CoveMark Cabins

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INVESTMENT OPPORTUNITY

Cordero Cabins · Unique Agritourism Project

INVESTMENT TARGET CLOSING: October 1, 2024

CoveMark Cabins

New Unique Lodging Project Within Driving Distance of 20,000,000 People

Investment Sponsor

CoveMark is an alternative asset manager investing in operating companies and real estate. Cordero Cabins represents an expansion into the hospitality sector, leveraging the land and brand assets of their portfolio company, Capra Foods.

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Executive Summary

Cordero Cabins presents a unique investment opportunity in the rapidly growing unique stay market. Located on a 750-acre regenerative cattle ranch in the heart of Texas, this project offers modern luxury in an immersive nature experience. With 6 beautifully designed cabins overlooking a 7-acre lake, Cordero Cabins provides an affordable yet premium getaway for urban dwellers from Dallas, Austin, and surrounding areas. By leveraging Capra Foods' existing land and operations, we've created a distinctive concept that brings people closer to nature and creates memorable educational and dining experiences tied to their stay.

CoveMark Cabins
Investment terms

See details on this transaction below. Click “learn more” below to read our investment memorandum.

  • Total Capitalization

    $2,500,000

  • Sponsor Contribution

    $1,000,000

  • Equity Raise

    $1,500,000

  • Minimum Investment

    $50,000

  • Avg. Nightly Rate

    $437

  • Yearly Occupancy

    82%

Location Overview

Cordero Cabins is strategically located north of Killeen, Texas, offering easy access to major urban centers while providing a serene escape into nature. Our prime location puts us within reach of several key markets, allowing us to tap into a vast pool of potential guests seeking a convenient yet immersive nature retreat.

Live Oak Lake

Live Oak Lake

Live Oak Lake
Description
Live Oak Lake offers 7 Lake-Front Modern Cabins. Live Oak Lake is the perfect place to stay in Waco, TX.

Onera Fredericksburg

Onera Fredericksburg

Onera Fredericksburg
Description
A collection of unique cabins and structures just off Main Street in Fredericksburg, the capital of Texas Hill Country.

Willow House

Willow House

Willow House
Description
Willow House is a desert retreat located 6 miles from Big Bend National Park and just outside the center of Terlingua, Texas.

Naturalist Boudoir

Naturalist Boudoir

Naturalist Boudoir
Description
Five eclectic open-air cabins set on a backwoods river near the Louisiana/Texas border, perfect for sportsmen and women looking for a couple's getaway.

CoveMark Cabins

CoveMark Cabins

CoveMark Cabins
Description
Six unique cabins overlooking sprawling Texas ranch land, integrated with an operating regenerative agriculture business, Capra Foods.
CoveMark Cabins

Market Opportunity

Cordero Cabins is positioned at the intersection of two powerful movements defining hospitality and consumer goods: the rise of unique stay experiences and the growing demand for conscious consumption.

Unique Stay Hospitality

Airbnb's rise to prominence introduced new operating models to consumers, changing the hospitality industry at large. One major change was the evolution of the new unique stay category, seen here:

  • Guest Preferences Shift: Travelers now prioritize unique experiences over traditional hotel service
  • New Opportunites: New tech like self-check-in reduces on-site staff, enabling remote properties
  • Unique Stay Boom: Unique single-unit properties see success, leading to multi-unit developments
  • Institutional Interest: Major acquisitions & investments in the last 24 months validate category
Early Unique Stay Pioneers Find Success

Conscious Consumption & Food Transparency

Parallel to the hospitality industry's evolution, a significant shift has occurred in how consumers approach food, health, and environmental consciousness.

Engaged, informed consumers who are reshaping the food and hospitality industries with new preferences and demands:

  • Clean Eating Revolution: Consumers increasingly ditching processed foods in favor of organic, whole foods
  • Farm-to-Table Movement: Growing desire to know the exact origin of food and ensure sustainable practices
  • Environmental Consciousness: Preference for brands prioritizing sustainability & minimizing environmental impact
  • Educational Experiences: Millennials & families learning about production, cooking techniques, sustainable practices
  • Holistic Wellness: Concept of health expanded to include diet, mental well-being and connection with nature

These trends have transformed food consciousness from a niche interest to a mainstream lifestyle choice, creating opportunities for immersive, educational experiences around food and sustainability.

