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The Coveted GroupContact
SheetE-01
SubjectPress
IssueRev. 01

On the record

The coverage, carried in full.

Announcements as they ran, with the photography that ran with them. Where an outlet's link has aged off, the release is preserved here.

Nine Palms Ranch, East Cape, Los Cabos: the in house rendering released with the investment announcement.

Nine Palms Ranch, East Cape. Rendering by the firm’s in house visualization team, released with the announcement.

August 30, 2024  ·  Distributed via Accesswire, carried by Business Insider

The Coveted Group receives $8.5 million investment for East Cape Los Cabos project.

The investment came from Aktiva Capital, a private investment fund based in Mexico City, and its partners, to launch Nine Palms Ranch: a private oceanside community on the East Cape, the stretch of coast whose unspoiled beauty evokes Cabo’s from decades past.

The community eschews conventional luxury for a more authentic approach. It is designed to be accessible primarily by foot, with scenic trails leading residents and guests to a beach club reachable only by those trails, with the occasional support of electric golf carts to preserve the area’s natural charm. A boutique hotel, a spa, and outdoor recreation complete the oceanside ranch.

Ownership runs two ways: whole, and deeded fractional. The release describes fractional entry under $100,000 for titled ownership of specific weeks, an asset the owner can use, rent, or sell, and cites research projecting the global fractional ownership market to reach $36 billion by 2031. The same release describes the firm as valued in the hundreds of millions.

August 27, 2024  ·  Accesswire, carried by Yahoo Finance

Los Cabos Mexico’s Coveted Group expands to northern Arizona and Wisconsin.

Two projects, announced together. Smith Butte Ranch: two hundred acres near Flagstaff, Williams and Sedona, off grid, with a naturally filtered swimming hole and a heated mineral soaking tub. And Meilahn Farms: the final one hundred and twenty acres of the Wisconsin farm where Derrick Grahn’s mother was born, planned for bespoke cabins, walking paths and wellness amenities.

The release told the story behind the story. Derrick’s grandfather, Nelson Meilahn, founded The Oaks Farm Dairy on that land: the area’s first vertically integrated dairy operation. Herd, plant, bottling, trucks, route. The restored 1950s dairy quonset will serve as the property’s events venue.

Longtime friend and advisor Brion Hickey, quoted in the release, credited Derrick with shaping Chicago’s nightlife in the 1990s, producing legendary underground rave parties and art installations, and put his range plainly: Derrick can create anything.

Read at Yahoo Finance →
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