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Lake Forest, Illinois (January 21, 2010) – Green Courte Partners, LLC, a private equity real estate investment firm targeting niche real estate sectors, announced today the promotion of Ami A. Shah and Marnie C. Helfand to Vice President.

Since joining Green Courte Partners in September 2007, Ms. Shah has made significant contributions to the firm’s retail portfolio where she has taken on responsibility for leasing, marketing and tenant relations at several of Green Courte’s properties including the Shoppes of Long Grove and Mill Pond in Long Grove, Illinois and Grand Village in Branson, Missouri. As a Vice President, Ms. Shah will continue and expand upon her existing role within Green Courte’s Retail Asset Management group.

Ms. Helfand joined Green Courte in June 2008. Since joining the firm, Ms. Helfand has contributed to the firm’s capital markets and investor relations/reporting efforts. In 2009, Ms. Helfand was instrumental in refinancing approximately $125.0 million of the existing mortgage debt within Green Courte’s manufactured housing community portfolio. As Vice President, Ms. Helfand will continue and expand upon her existing role within Green Courte’s Capital Markets group.

Commenting on the promotions, Randy Rowe, Green Courte’s Chairman, said, “Ami and Marnie have made significant contributions to Green Courte’s success over the past several years. I look forward to their continued growth and success and expect that they will make a greater impact on Green Courte in the future.”

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm targeting niche real estate sectors, including manufactured housing communities, “Main Street” retail/mixed-use properties and parking assets in high barrier locations. The firm combines focused investment strategies with a disciplined approach to transaction execution and asset management. Green Courte’s goal is to invest in high quality assets that will generate attractive risk-adjusted returns over a long-term holding period.

Clearwater, Florida and Lake Forest, Illinois (January 12, 2010) – American Land Lease, Inc. (“American Land Lease”) and Green Courte Partners, LLC (“Green Courte”) announced today that David B. Lentz has been named President and Chief Executive Officer of American Land Lease. In addition, Shannon E. Smith has been named Chief Operating Officer of American Land Lease and will continue to serve as its Chief Financial Officer. Mr. Lentz is also a Managing Director of Green Courte, where he has been affiliated since June 2003.

Green Courte’s second fund, Green Courte Real Estate Partners II, LLC and its affiliates, completed the acquisition of all of American Land Lease’s common stock in March 2009, making Green Courte the nation’s eighth largest owner of land-lease communities. Mr. Smith joined American Land Lease in October 2000 as Chief Accounting Officer and has served as Chief Financial Officer since February 2001. Mr. Smith joined Green Courte as a Managing Director in May 2009.

Randy Rowe, Chairman of both Green Courte and American Land Lease, noted, “As we plan for the ongoing expansion of our investment in the land-lease community sector, we believe it is critical to have a broad and deep management capability focused on innovating multiple aspects of the ownership and operation of land-lease communities. The appointment of David and Shannon to the top leadership positions at American Land Lease signals our continuing commitment to building the leading operating platform in the business.”

About American Land Lease

American Land Lease, Inc. is a Clearwater, Florida-based real estate investment trust that owns, develops and manages residential land-lease communities primarily serving active adults. With approximately 9,000 home sites in 25 communities located in Florida, Arizona and Alabama, American Land Lease is committed to providing affordable, free-spirited retirement living for active adults. For more information, visit www.AmericanLandLease.com.

About Green Courte Partners

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm targeting niche real estate sectors, including land-lease communities, “Main Street” retail/mixed-use properties and parking assets in high barrier locations. Green Courte owns approximately 7,600 home sites in 26 communities located in nine states, in addition to the home sites owned by American Land Lease. The firm combines focused investment strategies with a disciplined approach to transaction execution and asset management. Green Courte’s goal is to invest in high quality assets that will generate attractive risk-adjusted returns over a long-term holding period.

Lake Forest, Illinois (September 10, 2009) – (BUSINESS WIRE) – Green Courte Partners, LLC, a Chicago-based private equity real estate investment firm, today announced that one of its affiliates (such affiliate is referred to as “Green Courte Partners”) has commenced an offer (the “Tender Offer”) to purchase any and all shares of 7.75% Series A Cumulative Redeemable Preferred Stock (the “Shares”) of American Land Lease, Inc. (symbol: ANLDP) not owned by it at a price of $8.4688 per Share in cash without interest and less any amounts required to be deducted and withheld under any applicable law (the “Tender Offer Consideration”). The terms and conditions of the Tender Offer are described in the Offer to Purchase dated September 10, 2009 (the “Offer to Purchase”), and a related letter of transmittal (the “Letter of Transmittal” and, together with the Offer to Purchase, the “Offer Documents”). The Tender Offer Consideration represents the entire amount Green Courte Partners is offering to pay for each Share validly tendered on or prior to 5:00 P.M., New York City time, on October 8, 2009, unless the Tender Offer is extended. A holder whose Shares are validly tendered in the Tender Offer will not have a right to receive previously accrued but unpaid dividends, which equaled $0.96875 per Share at August 31, 2009. The $8.4688 per Share to be paid for each Share in the Tender Offer represents a premium of approximately 35.5% to $6.25, which is the last sale price on September 9, 2009 as reported on the inter-dealer Pink Sheets. The Tender Offer is not conditioned on Green Courte Partners obtaining financing or Green Courte Partners’ receipt of a minimum amount of tendered Shares.

