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Chicago, Illinois (March 4, 2025) – 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 sixth investment fund, Green Courte Real Estate Partners VI, LLC and its affiliates, has acquired 55 Resort at Water Valley, a 120-unit active-adult community located in Windsor, Colorado, just north of Denver in the Water Valley master-planned development. This acquisition expands GCP’s national senior living portfolio, managed by its wholly owned operating platform, True Connection Communities, to 21 communities with approximately 3,300 units.

“We are excited to expand our portfolio and establish a presence in the Colorado market with the acquisition of 55 Resort at Water Valley, soon to be rebranded as Eagle’s Peak at Water Valley,” said Matt Pyzyk, managing director at GCP. “This community was a key target for us due to its prime location within the high-growth corridor between Denver and Fort Collins. Its extensive amenities and integration into the Water Valley master-planned community provide an exceptional lifestyle environment for active adults 55 and older. We remain committed to acquiring similar communities as we grow our active-adult portfolio.”

Brad Florin, a counterparty in the transaction, stated, “Having known the GCP leadership team since the community was developed in 2019, we are pleased to finalize this transaction with them. They moved swiftly, met our timeline, and ensured a seamless process.”

About Green Courte Partners

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors. The firm has active investments in the following sectors: active-adult/independent senior living, land-lease communities, industrial outdoor storage, and near-airport parking. The firm combines focused investment strategies with a disciplined approach to transaction execution, operations, and asset management. Green Courte’s goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period. For additional information, please visit Green Courte’s website at GreenCourtePartners.com.

About True Connection Communities

True Connection Communities operates a high-quality portfolio of 21 active-adult and independent senior living communities, containing approximately 3,300 units located in 13 states, to meet the growing needs of Americans over the age of 55 seeking an active and engaged lifestyle. To deliver an exceptional resident experience, the company focuses on five key offerings: custom-designed fitness and wellness programs, creative chef-prepared meals made with the freshest seasonal ingredients, social activities designed for a life on the move, innovative educational programs, and state-of-the-art technology. To learn more, visit TrueConnectionCommunities.com.

Investor contact:
Marnie Helfand
(312) 966-4747
MarnieHelfand@GreenCourtePartners.com

Media contact:
Robert Dekker
(312) 966-3816
RDekker@GreenCourtePartners.com

Chicago, Illinois (January 9, 2025) – Green Courte Partners, LLC (“Green Courte”), a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today that its sixth investment fund, Green Courte Real Estate Partners VI, LLC and its affiliates, acquired 3436 Couchville Industrial Boulevard, an industrial outdoor storage (“IOS”) facility located along I-840 in Mount Juliet, Tennessee, in Wilson County’s fast-growing industrial submarket. The property will be managed by GCP Truck Storage Management, LLC (“GCP TSM”), Green Courte’s wholly owned IOS operating platform. 

Regarding the transaction, Jordan Kerger, Managing Director at Green Courte, stated, “This acquisition is an important step in building our IOS business. Situated near a key interchange in a thriving industrial submarket, the property’s location and turnkey condition make it well-suited for our growing IOS portfolio. We are excited to continue our investment in this sector and we remain committed to identifying opportunities to broaden our footprint nationally.”

Currey Hall, Managing Director at Green Courte and President of GCP TSM, added, “The Couchville location is perfectly suited for logistics operators, and this site provides us the optionality to accommodate demand for managed truck storage tenants alongside other IOS leasing opportunities.”

Albert “Pound” Lamb, the seller in the transaction, noted, “After building a relationship with the Green Courte team over a period of years, we are pleased to have successfully completed this transaction. Their professionalism made them excellent partners throughout the sale process and ensured a timely closing.”

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors. The firm has active investments in the following sectors: active-adult/independent senior living, land-lease communities, industrial outdoor storage, and near-airport parking. The firm combines focused investment strategies with a disciplined approach to transaction execution, operations, and asset management. Green Courte’s goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period. For additional information, please visit Green Courte’s website at www.GreenCourtePartners.com.

