Cobblestone is a fully integrated firm focused on manufactured housing communities and RV resort properties that provides institutional investors and investment managers with access to the attractive manufactured housing community asset class through proprietary funds, off-market joint ventures and expert property management.
The senior managers are seasoned real estate executives who have collectively been involved in the acquisition, underwriting, analysis and investment management of over $1.5 billion of manufactured housing communities in the U.S.
Formed five years ago to help sophisticated clients harvest manufactured housing community opportunities, Cobblestone has successfully formed proprietary funds, led joint ventures and successfully monetized two institutional-backed joint ventures. Cobblestone currently manages investment-grade properties in California and Florida.
Before launching Cobblestone, the principals founded AMC REIT, Inc., a privately held real estate investment trust, to acquire a portfolio of manufactured housing communities. Within two years, AMC improved cash flow and occupancy growth and boosted net operating income growth. The portfolio was sold to a leading institutional investor, generating superior returns to AMC investors.
Erik D. HagenPresident & Chief Executive Officer
Erik D. Hagen
Erik has over 19 years of experience in all aspects of the acquisition, ownership, management, financing and disposition of manufactured housing communities and RV resorts. Erik is responsible for Cobblestone’s deep and mutually-profitable relationships with leading North American institutional investors.
Prior to founding Cobblestone, Erik was a Founder and President & Chief Executive Officer of American Manufactured Communities REIT, Inc. (“AMC”), which owned and operated a portfolio of manufactured housing communities. Previously, Erik was the Managing Director and Advisory Board Member of Mobile Home Park Investments, Inc., which owned and operated a portfolio of manufactured housing community assets.
Erik currently serves as an Advisory Board Member of the Hawkeye Business Development Group of Chicago and recently served on the Board of Directors of AMC REIT, Inc., the predecessor company of AMC. He has been board member and officer of several industry associations, including the Illinois Affordable Housing Institute, the Illinois Housing Institute the Illinois Manufactured Housing Association and the Michigan Manufactured Housing Association.
University of Iowa, BBA
Kellogg School of Management at Northwestern University, MBA
Tome has over 15 years of experience in the real estate industry, including manufactured housing communities and RV resorts as well as multifamily underwriting, acquisitions, asset management and disposition and has been involved in the acquisition and asset management of $3.5 billion in real estate and securities. Tome is responsible for structuring Cobblestone’s joint venture arrangements and proprietary investment funds.
Prior to Cobblestone, Tome was a Founder and Chief Investment Officer of American Manufactured Communities REIT, Inc. (“AMC”), which owned and operated a portfolio of manufactured housing communities. Before that, Tome was Founder and Chief Investment Officer of White River Capital Management LLC, a private investment firm based in Stamford, Connecticut.
Previously, Tome was a Vice President of the North American Real Estate Group of Babcock & Brown LP where he focused on residential and retail investments and developments. Prior to that, Tome was a buy-side REIT analyst at Mercury Partners LLC, a $1 billion real estate dedicated hedge fund.
Dolan School of Business at Fairfield University, BS in Finance
Jason J. Hagen
Jason has over 14 years of experience in all aspects of the ownership, financing and management of manufactured housing communities. Jason led the design and implementation of Cobblestone’s industry-leading manufactured housing community operating platform.
Prior to founding Cobblestone, Jason was a founder and Vice President of Operations of American Manufactured Communities REIT, Inc. (“AMC”), which owned and operated a portfolio of manufactured housing communities. Jason managed Property Operations, Inventory Sales/Financing, Technology Systems and Human Resources. Previously, Jason was the Director of Operations of Mobile Home Park Investments, Inc. (MHPI) which owned and operated a portfolio of manufactured housing community assets. At MHPI, Jason supervised operations of 45 properties across seven states and directed MHPI Leasing, which he formed, and the sales entity, as well as policies and procedures and technology systems across the enterprise.
Jason was a managing business and technology consultant for Accenture and before that was a consultant at Automatic Data Processing.
Truman State University, BA in Psychology
Ball State University, MS in Information and Communication Sciences