Project Concept

Cordero Cabins: A Unique Synthesis of Trends

Cordero Cabins capitalizes on these converging trends by offering:

  • Immersive Farm Experience: Guided tours of Capra Foods' regenerative beef and lamb operation
  • Farm-to-Table Dining: On-site experiences w/ Capra Foods' products, high-quality, sustainably produced meals
  • Educational Programming: Workshops and classes on sustainable farming & cooking with grass-fed meats
  • Wellness Integration: Activities combining natural ranch setting w/ wellness practices like yoga and mindfulness walks
  • Family-Friendly Learning: Programs educating children about where their food comes from
Regenerative Agriculture Tour Activities
Cordero Cabins - Guest Unit Designs
Capra Foods - Regenerative Beef & Lamb Brand

Target Market

Our primary target market includes:

  • Urban Escapees: City dwellers from nearby metropolitan areas seeking a peaceful retreat with a purpose
  • Food Enthusiasts: Individuals passionate about high-quality, sustainably produced food and culinary experiences
  • Eco-Conscious Travelers: Those who prioritize environmentally responsible travel and accommodations
  • Wellness Seekers: Guests looking to combine relaxation with healthy living and mindful experiences
  • Young Families: Parents wanting to educate children on sustainability & healthy eating in a hands-on environment
  • Corporate Retreats: Companies looking for team experiences rooted in sustainability & conscious business practices

Property Details

Cordero Cabins will be developed on a 50-acre portion of Capra Foods total 750-acre operating cattle ranch. Guests will have direct access from the road to the lodging cluster, which overlooks one of several lakes on the property. More details:

  • 6 modern cabins, each approximately 600 sq ft
  • One bedroom, full kitchen, living area, and bathroom in each unit
  • Large wraparound deck with private hot tub for each cabin
  • Overlooking a 7-acre stocked fishing lake
  • Set on a 50-acre parcel within a 750-acre working cattle ranch 

Location Details

Our strategic location provides easy access from major urban centers:

City Population Drive Time
Waco 277,547 1hr
Austin 2,283,371 1hr 45m
Fort Worth 2,558,240 2hr
Dallas 5,079,147 2hr 20m
San Antonio 2,550,960 2hr 40m
Houston 7,122,240 3hr 30m

Property Images

Rolling Hills and Hard-Packed Paths
Native Wildflower Pastures
Site Layout

Cabin Renderings

Cabin Exteriors - High Aerial
Cabin Exterior & Interior - Porch and Living Room / Kitchen
Cabin Interiors - Bedroom

Financial Projections

Based on our financial model, we project:

LP IRR: 20.3% / LP MOIC: 2.65x / LP Avg. Annual Return: 23.6%

Full Model attached below or available here: link

Exit Strategy

While we believe in the long-term potential of Cordero Cabins, we have identified several exit strategies to maximize investor returns:

  • Sale to a larger hospitality group or REIT
  • Refinancing to return capital to investors while maintaining ownership
  • Expansion and conversion to a larger resort property

Recent Acquisitions

Live Oak Lake ($7M, source)

Onera Fredericksburg ($9M, source)

Conclusion

Cordero Cabins represents a compelling investment opportunity at the convergence of two powerful trends: unique stay experiences and conscious consumption. By offering an immersive, educational retreat that connects guests with sustainable food practices and natural surroundings, we are poised to capture a growing market of travelers seeking meaningful, health-conscious experiences. With strong financial projections and multiple paths to liquidity, Cordero Cabins offers investors the chance to be part of the future of experiential, purpose-driven hospitality.

Progress Update

August 28, 2024

 

Aug. 16, 2024 | Construction has started, with framing going up through the end of August.

 

Interested?
Learn More

Market Opportunity

Cordero Cabins is positioned at the intersection of two powerful movements defining hospitality and consumer goods: the rise of unique stay experiences and the growing demand for conscious consumption.

