Category: Uncategorized

Chicago, Illinois (March 11, 2022) – 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 Chateaux at Mon Abri, Laurel Springs, and Grace Pointe Living, three active-adult senior cottage communities located in the Oklahoma City metropolitan statistical area. The portfolio contains 315 cottages and a 35-unit age-restricted apartment building. 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 17 communities containing approximately 2,600 units.

Matt Pyzyk, Managing Director of Acquisitions at GCP, said, “We are increasingly attracted to this transitional subset of the active-adult/senior housing sector based on our positive experience operating the cottage component of our existing portfolio, which is continually almost 100% occupied. Age-restricted cottages are a unique type of rental housing that is designed for and targeted to seniors seeking a single-family environment without the burden of home maintenance and who don’t yet desire the all-inclusive services like meals or housekeeping that come with independent living communities. We will continue to seek attractive opportunities to acquire or develop age-restricted cottage communities.”

Jim Pusateri, Chief Executive Officer of TCC and a Managing Director at GCP, added, “We are pleased to add this high-quality portfolio to the TCC family.  The cottages feature private entries, private patios, and individual garages or carports and we plan to improve the common areas and amenities at all three communities to expand their market appeal. This style of rental housing is perfect for active seniors seeking to maintain a socially rich, independent lifestyle.”

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

Chicago, Illinois (March 9, 2022) – 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 it has hired C.R. Russell as Managing Director of Development. In this role, Mr. Russell will oversee all development and construction activities for Green Courte’s investments in Windward Communities, True Connection Communities, and The Parking Spot, Green Courte’s land-lease community, senior housing, and near-airport parking companies, respectively. Mr. Russell is replacing John Lyons, who retired in February after being with Green Courte and The Parking Spot since 2010.

Prior to joining Green Courte, Mr. Russell was a Senior Vice President of Development and Construction at A.J. Capital Partners, a vertically integrated developer with $3.6 billion in real estate investments across 45 markets. In that role, Mr. Russell oversaw the planning and development efforts of $1.2 billion of high-profile hospitality and mixed-use developments comprising nearly 2.6 million square feet of space. Earlier in his career, Mr. Russell held several management roles at Vail Resorts Development Company on behalf of Vail Resorts, Inc., the largest owner and operator of mountain resort properties. At Vail, Mr. Russell was responsible for the company’s mountain development team as well as expansion efforts across its entire portfolio of properties.

Mr. Russell holds a Bachelor of Arts in Environmental Policy from Rollins College and a Master of Business Administration from Northwestern University’s J.L. Kellogg Graduate School of Management.

Commenting on the addition of Mr. Russell to the Green Courte team, David B. Lentz, Green Courte’s Chief Executive Officer, stated, “We are thrilled to welcome C.R. to our team, and we look forward to leveraging his diverse skillset and expertise to further expand and improve Green Courte’s development efforts across our three active platforms.”

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

Chicago, Illinois (March 9, 2022) – Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today the promotions of Jon S. Pollan to Managing Director of Acquisitions and Josh D. Reichert to Managing Director of Portfolio Management.

Mr. Pollan joined Green Courte in 2013 as an Associate focusing on acquisitions and asset management. He was promoted to Senior Associate in 2015 and to Vice President in 2018. As a Managing Director, Mr. Pollan will be responsible for sourcing and leading new acquisitions for Green Courte’s near-airport parking company, The Parking Spot, and its land-lease community platform, Windward Communities.

Prior to joining Green Courte, Mr. Pollan worked for Stonehenge Partners, where he participated in asset management for the firm’s $2.2 billion portfolio. Mr. Pollan holds a Bachelor of Business Administration in Real Estate and Urban Land Economics from the University of Wisconsin-Madison.

Mr. Reichert joined Green Courte in 2018 as a Senior Strategy Associate in portfolio management. He was promoted to Vice President in 2020. As a Managing Director, Mr. Reichert will continue to identify and evaluate strategic initiatives and value-add opportunities in each of Green Courte’s operating businesses, oversee portfolio investment valuations, and manage asset dispositions.

