Cornell Communities

About Cornell Communities

Cornell Communities is a real estate operator headquartered in NY. Its investment focus is on Manufactured Housing and RV Parks.

Cornell Communities is a privately held real estate investment firm focused on affordable housing through manufactured home communities and land-lease assets. The company has operated since at least 2024 and lists a team size of 2–10 employees, with Leo Young serving as principal and Dominic Bologna and Ravi Patel as general partners. Its website identifies 10 selected communities totaling 599 units across New Jersey, Alabama, Illinois, North Carolina, Mississippi, Ohio, and Pennsylvania. Recent activity also includes a 50-unit RV park, extending the portfolio into long-term-stay recreational vehicle housing. Cornell targets acquisitions of 30–300 units and deal sizes up to $10 million. Preferred regions include the Connecticut–New Jersey–Pennsylvania tri-state area, Indiana and Ohio in the Midwest, and North Carolina and Florida in the Southeast. Its investment approach emphasizes acquiring underperforming communities, improving operations and conditions, filling vacant homesites, adjusting below-market rents, and generating returns for passive investors while preserving lower-cost housing.

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