Unique Stay Hospitality

Airbnb's rise to prominence introduced new operating models to consumers, changing the hospitality industry at large. One major change was the evolution of the new unique stay category, seen here:

  • Guest Preferences Shift: Travelers now prioritize unique experiences over traditional hotel service
  • New Opportunites: New tech like self-check-in reduces on-site staff, enabling remote properties
  • Unique Stay Boom: Unique single-unit properties see success, leading to multi-unit developments
  • Institutional Interest: Major acquisitions & investments in the last 24 months validate category
Early Unique Stay Pioneers Find Success

Conscious Consumption & Food Transparency

Parallel to the hospitality industry's evolution, a significant shift has occurred in how consumers approach food, health, and environmental consciousness.

Engaged, informed consumers who are reshaping the food and hospitality industries with new preferences and demands:

  • Clean Eating Revolution: Consumers increasingly ditching processed foods in favor of organic, whole foods
  • Farm-to-Table Movement: Growing desire to know the exact origin of food and ensure sustainable practices
  • Environmental Consciousness: Preference for brands prioritizing sustainability & minimizing environmental impact
  • Educational Experiences: Millennials & families learning about production, cooking techniques, sustainable practices
  • Holistic Wellness: Concept of health expanded to include diet, mental well-being and connection with nature

These trends have transformed food consciousness from a niche interest to a mainstream lifestyle choice, creating opportunities for immersive, educational experiences around food and sustainability.

Project Concept

Cordero Cabins: A Unique Synthesis of Trends

Cordero Cabins capitalizes on these converging trends by offering:

  • Immersive Farm Experience: Guided tours of Capra Foods' regenerative beef and lamb operation
  • Farm-to-Table Dining: On-site experiences w/ Capra Foods' products, high-quality, sustainably produced meals
  • Educational Programming: Workshops and classes on sustainable farming & cooking with grass-fed meats
  • Wellness Integration: Activities combining natural ranch setting w/ wellness practices like yoga and mindfulness walks
  • Family-Friendly Learning: Programs educating children about where their food comes from
Regenerative Agriculture Tour Activities
Cordero Cabins - Guest Unit Designs
Capra Foods - Regenerative Beef & Lamb Brand

Target Market

Our primary target market includes:

  • Urban Escapees: City dwellers from nearby metropolitan areas seeking a peaceful retreat with a purpose
  • Food Enthusiasts: Individuals passionate about high-quality, sustainably produced food and culinary experiences
  • Eco-Conscious Travelers: Those who prioritize environmentally responsible travel and accommodations
  • Wellness Seekers: Guests looking to combine relaxation with healthy living and mindful experiences
  • Young Families: Parents wanting to educate children on sustainability & healthy eating in a hands-on environment
  • Corporate Retreats: Companies looking for team experiences rooted in sustainability & conscious business practices

Property Details

Cordero Cabins will be developed on a 50-acre portion of Capra Foods total 750-acre operating cattle ranch. Guests will have direct access from the road to the lodging cluster, which overlooks one of several lakes on the property. More details:

  • 6 modern cabins, each approximately 600 sq ft
  • One bedroom, full kitchen, living area, and bathroom in each unit
  • Large wraparound deck with private hot tub for each cabin
  • Overlooking a 7-acre stocked fishing lake
  • Set on a 50-acre parcel within a 750-acre working cattle ranch 

Location Details

Our strategic location provides easy access from major urban centers:

City Population Drive Time
Waco 277,547 1hr
Austin 2,283,371 1hr 45m
Fort Worth 2,558,240 2hr
Dallas 5,079,147 2hr 20m
San Antonio 2,550,960 2hr 40m
Houston 7,122,240 3hr 30m

Property Images

Rolling Hills and Hard-Packed Paths
Native Wildflower Pastures
Site Layout

Cabin Renderings

Cabin Exteriors - High Aerial
Cabin Exterior & Interior - Porch and Living Room / Kitchen
Cabin Interiors - Bedroom

Financial Projections

Based on our financial model, we project:

