Latest news with #CoveCapital
Yahoo
30-05-2025
- Business
- Yahoo
Cove Capital Investments Announces It Has Fully Subscribed Its San Antonio Multifamily 74 Delaware Statutory Trust Offering After Raising Nearly $19 Million from Accredited Investors
The historic "Peanut Factory Lofts" successfully sells out after securing $18,679,418 from accredited investors. LOS ANGELES, May 30, 2025 /PRNewswire/ -- Cove Capital Investments, LLC, a DST sponsor company that specializes in providing accredited investors access to debt-free investment options for their 1031 exchange and direct cash investments, announced its San Antonio Multifamily 74 Delaware Statutory Trust Offering, a Regulation D, Rule 506(c) Delaware Statutory Trust offering, is fully subscribed. The total amount of equity raised for the offering was $18,679,418. "The successful sellout of the DST reflects strong investor confidence in Cove Capital's abilities and our commitment to acquiring high quality assets in key markets across the country. The Peanut Factory Lofts was a great example of this strategy in action, and how our debt-free investment thesis continues to appeal to our growing group of investors, broker dealers, and RIAs," said Dwight Kay, Managing Member and Co-Founder of Cove Capital Investments. According to Kay, the San Antonio Multifamily 74 DST had some very unique characteristics that made it an attractive acquisition. "For example, the property has a appealing mix of dwelling units including one-, two-, and three-bedroom floorplans, townhomes, and a penthouse. This selection perfectly aligns with the historic downtown San Antonio market where the building is located," said Kay. Additionally, the 96,184-square-foot Peanut Factory Lofts, built in 2014, features 102 units and 127 parking spaces. Residents enjoy premium amenities such as private garages, a coffee bar, a landscaped courtyard, door-to-door trash pickup, a dog park, a fitness center, and a resort-style pool with a cabana. According to Chay Lapin, Managing Member and Co-Founder of Cove Capital, the San Antonio Multifamily 74 DST offering had several architectural aspects that attracted investors. For example, the asset was originally constructed as a peanut processing plant and then converted into 'The Peanut Factory Lofts' - a Class-A apartment community in 2014. The unique history of the building, combined with its proximity to San Antonio's trendy Southtown, Historic King William District, Blue Star Arts Complex, and Historic Market Square, gives the building a distinct contemporary-urban aesthetic. The building also incorporated some of the original silos, now transformed into modern apartments, along with a three-bedroom penthouse with a balcony and rooftop access. "On top of these elements, investors also appreciated our all-cash position, which ensured closing certainty—critical for securing this unique asset," said Chay Lapin, Managing Member and Co-Founder of Cove Capital. "We are excited to begin our list of property level improvements on behalf of our investors in an effort to potentially increase Net Operating Income (NOI) and property value." About Cove Capital Investments Cove Capital Investments is a Delaware Statutory Trust sponsor company that operates a portfolio of over 2.5 million square feet of real estate in 33 states nationwide. Over 2,000 investors have trusted Cove Capital with their 1031 exchange and investment dollars, many of them being repeat investors in multiple DST offerings over the years. Our offerings are attractive to those investors seeking to lower risk potential as the majority of Cove Capital's DST offerings are debt free (no mortgage - no lender foreclosure risk). To sign up for a list of the current Cove Capital offerings available for 1031 exchange and direct investments please visit For further information, please visit or contact Cove Capital at (877) 899-1315 and via email at info@ *Past performance is no guarantee of future results. *Diversification does not guarantee profits or protect against losses. *This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the "Memorandum"). Please read the entire Memorandum paying special attention to the risk section prior to investing. This material contains information that has been obtained from sources believed to be reliable. However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Securities offered through FNEX Capital, member FINRA, SIPC. View original content to download multimedia: SOURCE Cove Capital Investments Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Cove Capital Investments Announces It Has Fully Subscribed Its San Antonio Multifamily 74 Delaware Statutory Trust Offering After Raising Nearly $19 Million from Accredited Investors
The historic "Peanut Factory Lofts" successfully sells out after securing $18,679,418 from accredited investors. LOS ANGELES, May 30, 2025 /PRNewswire/ -- Cove Capital Investments, LLC, a DST sponsor company that specializes in providing accredited investors access to debt-free investment options for their 1031 exchange and direct cash investments, announced its San Antonio Multifamily 74 Delaware Statutory Trust Offering, a Regulation D, Rule 506(c) Delaware Statutory Trust offering, is fully subscribed. The total amount of equity raised for the offering was $18,679,418. "The successful sellout of the DST reflects strong investor confidence in Cove Capital's abilities and our commitment to acquiring high quality assets in key markets across the country. The Peanut Factory Lofts was a great example of this strategy in action, and how our debt-free investment