SAN ANTONIO, TX – Cove Capital Investments Founding Partners, Dwight Kay and Chay Lapin, announced the Delaware Statutory Trust sponsor firm successfully completed the buy of a brand-new Build-to-Rent multifamily residential home community in San Antonio, TX. The buy completes the formation of the firm’s Cove Texas Build-to-Rent 97 DST, a Regulation D, Rule 506(c) offering that has a $27,223,181 equity raise.
The Cove Texas Build-to-Rent 97 DST features a community of 83 newly constructed single-family rental units featuring high-end, resort style amenities and located in the thriving city of San Antonio, TX.
“This DST offering offers prospective investors an exceptional opportunity to invest in a trophy asset in one of San Antonio’s most sought-after submarkets. The Cove Dallas Build-to-Rent 97 DST is in direct proximity to some of the city’s largest employers and top-ranked schools, along with offering an extensive amenity package that includes a resort-style pool and a bone idle river that continues to be a major attraction for current and prospective tenants,” said Kay.
The Cove Dallas Build-to-Rent 87 DST offering was constructed in 2024 and currently has an occupancy rate of 95% as of July 30,2025. Each of the 83 rental homes has an average square footage of 1,861 square feet. In addition, this DST offering has significant income potential for investors as there is room for potential rental rate increases as leases roll over in the coming months adding to the potential for growing revenue and Net Operating Income (NOI).
With homeownership becoming increasingly hard for young families due to rising home prices and mortgage rates, the Build-to-Rent or “BTR “real estate asset class has experienced strong demand from both tenants and investors.
For investors, the build-to-rent model delivers critically needed housing inventory to supply-constrained markets, providing for potentially strong demand fundamentals. In addition, because landlords can reset rents each year, the BTR model also provides investors a potential hedge against inflation.
Conversely, while tenants benefit from the flexibility of lease agreements, they are also shielded from the financial obligations typically associated with single-family homeownership such as rising insurance and maintenance costs.

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ANN ARBOR, MI – Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, announced the delivery of The Legacy at Ann Arbor, a new, 521-bed student housing community at 616 E. Washington Street in Ann Arbor, MI.
Developed in a joint venture with Cerca Trova and designed by ESG Architecture & Design, The Legacy at Ann Arbor is comprised of two interconnected buildings – a 19-tale high-rise and mid-rise structure attached to the historic Michigan Theater. Landmark Construction served as the project’s general contractor. The Legacy at Ann Arbor is fully leased ahead of the 2025-2026 school year.
“We’re confident that this incredible project will exceed the expectations of our new residents who started moving in on August 1st,” said Jason Doornbos, Chief Development Officer at Landmark Properties. “Congratulations to our Landmark Construction team and vendor partners on bringing this project online well ahead of the academic year.”
The Legacy at Ann Arbor offers residents a mix of studios to five-bedroom apartments across 253 units. Well-appointed apartments come fully furnished and wired for high-speed internet and cable. Each unit features stainless-steel appliances, quartz countertops, hardwood-style floors, and in-unit laundry.
The development contains more than 9,700 square feet of amenities, including a rooftop pool deck and resident clubroom with outdoor grilling, a gaming lawn and firepit seating area, a comfortable academic lounge, fitness center and bike storage. The Legacy at Ann Arbor also has 4,150 square feet of ground-floor retail space and on-site gated resident parking. The building is immediately adjacent to the University of Michigan campus and a number of dining, entertainment and retail options in the heart of downtown Ann Arbor.
“When it comes to location, The Legacy is second to none,” says Howard Frehsee, principal of Michigan-based Cerca Trova, LLC, who co-developed the project. “The building is a one-minute walk to the Diag (i.e. the center of campus), less than 10 minutes on foot from Main Street and Kerrytown, and a five-minute walk to South University. Its proximity to campus and other well loved attractions not only makes Michigan’s winters more tolerable, but The Legacy’s unparalleled quality, comfort, space, and amenities are deserving of tomorrow’s leaders. Congratulations to our entire Landmark and Cerca Trova teams.”

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ORLANDO, FL – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of the Cortland Vera Sanford community in Orlando, Florida. This successful close represents the ninth investment in Knightvest’s Fund II, which remains open to new investors through 2025.
Built in 2018, the 332-unit apartment community is located in Sanford, Florida, a high-income suburb of northern Orlando. The property features a unique mix of units, including two-tale townhomes with attached garages. Knightvest plans to renovate the majority of the units and make substantial upgrades to the community’s amenities and common spaces. As part of the renovation efforts, Knightvest has renamed the community to The Walton.
“This acquisition reflects our continued strategy of targeting high-quality, differentiated multifamily assets in growing Sun Belt markets,” said David Moore, Knightvest founder and CEO. “With a steady influx of new residents, strong job creation, and limited new supply driving sustained demand for quality housing, Orlando exemplifies the kind of high-growth Sun Belt market we target. We’re excited to expand our presence in the region and implement our proven strategy at The Walton by elevating a community through thoughtful renovations.”
The property’s low-density footprint and proximity to major employment hubs underscore its appeal in a market where replicating such a product has become increasingly cost-prohibitive. The acquisition extends Knightvest’s footprint in Central Florida, with additional Orlando-area opportunities in the pipeline.

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