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Cloobeck is primarily known as the founder and former chairman of Sunrock Realty, a real estate investment and development company based in Las Vegas. Established in the late 1990s, Sunrock became a significant player in the acquisition and repositioning of distressed properties, particularly in the niche of manufactured housing communities. The companys model involves purchasing undervalued real estate, stabilizing the operations, and managing the long-term asset. This business strategy proved highly lucrative, especially during the recovery phase following the 2008 financial crisis, when distressed properties were abundant. The success of Sunrock is the primary engine behind Cloobecks wealth, allowing him to amass a fortune estimated to be in the hundreds of millions of dollars, placing him solidly within the ranks of wealthy American entrepreneurs.
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