mobile home parks
with 6,500 pads
square feet
of retail and office
storage
facilities
Cook Properties, headquartered in Rochester, New York, was established in 1997 as a privately owned real estate development company. Since 1997, We have been involved in property ownership and management, including land development, property investment and general contracting.
We have been successfully navigating the “blue waters” of NYS for over 25 years.
We operate 100 multi-tenanted properties across New York State and have significant experience in developing and managing mobile home park communities. Our portfolio consists of mobile home parks, storage facilities, apartments, office buildings, and mixed use plazas.
Our paramount concern has always been our customers: our Residents, Tenants, and Investors. Satisfied customers lead to a profitable bottom line. We strive to provide the best, most satisfying, economical, safe living and work environments possible. We lead by example and treat others how we wish to be treated.
Why Mobile Home Parks?
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.
Cook Properties Fund 20 – Closed
The subject portfolio will not be included in the Cook Properties Fund 20. The fund has closed but we wanted to
provide case study material in the following slides illustrating a similar execution investors can expect when
investing in the portfolio opportunity offered.
The capital raised was used to acquire multiple assets, in several geographic regions, rather than just one property
in a single location. The diversification helped spread the investment risk across a variety of properties with
thousands (1,500) of income producing mobile home park lots. This portfolio opportunity has 2300 pads.
We are already outperforming our anticipated cash on cash returns. We expected to achieve a 10% cash on cash in
mid 2022, however we will hit that target in late 2021.
New York Housing Association, Inc., www.NYHousing.org