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

Chicago, Illinois (December 12, 2024) – 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 sixth investment fund, Green Courte Real Estate Partners VI, LLC and its affiliates, acquired Cottages of Monroe, a 51-unit active-adult cottage community located in Monroe, Georgia, just east of Atlanta. The acquisition increases GCP’s national senior living portfolio, which is managed by the firm’s wholly owned operating platform, True Connection Communities, to 20 communities containing approximately 3,200 units. 

Matt Pyzyk, Managing Director at GCP, said, “We are excited to expand our portfolio and enter the Atlanta market with the acquisition of Cottages of Monroe, which has earned a strong local reputation and consistently maintained high occupancy rates. This gated community has been a key target for us due to its attractive location and the desirability of its single-story cottage product. With this acquisition, our senior living portfolio now includes approximately 650 cottages. We are actively pursuing opportunities to acquire or develop similar communities to expand our senior cottage portfolio.”

Randy Griffin, one of Green Courte’s counterparties in the transaction, added, “We’ve had a long-standing relationship with GCP. They approached us directly and were able to structure a deal that accomplished our objectives. We were pleased with the timeline and outcome of the transaction.”

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors. The firm has active investments in the following sectors: active-adult/independent senior living, land-lease communities, industrial outdoor storage, and near-airport parking. The firm combines focused investment strategies with a disciplined approach to transaction execution, operations, and asset management. Green Courte’s goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period. For additional information, please visit Green Courte’s website at www.GreenCourtePartners.com.

About True Connection Communities

True Connection Communities operates a high-quality portfolio of 20 active-adult and independent senior living communities, containing approximately 3,200 units located in 11 states, to meet the growing needs of Americans over the age of 55 seeking an active and engaged lifestyle. To deliver an exceptional resident experience, the company focuses on five key offerings: custom-designed fitness and wellness programs, creative chef-prepared meals made with the freshest seasonal ingredients, social activities designed for a life on the move, innovative educational programs, and state-of-the-art technology. To learn more, visit www.TrueConnectionCommunities.com.

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

Chicago, Illinois (October 22, 2024) – Green Courte Partners, LLC (“Green Courte”), 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 USAirport Parking (“USAP”), a near-airport parking facility serving Denver International Airport. The facility has 7,599 self-park spaces, including over 1,100 covered spaces, and will be managed by and rebranded as The Parking Spot.

Jordan Kerger, Managing Director at Green Courte, stated, “USAP has been one of our top acquisition targets since we began investing in the near-airport parking industry in 2011.  We identified USAP because of its strategic location and attractive product offering. Following the acquisition, we plan to enhance the property’s position as a premium facility by investing in significant capital improvements, including expansion of the facility’s covered parking options.”

Milt Rotenberg, Green Courte’s counterparty in the transaction, added, “Green Courte built a relationship with us over the past decade, demonstrating a deep understanding of our property, the Denver market, and the near-airport parking industry. They crafted a flexible transaction structure that met our needs and delivered exactly what they promised.”

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors. The firm has active investments in the following sectors: active-adult/independent senior living, land-lease communities, industrial outdoor storage, and near-airport parking. The firm combines focused investment strategies with a disciplined approach to transaction execution, operations, and asset management. Green Courte’s goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period. For additional information, please visit Green Courte’s website at www.GreenCourtePartners.com.

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

New York, NY & Chicago, IL (October 8, 2024) – KKR, a leading global investment firm, today announced that KKR has acquired The Parking Spot (“TPS” or the “Company”), the nation’s leading owner and operator of near-airport parking properties, from an affiliate of Green Courte Partners, LLC, a private equity real estate investment firm. Financial terms of the transaction were not disclosed.

Founded in 1998, TPS is the preeminent provider of near-airport parking operations in the U.S., with 47 strategically located parking properties across the country servicing customers traveling from all major airports. Its facilities are designed to deliver convenient, affordable, and hassle-free transitions to and from airport terminals, and feature a range of parking options as well as reliable and recognizable shuttle services. TPS’s accomplished management team will continue to lead the Company.