LP IRR: 20.3% / LP MOIC: 2.65x / LP Avg. Annual Return: 23.6%

Full Model attached below or available here: link

Exit Strategy

While we believe in the long-term potential of Cordero Cabins, we have identified several exit strategies to maximize investor returns:

  • Sale to a larger hospitality group or REIT
  • Refinancing to return capital to investors while maintaining ownership
  • Expansion and conversion to a larger resort property

Recent Acquisitions

Live Oak Lake ($7M, source)

Onera Fredericksburg ($9M, source)

Conclusion

Cordero Cabins represents a compelling investment opportunity at the convergence of two powerful trends: unique stay experiences and conscious consumption. By offering an immersive, educational retreat that connects guests with sustainable food practices and natural surroundings, we are poised to capture a growing market of travelers seeking meaningful, health-conscious experiences. With strong financial projections and multiple paths to liquidity, Cordero Cabins offers investors the chance to be part of the future of experiential, purpose-driven hospitality.

Progress Update

August 28, 2024

 

Aug. 16, 2024 | Construction has started, with framing going up through the end of August.

 

Management Team

CoveMark is an alternative investment firm founded in 2012 with a focus on real assets. Delivering risk-adjusted returns to our investment partners through diversified real estate holdings. Since inception CoveMark has lead syndications from multifamily, manufactured housing to ranch land and other niche opportunities. We provide our investors access to co-invest alongside us and our operating partners passively while providing them tax-efficient income, appreciation and capital preservation.

Aaron Cook

Aaron Cook

CEO

Aaron Cook has over two decades experience in real estate syndication in a variety of capacities and asset classes. From general partner, fund manager and administration to investor relations. He has raised significant capital and works with hundreds of investors. As founder and CEO of CoveMark his focus today is stewarding Capra Foods, a CoveMark portfolio company and our operating ranch.

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Management Team

CoveMark is an alternative investment firm founded in 2012 with a focus on real assets. Delivering risk-adjusted returns to our investment partners through diversified real estate holdings. Since inception CoveMark has lead syndications from multifamily, manufactured housing to ranch land and other niche opportunities. We provide our investors access to co-invest alongside us and our operating partners passively while providing them tax-efficient income, appreciation and capital preservation.

CoveMark Cabins
Case Study

Live Oak Lake

Live Oak Lake, located near Waco, Texas, demonstrates the potential of the unique stay market in our region. With just 7 units, Live Oak Lake achieved remarkable success, showcasing the strong demand for unique stay experiences in Texas and the potential for significant returns on investment in this market segment.

$2.3M

Total Cost

$7M

Exit Value
Cordero Cabin Comp Properties
CoveMark Cabins

Live Oak Lake

  • Location

    Waco, TX

  • Guest Units

    7

  • ADR

    $515/n

  • Occupancy

    95%

  • Website

CoveMark Cabins

Onera Fredericksburg

  • Location

    Fredericksburg, TX

  • Guest Units

    12

  • ADR

    $400/n

  • Occupancy

    90%

  • Website

CoveMark Cabins

Naturalist Boudoir

  • Location

    Beaumont, TX

  • Guest Units

    5

  • ADR

    $345/n

  • Occupancy

    75%

  • Website

Next Steps

Cordero Cabins represents a compelling opportunity to invest in the growing unique stay market while benefiting from the established operations of Capra Foods. With our strategic location, innovative concept, and strong market demand, we're poised for success in this exciting sector. With our first phase of cabins set to break ground in Q3 2024 and limited investment slots available, we encourage you to act quickly.

Supplemental Information
Book a Call
Location Overview

Posh Outdoors targets partnerships with landowners in iconic outdoor destinations across North America. These locations are characterized by stunning natural beauty, diverse recreational activities, and proximity to major urban centers, ensuring a steady flow of high-end visitors seeking unique accommodations. While Posh Outdoors plans to operate glamping retreats in multiple destinations, the Skyridge Glamping project in Kananaskis, Alberta, exemplifies the ideal location for Posh Outdoors' units. The property boasts existing infrastructure, necessary permitting, and a location just an hour from Calgary, making it an attractive candidate for a successful glamping retreat.

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