Cook Properties currently operates 43 multi-tenant properties across New York State. We have a demonstrated track record of acquiring properties and smartly investing in property improvements that yield significantly higher NOI.
The Cook Properties Fund 20 was launched in October of 2020.
This private real-estate equity fund is focused on acquiring mobile home parks and self-storage facilities in Massachusetts, New York, Ohio and Pennsylvania. The fund is targeting double-digit returns through the purchase of cash flowing properties with a measurable upside.
We continue to explore mobile home and self-storage opportunities with an eye toward long-term revenue projections. These are highly niche markets with little competition that provide steady revenue and offer significant growth through smart capital investments and sensible management. We manage each property as an independent LLC for risk mitigation.
Mobile home parks have gained in popularity over the years. Residents enjoy single family home ownership without the burden of property maintenance. This lifestyle is popular across diverse demographics including single professionals, young families, and seniors – especially in 55+ housing communities.
Mobile home park owners own the land and provide overall long-term improvements to the communal assets of the park, which improve the property value year over year.
Nearly 10% of all US households rented a storage space in 2020. These facilities have low construction costs, low overhead and low staffing costs. Demand remains high across a wide range of demographics, while monthly rentals provide steady income.
Case Study # 1: 2 storage facilities in Genesee County, NY
Case Study #2: Adjacent Mobile Home Parks in Waterloo, NY
Case Study #3: Mobile Home Park in Utica, NY
Case Study #4: Mobile Home Park in Ithaca, NY
Case Study #5 – Mobile Home Park in Hudson, NY
Case Study #6: 2 Mobile Home Parks in Wayne County, NY
Note: all numbers reported are year end 2019 figures.