thesis continues to appeal to our growing group of investors, broker dealers, and RIAs," said Dwight Kay, Managing Member and Co-Founder of Cove Capital Investments. According to Kay, the San Antonio Multifamily 74 DST had some very unique characteristics that made it an attractive acquisition. "For example, the property has a appealing mix of dwelling units including one-, two-, and three-bedroom floorplans, townhomes, and a penthouse. This selection perfectly aligns with the historic downtown San Antonio market where the building is located," said Kay. Additionally, the 96,184-square-foot Peanut Factory Lofts, built in 2014, features 102 units and 127 parking spaces. Residents enjoy premium amenities such as private garages, a coffee bar, a landscaped courtyard, door-to-door trash pickup, a dog park, a fitness center, and a resort-style pool with a cabana. According to Chay Lapin, Managing Member and Co-Founder of Cove Capital, the San Antonio Multifamily 74 DST offering had several architectural aspects that attracted investors. For example, the asset was originally constructed as a peanut processing plant and then converted into 'The Peanut Factory Lofts' - a Class-A apartment community in 2014. The unique history of the building, combined with its proximity to San Antonio's trendy Southtown, Historic King William District, Blue Star Arts Complex, and Historic Market Square, gives the building a distinct contemporary-urban aesthetic. The building also incorporated some of the original silos, now transformed into modern apartments, along with a three-bedroom penthouse with a balcony and rooftop access. "On top of these elements, investors also appreciated our all-cash position, which ensured closing certainty—critical for securing this unique asset," said Chay Lapin, Managing Member and Co-Founder of Cove Capital. "We are excited to begin our list of property level improvements on behalf of our investors in an effort to potentially increase Net Operating Income (NOI) and property value." About Cove Capital Investments Cove Capital Investments is a Delaware Statutory Trust sponsor company that operates a portfolio of over 2.5 million square feet of real estate in 33 states nationwide. Over 2,000 investors have trusted Cove Capital with their 1031 exchange and investment dollars, many of them being repeat investors in multiple DST offerings over the years. Our offerings are attractive to those investors seeking to lower risk potential as the majority of Cove Capital's DST offerings are debt free (no mortgage - no lender foreclosure risk). To sign up for a list of the current Cove Capital offerings available for 1031 exchange and direct investments please visit For further information, please visit or contact Cove Capital at (877) 899-1315 and via email at info@ *Past performance is no guarantee of future results. *Diversification does not guarantee profits or protect against losses. *This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the "Memorandum"). Please read the entire Memorandum paying special attention to the risk section prior to investing. This material contains information that has been obtained from sources believed to be reliable. However, Cove Capital Investments, LLC does not guarantee the accuracy and validity of the information herein. Investors should perform their own investigations before considering any investment. IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax codes therefore you should consult your tax or legal professional for details regarding your situation. This material is not intended as tax or legal advice. There are material risks associated with investing in real estate, Delaware Statutory Trust (DST) properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks and long hold periods. There is a risk of loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, potential returns and potential appreciation are not guaranteed. For an investor to qualify for any type of investment, there are both financial requirements and suitability requirements that must match specific objectives, goals and risk tolerances. Securities offered through FNEX Capital, member FINRA, SIPC. View original content to download multimedia: SOURCE Cove Capital Investments Sign in to access your portfolio
Yahoo
09-03-2025
- Business
- Yahoo
Why the US wants to get ahead in the race for critical minerals
The US wants to get its hands on critical minerals — whether through a deal (now in limbo) with Ukraine or domestic production. On Tuesday President Donald Trump teased efforts to produce more critical minerals required for everything from semiconductors to aerospace and defense. "Later this week, I will also take historic action to dramatically expand production of critical minerals and rare earths here in the USA," Trump said on Tuesday during his speech in front of Congress. Industry watchers point to more than 50 critical minerals identified by the US Geological Survey needed for nearly every type of modern technology, with a subset of those referred to as "rare earth" minerals — essential for magnets that go into everything from consumer electronics to EVs and even electrical grids and defense hardware. "The entire power generation system in the United States and the expansion that is required for AI and data center buildout is extremely dependent on critical minerals," said Akshay Dubey, CEO of CVW CleanTech, which has developed a technology for the production of critical minerals, including titanium and rare earths, from oil sands waste. While the US produces significant amounts of aluminum, zinc, and