The Cove Diversified Portfolio 88 DST is a 100% debt-free portfolio of assets that features five locations covering multiple geographic regions, asset classes, and tenant companies.

The Fund’s primary investment objective is to generate high current income and its secondary objective is to generate capital appreciation.

The milestone reflects the continued validation of Leitbox's investment thesis and a consistent strategic approach across market cycles.

The Heartland addition brings Go Store It’s total footprint to 205 self-storage facilities in 27 states, managing 103,683 units.

The deal brings combined portfolio to over 11,000 units, streamlines management operations, and aligns investor interests.

The nontraded REIT industry raised an estimated $2.08 billion in the first quarter of 2025, up from $1.72 billion in the fourth quarter of 2024 and $1.38 billion in Q3 2024.

The Charlotte and Pineville properties were sold in a dual transaction.

The reorganization comes under the direction of PGIM's new CEO Jacques Chappuis.

"We view this as a strategic step in broadening our alternative investment platform within the lodging space." — Matthew McGraner, CIO at NexPoint.