“The Parking Spot has demonstrated a compelling track record of growth and delivery of a high-quality offering to travelers that aligns well with our investment philosophy,” said Dash Lane, Partner at KKR. “With its strong and established platform, well-known industry brand, and superior customer service, TPS is recognized as an industry leader. Above all, we are strong believers in the TPS management team and their vision, along with the employees who have contributed meaningfully to the Company’s success. We are eager to work with them to further build on their impressive performance and capitalize on the numerous growth opportunities that lie ahead.”

Braden Rudolph, Chief Operating Officer of Green Courte, said, “We are proud of Green Courte’s contributions to the TPS platform throughout our ownership period, during which we expanded TPS’s footprint through acquisitions and ground-up developments from a 17-property portfolio in 2011 to 47 facilities today. Through our strategic partnership with TPS, we developed proprietary technology and a data-driven platform to enhance TPS’s value proposition while the team continued to deliver best-in-class customer service. We look forward to furthering our strong relationship with TPS and KKR as we continue to own 15 near-airport parking facilities that are currently operated by The Parking Spot.  Green Courte remains committed to investment in the near-airport parking sector.”

“Today marks a significant milestone for The Parking Spot and reinforces our position as the premier choice for travelers seeking convenient and reliable near-airport parking. KKR’s industry knowledge and substantial resources will be instrumental as we continue to grow our core business and enhance our market leadership,” said Tim O’Malley, President and Chief Executive Officer at TPS. “We are also grateful to Green Courte for their unwavering support over the years, which has been fundamental to our success. Their strategic partnership has set the stage for this exciting new chapter with KKR.”

KKR made this investment through its Global Infrastructure Strategy. Morgan Stanley & Co. LLC served as financial advisor to KKR and Simpson Thacher Bartlett served as legal advisor to KKR. Evercore served as financial advisor to Green Courte and DLA Piper served as legal advisor to Green Courte.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, including active-adult/independent senior living properties, land-lease communities, near-airport parking facilities, and truck storage properties. The firm combines focused investment strategies with a disciplined approach to transaction execution, operations, and asset management. Green Courte’s goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period. For additional information, please visit Green Courte’s website at www.GreenCourtePartners.com.

About The Parking Spot

As the nation’s leading near-airport parking company, with 47 convenient locations at 28 major U.S. airports, TPS makes airport travel simple and seamless. Friendly, courteous team members, outstanding value, an unmatched customer service commitment, and our industry-leading Spot Club loyalty program combine to ensure that TPS is the best part of our guests’ travel experience. For more information, please visit www.theparkingspot.com, or follow TPS on Instagram @theparkingspotofficial and on Facebook.

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

Chicago, Illinois (September 30, 2024) – Green Courte Partners, LLC (“Green Courte”), a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today that its sixth investment fund, Green Courte Real Estate Partners VI, LLC, and its affiliates, acquired 1191 North Foster Road, a well-located land development site in San Antonio, Texas, that is adjacent to a growing hub of logistics facilities.

Green Courte plans to develop the site into an industrial outdoor storage (“IOS”) facility and then operate a portion of the property as managed truck storage and lease the remainder to IOS users on a triple-net basis. Construction is scheduled to be completed in the first half of 2025. The property will be managed by GCP Truck Storage Management, LLC (“GCP TSM”), Green Courte’s wholly owned IOS operating platform.  

Regarding the transaction, Jordan Kerger, Managing Director at Green Courte, stated, “This acquisition is a valuable addition to our expanding IOS portfolio. The property’s attractive location in a strong and growing industrial submarket makes it an ideal site for executing our IOS strategy.”

Currey Hall, Managing Director at Green Courte and President of GCP TSM, said, “We are excited to begin construction in the coming weeks and move forward with our business plan. The Foster Road location, which is less than a mile from an I-10 interchange, is ideal for logistics operators and stands out as one of the best in the market.  This site offers us the flexibility to meet demand by offering managed truck storage in addition to other IOS leasing options.”

Matt McWilliams, the seller in the transaction, added, “We are pleased to have successfully completed a transaction with Green Courte. They were great to work with throughout the entire sale process and closed our transaction on time.”

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