magnesium, other critical minerals like cobalt, nickel, and graphite are imported from abroad. China accounts for roughly 60% of global reserves and 85% of processing capacity and has been aggressively investing in critical minerals projects for the past 20 years. In a retaliatory move against the Trump administration's recent tariffs on China, Beijing tightened controls over the exports of critical minerals. "The Chinese understood very early that critical minerals, including rare earths, are going to be the building blocks for most advanced manufacturing going forward," said Pini Althaus, mining executive and founding partner of Cove Capital. "The US is almost 100% reliant on China on critical minerals." In recent years, the US has increasingly focused on developing its own critical mineral access, with the Biden administration launching a review of US critical mineral supply chain vulnerabilities. That led to incentives offered in the Inflation Reduction Act to encourage domestic production. Getting to domestic minerals is a challenge. It can take, on average, more than 15 years to turn a deposit into an operating mine where extractions are taking place. Dubey cites lengthy permitting processes as one of the main challenges. "The frustration for industry and the challenge for industry has been no clear path to permitting," said Dubey. "If you're sitting as a CEO of one of these [mining] companies and you have to make a decision of whether to start investing the capital, you don't want to be in the situation where halfway through construction you have a new administration come in and they challenge the permits," said Dubey. Any announcement this week by Trump would come on the heels of a minerals deal with Ukraine that went sideways last Friday when a meeting between President Trump and Ukraine's leader, Volodymyr Zelensky, turned into a shouting match. The US wants to broker a peace deal between Ukraine and Russia. On Tuesday in front of Congress, Trump said he received a letter from Zelensky saying Ukraine is "ready to sign" the minerals agreement. Ukraine is estimated to hold roughly 5% of the world's critical mineral reserves, according to the UN. The country's main critical minerals include graphite used in batteries, lithium commonly used for rechargeable batteries, titanium inside aircraft and weaponry, and uranium necessary for nuclear reactors. Ukraine is also the world's fifth-largest producer of gallium, which is commonly found inside semiconductors. In the agreement as it stood last Friday, the US would receive 50% of all future revenues from Ukraine's minerals, hydrocarbons, oil and gas, and other extractable materials. Getting to all the minerals, though, may be a challenge. For example, a primary lithium resource is located in Donetsk, a region occupied by Russia. Additionally, the extraction of rare earth minerals in Ukraine appears to be in the very early stages of development. Althaus said that it would take significant time and investment to see if the quantities available justify the costs of the extraction process. While a deal involving Ukraine's critical minerals would be viewed as a big step, industry watchers are in a wait-and-see mode. "This would weaken China's monopoly over rare earths, but it would be a stretch to say that this would entirely offset China's control," said Mark Temnycky, nonresident fellow at the think tank Atlantic Council's Eurasia Center. "It would be a start to America's involvement in the rare earths race, however," he added. Ines Ferre is a senior business reporter for Yahoo Finance, focusing on energy, commodities and industrials Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
03-03-2025
- Business
- Yahoo
Cove Capital and Kazakhstan's National Mining Company Formalize Joint Venture to Develop the Akbulak Rare Earth Project
NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- Cove Capital LLC ('Cove' or the 'Company') and JSC Qazgeology, Kazakhstan's national geological exploration company, and a wholly-owned subsidiary of JSC Tau-Ken Samruk National Mining Company, are pleased to announce the official registration of their joint venture, Akbulak REE Ltd., as a Private Company under the Astana International Financial Centre (AIFC). This milestone marks a significant step in advancing further exploration and development of the Akbulak Rare Earth Project in the Kostanay Region, Kazakhstan. The Akbulak Rare Earth Project hosts a historical resource of 380,000 tons of rare earth oxides, including neodymium and praseodymium, key elements in permanent (NdFeB) magnets, and yttrium, utilized in electronics, medicine, and materials science applications. According to the terms of the Joint Venture Agreement, Cove Kaz Capital Group, a Portfolio Company of Cove Capital, will finance the project, with subsequent financing distributed proportionally. Cove Kaz Capital Group will own 75% while Qazgeology will own 25%. A key achievement accompanying the JV formation is the successful transfer of the exploration license for the Akbulak project from Qazgeology to Akbulak REE Ltd, requiring the approval of Ministry of Industry and Construction of the Republic of Kazakhstan. This important step enables the newly formed entity to commence exploration and project development activities immediately, positioning the Company as a key player in Kazakhstan's growing rare earth and critical minerals industry. Pini Althaus, CEO of Cove Capital, commented: "The formation of Akbulak REE Ltd. and the license transfer mark a significant advancement in our strategy to develop critical mineral