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Cobblestone Announces Closing of Real Estate Fund

OAKBROOK TERRACE, Ill.–(BUSINESS WIRE)–Cobblestone Real Estate LLC (“Cobblestone”), a private real estate investment and management firm, announced today the closing of its first proprietary fund, Cobblestone SPC MHC Fund I LP (“CRE I”), with total capital raised of $72.1 million. CRE I makes real estate investments in the manufactured housing community and RV resort sector with a focus on Sunbelt state markets. To date the fund has invested approximately $31 million across eight (8) properties in Arizona, California, Florida and Nevada.

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https://www.businesswire.com/news/home/20191218005660/en/Cobblestone-Announces-Closing-Real-Estate-Fund