Chicago, Illinois (January 31, 2023) ­– Green Courte Partners, LLC (“GCP”), a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today that its fifth investment fund, Green Courte Real Estate Partners V, LLC, and its affiliates, acquired Bloomfield, a 95-apartment active-adult community located in Omaha, Nebraska. The acquisition increases GCP’s national age-restricted housing portfolio, which is managed by the firm’s wholly owned operating platform, True Connection Communities (“TCC”), to 18 communities containing approximately 2,700 units.

Matt Pyzyk, Managing Director of Acquisitions at GCP, said, “Bloomfield is an excellent addition to our portfolio. The community’s occupancy proved resilient through the pandemic, which is a testament to its unique product offering, compelling value proposition, and desirable location. We have observed strong demand for the active-adult operating format, and we will continue to seek attractive acquisition and development opportunities to grow our age-restricted housing portfolio.”

Jim Pusateri, Chief Executive Officer of TCC and a Managing Director at GCP, added, “We are thrilled to add Bloomfield to the TCC family. The community features large apartments with balconies, an attractive suite of amenities, and underground parking. Resident activities are included in rent, and à la carte services and meals, including dinner, are also available to residents. We plan to complete unit renovations and upgrade the outdoor amenities to enhance Bloomfield’s competitive position in the market.”

For media inquiries, please contact Marnie Helfand at (312) 966-4747 or MarnieHelfand@GreenCourtePartners.com