Cook Properties continues rapid expansion, closes investment fund

Kevin Oklobzija//October 25, 2021//

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Cook Properties continues to add to its portfolio of mobile home parks with an investment of $57 million already this year (file photo/provided by Cook Properties).

Cook Properties, a family owned and operated real estate development and management company, has closed Cook Properties Fund 20.

The fund acquired 12 mobile home parks with a total of 1,500 pads in Upstate New York, closing on six of those parks on Oct. 15.

Since the start of 2021, Cook Properties has obtained 11 properties totaling $57 million, with another $112 million in mobile home parks under contract and scheduled to close before the end of the year, CEO Jeffrey Cook said.

“We are very excited to complete another purchase in our home state of New York,” CEO Jeffrey Cook said in a news release. “We continue to find great deals while navigating the blue waters of New York state. These properties have a significant amount of upside through in fill and management efficiencies.”

Cook Properties operates 52 multi-tenanted properties across New York. The portfolio consists of mobile home parks, storage facilities, apartments, office and retail buildings. The mobile home park portfolio consists of 40 communities with 4,000 pads.

The firm owns 220,000 square feet of retail/office space and also operates three storage facilities with 500 units.

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