Prior to joining Green Courte, Mr. Reichert worked at Heitman Capital Management, where his team was responsible for the management and performance of a $4.0 billion portfolio that included office, retail, apartment, and self-storage assets. Earlier in his career, Mr. Reichert was a management consultant at PwC. Mr. Reichert holds a Bachelor of Arts in International Business from Gettysburg College and a Master of Business Administration from Northwestern University’s J.L. Kellogg Graduate School of Management.

Reflecting on these promotions, David B. Lentz, Green Courte’s Chief Executive Officer, commented, “We are thrilled to welcome two new partners as we recognize the many contributions both Jon and Josh have made toward Green Courte’s success. These promotions help illustrate the breadth and depth of talent and experience we have assembled at the firm.”

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

Chicago, Illinois (March 9, 2022) – Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today the promotions of six staff members to Vice President: Ross S. Gordon, David P. Hoogmoed, Joshua L. Kohlenbrener, Daniel M. Koop, Brian C. Lady, and Abigail S. Ling.

Mr. Gordon joined Green Courte in 2016 as a Senior Accountant and was promoted to Assistant Controller in 2020. As a Vice President, he will continue to be responsible for the infrastructure, accounting, and reporting for two of Green Courte’s investment funds, Green Courte Real Estate Partners I, LLC and Green Courte Real Estate Partners V, LLC. Prior to joining Green Courte, Mr. Gordon worked as a Staff Accountant at Enlivant and was an Audit Associate at Deloitte, primarily focused on real estate investment trusts. Mr. Gordon holds both a Bachelor of Science and a Master of Science in Accountancy from the University of Missouri.

Mr. Hoogmoed joined Green Courte in 2021 as a Senior Associate, supporting acquisitions for the firm’s senior housing business, True Connection Communities (“TCC”). As a Vice President, he will continue to help source and underwrite active-adult and independent living community investments for TCC. Prior to joining Green Courte, Mr. Hoogmoed was a Strategy Consultant at Accenture Strategy. Mr. Hoogmoed holds a Bachelor of Business Administration from the University of Michigan and a Master of Business Administration from the University of Chicago Booth School of Business.

Mr. Kohlenbrener joined Green Courte in 2020 as a Program Director of Construction and Development. As a Vice President, he will continue executing development, expansion, and value-add projects for TCC and Green Courte’s land-lease community portfolio, Windward Communities (“WC”). Prior to joining Green Courte, Mr. Kohlenbrener worked as a project manager for Clark Construction Group. Mr. Kohlenbrener holds a Bachelor of Science in Civil Engineering from the University of Illinois Urbana-Champaign.

Mr. Koop joined Green Courte in 2020 as a Senior Associate supporting land-lase community and near-airport parking acquisitions. As a Vice President, he will continue to help source and underwrite acquisitions for WC and Green Courte’s near-airport parking business, The Parking Spot (“TPS”). Prior to joining Green Courte, Mr. Koop worked for Ventas, where he held several roles managing the firm’s medical office and life sciences portfolio. Prior to Ventas, he worked in corporate finance at Allstate Insurance Company. Mr. Koop holds a Bachelor of Science in Finance from the University of Notre Dame and a Master of Business Administration from Northwestern University’s J.L. Kellogg Graduate School of Management.

Mr. Lady joined Green Courte in 2020 as a Finance Manager. As a Vice President, he will continue to focus on reporting, budgeting, and analytics for WC and TCC. Prior to joining Green Courte, Mr. Lady worked at Ventas on the asset management team, where he was responsible for reporting and forecasting. Mr. Lady holds both a Bachelor of Business Administration in Finance and a Master of Science in Finance from the University of Wisconsin-Madison.

Ms. Ling joined Green Courte in 2019 as a Senior Accountant and was promoted to Assistant Controller in 2021. Along with her promotion to Vice President, Ms. Ling was named Controller for one of Green Courte’s investment funds, Green Courte Real Estate Partners IV, LLC, for which she will lead the accounting and reporting functions. Prior to joining Green Courte, Ms. Ling was a Senior Audit Associate at KPMG where she audited healthcare and senior housing companies. Ms. Ling holds both a Bachelor of Science in Accounting and a Master of Accounting Science from the University of Illinois Urbana-Champaign and is a Certified Public Accountant.

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