Green Courte Partners has retained Wells Fargo Bank, N.A. to serve as the depositary and Innisfree M&A Incorporated to serve as the information agent. Questions regarding the Tender Offer and copies of the Offer Documents may be obtained by calling Innisfree M&A Incorporated toll-free at 888-750-5834 (banks and brokers may call collect at 212-750-5833).

This press release does not constitute an offer to purchase or a solicitation of any offer to sell the Shares or any other securities. The Tender Offer is being made solely by the Offer to Purchase dated September 10, 2009 and the related Letter of Transmittal.

The Tender Offer is not being made to holders of Shares in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.

About Green Courte Partners

Green Courte Partners is a Chicago-based private equity real estate investment firm targeting niche real estate sectors, including manufactured housing communities, “Main Street” retail/mixed-use properties and parking assets in high barrier locations. The firm combines focused investment strategies with a disciplined approach to transaction execution and asset management. Green Courte’s goal is to invest in high quality assets that will generate attractive risk-adjusted returns over a long-term holding period.

Lake Forest, Illinois (August 5, 2009) — Green Courte Partners, LLC, a private real estate investment firm targeting niche real estate sectors, announced today the promotion of James R. Goldman to Vice Chairman. Mr. Goldman will continue to serve as the Chief Investment Officer of Green Courte.

Since joining Green Courte in 2003, Mr. Goldman has been actively involved in all aspects of the firm’s operations, including acquisitions, fundraising, portfolio management and investor relations and reporting. Mr. Goldman was integrally involved in Green Courte’s recent acquisition of American Land Lease, Inc. The acquisition of American Land Lease doubled the size of Green Courte’s manufactured housing community portfolio. Green Courte is now the nation’s eighth largest owner of manufactured housing communities.

According to Green Courte’s Chairman, Randy Rowe, “Jim has been a significant contributor to the growth and success of Green Courte Partners. Jim has tremendous experience with a wide variety of real estate sectors and investment structures. Combined with his sound and conservative business judgment, Jim has become an invaluable asset to the firm, earning the trust and respect of our investors, partners and employees. I am confident that Jim will continue to make important contributions to Green Courte in the future.”

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm targeting niche real estate sectors, including manufactured housing communities, “Main Street” retail/mixed-use properties and parking assets in high barrier locations, through transaction structures customized to achieve seller objectives. The firm combines focused investment strategies with a disciplined approach to transaction execution and asset management. Green Courte’s goal is to invest in high quality assets that will generate attractive risk-adjusted returns over a long-term holding period.

Lake Forest, Illinois (April 20, 2009) – Green Courte Partners, LLC announced today that it was named “Manufactured Home Community Operator of the Year” at the Manufactured Housing Institute’s 2009 National Congress & Expo for Manufactured and Modular Housing. Award recipients are chosen by a group of manufactured housing industry leaders.

The receipt of the 2009 Community Operator of the Year award marks the second consecutive win for Green Courte Partners and third consecutive win for the combined Green Courte Partners and American Land Lease management teams. With the closing of its merger with American Land Lease, Inc. in early March 2009, Green Courte Partners is now the eighth largest owner of residential land-lease home sites. Senior management of Green Courte Partners has a strong track record of success in the manufactured housing industry.

Commenting on the award, Randy Rowe, Chairman of Green Courte Partners, stated, “We are surprised and honored to have been recognized as Community Operator of the Year for a second consecutive year. In this challenging economic environment, the value of a highly-focused and motivated management team cannot be overstated. While we are proud of our accomplishments so far, we realize that there is much work still ahead to allow our enterprise to achieve its full potential.”

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity investment firm focused primarily on manufactured housing communities, in-fill/“Main Street” retail properties, and parking assets, but will invest in any real estate asset or strategy that will generate attractive risk-adjusted returns over a long-term holding period. In March 2009, Green Courte completed its merger with American Land Lease, Inc. With the completion of the merger, the combined companies own 18,300 residential land-lease home sites located in 53 communities across 11 states.

Lake Forest, Illinois (April 20, 2009) – Green Courte Partners, LLC announced today that it was named “Manufactured Home Community Operator of the Year” at the Manufactured Housing Institute’s 2009 National Congress & Expo for Manufactured and Modular Housing. Award recipients are chosen by a group of manufactured housing industry leaders.

The receipt of the 2009 Community Operator of the Year award marks the second consecutive win for Green Courte Partners and third consecutive win for the combined Green Courte Partners and American Land Lease management teams. With the closing of its merger with American Land Lease, Inc. in early March 2009, Green Courte Partners is now the eighth largest owner of residential land-lease home sites. Senior management of Green Courte Partners has a strong track record of success in the manufactured housing industry.

Commenting on the award, Randy Rowe, Chairman of Green Courte Partners, stated, “We are surprised and honored to have been recognized as Community Operator of the Year for a second consecutive year. In this challenging economic environment, the value of a highly-focused and motivated management team cannot be overstated. While we are proud of our accomplishments so far, we realize that there is much work still ahead to allow our enterprise to achieve its full potential.”

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity investment firm focused primarily on manufactured housing communities, in-fill/“Main Street” retail properties, and parking assets, but will invest in any real estate asset or strategy that will generate attractive risk-adjusted returns over a long-term holding period. In March 2009, Green Courte completed its merger with American Land Lease, Inc. With the completion of the merger, the combined companies own 18,300 residential land-lease home sites located in 53 communities across 11 states.