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Chicago, Illinois (September 17, 2025) – Green Courte Partners, LLC, 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 1401, 1416, 1431, 1432, and 1448 Precon Drive, collectively a 28-acre industrial outdoor storage (IOS) property located in Chesapeake, Virginia, adjacent to Norfolk in the greater Hampton Roads area. The property is located in the Bainbridge industrial submarket and is in close proximity to the Port of Virginia, one of the busiest ports on the East Coast.

The property features a 400-linear-foot marine bulkhead, a rail spur, and approximately 165,000 square feet of industrial buildings. As part of the transaction, the seller, Precon Marine Industries, Inc., a diversified marine contractor founded in 1993, leased back the marine bulkhead, two buildings, and a portion of the yard space. The remaining buildings and yard space are leased to four separate tenants.

“With its unique waterfront location, direct rail access, and stable, long-term cash flow, this property aligns well with our IOS investment strategy,” said Jordan Kerger, Managing Director at Green Courte. “We are excited to establish a presence in this market, one of the nation’s most important port logistics hubs, and to expand our national IOS platform and growing base of maritime-focused IOS assets with this acquisition.”

“We greatly valued Green Courte’s ability to move quickly and efficiently to complete this transaction,” said Doug Fuller, the seller’s representative in the transaction. “Their deep knowledge of the IOS sector and understanding of the complexities inherent in these types of properties gave us confidence throughout the process. We appreciate their professionalism and look forward to continuing our long-term operations at the site as part of this new partnership.”

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 www.GreenCourtePartners.com.

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

1401, 1416, 1431, 1432, and 1448 Precon Drive, a 28-acre industrial outdoor storage (IOS) property located in Chesapeake, Virginia

Chicago, Illinois (June 17, 2025) – Green Courte Partners, LLC, 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 1650 Hemlock Street, a 32-acre industrial outdoor storage (IOS) facility located in Tampa, Florida. The property sits in the attractive East Tampa industrial submarket and is adjacent to Port Tampa Bay.

The seller, Hendry Marine Industries, Inc., will lease back a portion of the site, including 1,600 linear feet of marine bulkhead. Hendry Marine Industries, together with Moran Environmental Recovery, LLC, which separately occupies part of the property, will utilize approximately half of the site, while Green Courte will redevelop the remaining 16 acres into new, well-located IOS space.

“With stable, long-term income in place combined with additional near-term redevelopment potential, 1650 Hemlock Street offers the flexibility to meet the needs of a wide variety of IOS users,” said Jordan Kerger, Managing Director at Green Courte. “The property’s direct waterfront access, heavy-industrial zoning, and proximity to port and rail infrastructure make it an ideal fit for our long-term IOS strategy. We’re excited to continue expanding our presence in this sector and remain committed to identifying opportunities to grow our national footprint.”

“This was a complex transaction,” said Mike Hendry of Hendry Marine Industries. “We appreciated Green Courte’s professionalism and solution-oriented approach throughout the process. We’re excited to continue the relationship and maintain 1650 Hemlock Street as part of our long-term home in Tampa.”

For information about leasing IOS space at 1650 Hemlock Street, please contact Brad Hutton at Franklin Street at (813) 793-8492 or Brad.Hutton@FranklinSt.com.

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.

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

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

1650 Hemlock Street, a 32-acre industrial outdoor storage (IOS) facility, located in Tampa, Florida

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