resources in Kazakhstan. This joint venture is a testament to our commitment to partnering with leading local institutions like Qazgeology, to unlock the full potential of Kazakhstan's rare earth and critical minerals deposits, whilst building a fully integrated mine-to-magnet supply chain which will benefit Kazakhstan and contributing to global supply chains." Nariman Absametov, Acting CEO of Tau-Ken Samruk, added: "Kazakhstan holds enormous potential in the rare earth sector, and this joint venture is a concrete step toward turning that potential into reality. By formalizing this partnership and transferring the Akbulak license, we are ensuring that exploration efforts move forward efficiently with the right expertise and resources in place. This project is a strong example of how public-private cooperation can drive the development of critical minerals." Dauren Abuov, Director of Qazgeology, stated: "The Akbulak REE project is strategically important for Kazakhstan's mining sector, and we are pleased to see it moving into an active development phase. The license transfer to Akbulak REE Ltd. allows for dedicated exploration and investment, accelerating the project's timeline. With Cove Capital as our partner, we are confident in our ability to advance exploration, attract further investment, and contribute to the rare earth supply chain." Akbulak REE Ltd. will now proceed with comprehensive geological surveys, feasibility studies, and exploration work to assess and develop the Akbulak REE deposit. Cove Capital LLC in Kazakhstan In 2023, Cove Capital's Portfolio Company, Kaz Resources LLC (through its wholly owned subsidiary Kaz Critical Minerals LLP), became the first U.S. company to receive critical minerals and rare earths land concessions in Kazakhstan. Kaz Critical Minerals LLP is the holder of twelve (12) critical minerals concessions and a license for tailings concessions in Kazakhstan. These concessions include minerals such as rare earth elements, lithium, tantalum, beryllium, niobium, cesium and tin. In September 2023, Cove Capital LLC signed an MoU with Kazakhstan's Sovereign Wealth Fund, Samruk Kazyna, as part of the cooperation on critical raw materials, specifically rare earth metals. On April 8, 2024, Cove Capital LLC, announced a landmark collaboration with Tau-Ken Samruk, Kazakhstan's national mining company, aimed at advancing the exploration and development of rare earth and critical metals within the Republic of Kazakhstan. Tau-Ken Samruk (via 'Qazgeology' JSC), entered into a binding joint venture agreement with Cove Capital for geological exploration on the Akbulak rare earth project in the Kostanay region of Kazakhstan. Historical reserves at the site include reserves of rare earth elements, including those used for permanent magnets. To carry out geological exploration work, a joint venture was be created between 'Qazgeology' JSC and Cove Capital with the parties' participation shares: Cove Capital – 75% and 'Kazgeology' JSC – 25%. Cove Capital will fully finance exploration work until reserves are listed on the balance sheet. In 2024, Kaz Critical Minerals completed 7,000 meters of drilling on 4 of its 13 concessions and commenced drill site preparation a further 3 concessions in anticipation of its 2025 drill program, making it one of the most active critical minerals companies in Kazakhstan. For further information, please contact: Brandon McGrathSamantha O'Neilinfo@ About Cove Capital LLCCove Capital was founded in 2015. With offices in Melbourne and New York (head office), Cove Capital invests in mining, renewable energy, and clean technology. Since 2018, Cove Capital has been at the forefront of investment and development in critical minerals projects. Cove Capital, under the visionary leadership of Mr. Pini Althaus, brings unparalleled knowledge and extensive experience to the critical minerals industry. About QazgeologyQazgeology is Kazakhstan's national geological exploration company, dedicated to the discovery and development of the country's mineral wealth. Through strategic partnerships and cutting-edge research, Qazgeology plays a pivotal role in advancing Kazakhstan's mining industry and unlocking new resources for future development. About Tau-Ken SamrukTau-Ken Samruk is the national mining company of Kazakhstan, overseeing the efficient development of the country's mineral resources. Committed to innovation and sustainability, Tau-Ken Samruk collaborates with domestic and international partners to enhance the competitiveness of Kazakhstan's mining sector and support economic growth. 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Fox News
26-02-2025
- Business
- Fox News
Is The A.I. Revolution The New Industrial Revolution?
Story #1: Everything is changing by the day, hour, and minute. As we stand on the cusp of a new A.I. Revolution, what does that mean for small towns in America? Story #2: What is a critical mineral? What does President Donald Trump's mineral deal with Ukraine mean for the world? Will breaks it all down with Chairman & CEO of Cove Capital and Kaz Resources, Pini Althaus. Story #3: There's no such thing as a bad day. Will is joined by the Author of 'No Bad Days: Turning Your Biggest Challenges into Your Greatest Opportunities,' JT Mestdagh for a conversation on his inspiring story and amazing accomplishments despite significant huddles in his life. Tell Will what you thought about this podcast by emailing WillCainShow@ Subscribe to The Will Cain Show on YouTube here: Watch The Will Cain Show! Follow Will on Twitter: @WillCain Learn more about your ad choices. Visit
