Our Team

Jefferson Lilly

Founder, Managing Partner

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Jefferson is a mobile home park investment expert and educator. He is responsible for Park Avenue Partners’ strategic direction, acquisitions, and property operations. Prior to founding Park Avenue Partners, he co-founded Park Street Partners, a similar partnership also focussed on acquiring mobile home parks nationwide. PSP’s investments are returning 8% - 12% cash annually to Limited Partners; appreciation is expected to increase returns further.

Both personally and through his partnerships, Jefferson has acquired 25 MHPs in 13 states since 2007 totaling over $56mm in value. He started the industry’s first podcast and the largest group on LinkedIn dedicated to investing in mobile home parks. Prior to beginning to manage investors’ money in 2014, Jefferson spent seven years investing his own capital in mobile home parks and consulting to high-net-worth families with interests in the manufactured housing industry. Earlier in his career he held a range of consulting and sales positions with Bain & Company, Viacom, and Verisign. Jefferson has been featured in The New York Times, Bloomberg Magazine, and on the Real Money television show. He holds a B.A. from the University of Pennsylvania and an MBA from the Wharton School of Business.

Jefferson’s favorite mobile home is the 1954 Spartan Imperial Mansion, upon which our logo is partially based. He finds the Bowlus Road Chief to be pretty appealing too.

Barry Hong

VP, Operations

Barry has over 20 years of hands-on operations and acquisitions experience in both the manufactured housing and self storage industries. Prior to joining Park Avenue Partners, Barry worked at RV Horizons, America’s 5th-largest owner of mobile home parks. As their Director of Corporate Operations he helped manage nearly 300 properties with an aggregate value in excess of $1 billion dollars. Prior to that, Barry worked at William Warren Group, on of America’s largest owner/operators of self storage facilities where he oversaw 29 properties with an aggregate value of over $250 million. Barry is responsible for all of Park Avenue’s property operations including overseeing on-site management, infill investment, CAPEX, and property-level reporting.

Advisory Board


Jack Tankersley


He is a co-founder of Meritage Funds with more than 35 years of experience as a private equity investor, having raised and managed more than $1.0 billion during his career. Prior to Meritage, Jack co-founded Centennial Funds in 1981 and served as its CEO and/or CIO until 1997. His career began in 1974 at the Continental Illinois Bank. Jack is a past President and Chairman of the Board of Trustees of the Denver Area Council Boy Scouts of America, currently serves on the Board of Directors of Cakebread Cellars, on the Tuck Center for Private Equity and Entrepreneurship’s Executive Advisory Board, the Board of Trustees of the National Trust for Historic Preservation, and the Board of Trustees of Denison University. Further, he serves as an advisor to the Colorado Impact Fund and Cheyenne Capital. Jack received a BA with High Honors from Denison University and an MBA from the Tuck School of Business at Dartmouth.