founder & Managing Principal, Baker 1031 Investments · FINRA Series 22 / 63 · SIE. Read full bio →
Sponsor figures are sponsor-reported and not independently verified; they may reflect selection and survivorship bias, and past performance does not guarantee future results. This profile is educational and is not investment advice or an offer to sell or a solicitation to buy any security. Offerings are available only to accredited investors and are made solely through the sponsor’s Private Placement Memorandum. Securities offered through Aurora Securities, member FINRA/SIPC. Real estate investments involve risk, including possible loss of principal.