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Chicago, Illinois (February 8, 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 fifth investment fund, Green Courte Real Estate Partners V, LLC, and its affiliates, acquired 5301 Wilbarger, a 40-acre industrial outdoor storage (“IOS”) property located in Fort Worth, Texas, that the company intends to operate as managed truck storage. The acquisition marks GCP’s entrance into the IOS sector and launches its truck storage operating platform.

Regarding the transaction, Jordan Kerger, Managing Director at GCP, stated, “We are thrilled to enter the IOS sector through this strategic acquisition. Consistent with our investments in near-airport parking, land-lease communities, and senior living, we have built a fully integrated operating platform to enhance the value of our real estate and better position us for a wide range of transaction opportunities.” GCP’s truck storage operating platform, GCP Truck Storage Management (“GCP TSM”), will be led by Currey Hall, who is a founder and the former president of Vantage Truck Parking, an earlier entrant into the truck storage sector.

Hall, now Managing Director at GCP and President of GCP TSM, said, “This is a fantastic property located in a large and expanding industrial corridor in the Dallas-Fort Worth metroplex. I am very excited to lead the rollout of our operating platform and the implementation of our business plan. We will continue to pursue opportunities to acquire new properties and expand our platform.”

JD Salazar, representing TH Logistics Fund I, a joint venture between Timber Hill Group and Champion Realty Advisors, added, “GCP approached us directly regarding the sale of our property. GCP and our team worked together to find creative solutions that allowed us to close on the terms to which we had originally agreed. I would be pleased to work with GCP again on future real estate transactions.”

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

Chicago, Illinois (February 6, 2024) ­— The Parking Spot (“TPS”), a leading owner and operator of near-airport parking properties, announced today the acquisition of Park ’N Fly (“PNF”), a near-airport parking sector owner/operator with 13 owned, leased, and managed facilities. This transaction will allow TPS to expand its footprint, broaden its third-party management offering for near-airport parking properties, and augment the company’s proprietary revenue-management technology with PNF’s near-airport parking search aggregator, which facilitates bookings for third-party-owned near-airport parking assets. With this addition, TPS now operates 47 facilities containing more than 100,000 spaces and located at 28 airports. TPS is owned by investment funds sponsored by Green Courte Partners, LLC (“GCP”).

Jordan Kerger, Managing Director at GCP, said, “The Park ’N Fly platform has been our top acquisition target since we acquired The Parking Spot in 2011. Park ’N Fly was the first near-airport parking operator in the country, and we have a deep respect for the company. We are excited to continue to grow in the highly fragmented near-airport parking sector, and we remain committed to identifying opportunities to broaden The Parking Spot’s footprint nationally through Green Courte Partners’ investment funds.”

“The acquisition of Park ’N Fly is a defining moment for The Parking Spot,” said Tim O’Malley, Chief Executive Officer of TPS and Managing Director at GCP. “We see many opportunities for continued growth, and we are excited for The Parking Spot’s exceptional service to reach more customers across many new markets.”

Stephan Baars, Chief Executive Officer of BCD Group, GCP’s counterparty in the transaction, stated, “We recently celebrated our 35th year of owning Park ’N Fly. When we made the decision to sell, our main priority was to find a buyer that provided a secure future, a similar cultural fit, continued growth opportunities for our employees, and an outstanding experience for our customers. We found a perfect fit with the team at Green Courte Partners and The Parking Spot.”

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

Chicago, Illinois (August 3, 2023) ­– The Parking Spot (“TPS”), the nation’s largest owner and operator of near-airport parking properties, announced today the acquisition by an affiliate of a second location serving the Philadelphia International Airport (“PHL”). The near-airport parking facility, known as Colonial Airport Parking (“Colonial”), has 1,349 self-park spaces. Colonial is located on the south side of PHL and will be rebranded as The Parking Spot South to complement TPS’s existing property on the north side of PHL. With this addition, TPS now operates 38 facilities at 22 airports containing more than 81,000 spaces. TPS is owned by an investment fund sponsored by Green Courte Partners, LLC (“GCP”).

Jordan Kerger, Managing Director at GCP, added, “We are pleased to expand our presence at PHL and add a location on the south side of the airport. We continue to seek opportunities to grow TPS nationally through our GCP-sponsored investment funds.”

Jed Hatfield, one of the prior owners of Colonial, added, “We’ve had a long-standing relationship with GCP. They approached us directly and were able to structure a transaction that accomplished our objectives. We were pleased with the timeline and outcome of the transaction.”

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

Chicago, Illinois (July 11, 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 fourth investment fund, Green Courte Real Estate Partners IV, LLC, and its affiliates, acquired two land-lease communities, East Avenue and Forest Lawn, comprising approximately 335 home sites and located in Rochester, New York. The acquisition increases GCP’s national land-lease community portfolio, which is managed by the firm’s wholly owned operating platform, Windward Communities, to 23 communities containing approximately 8,000 sites.

Regarding the transaction, Jordan Kerger, Managing Director at GCP, stated, “East Avenue and Forest Lawn are located adjacent to our existing land-lease community, Penfield Farms, so this was a uniquely strategic acquisition. We plan to operate the three communities together and to rebrand East Avenue and Forest Lawn as Penfield Farms East and Penfield Farms West, respectively. We’ve known the owners of these properties for many years and completed transactions with them in the past, so we structured a direct, off-market transaction that met both our needs. We are thrilled to expand our footprint in the greater Rochester area.”

Jim Martin, one of the sellers of the communities, added, “We are pleased to have completed our third transaction with GCP. Given our long-standing relationship with them and their excellent track record, we felt confident in their ability to close despite the recent market volatility.”

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

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