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Chicago, Illinois (November 3, 2020) – Green Courte Partners, LLC (“GCP”) announced today that its fifth investment fund, Green Courte Real Estate Partners V, LLC and its affiliates, acquired a portfolio of two land-lease communities located in the Cleveland, Ohio, metropolitan statistical area. The portfolio includes Columbia Park, a four-star, 1,076-site, age-restricted community, as well as Brook Park, a 112-site, all-age community. The communities will be managed by GCP’s wholly-owned operating platform, Windward Communities. With this acquisition, GCP’s portfolio of land-lease communities increases to 17 properties containing approximately 6,800 sites in six states.

GCP will implement a variety of value-add initiatives at the communities, including investing in new home inventory, instituting a robust home sales and leasing program, and updating the communities to improve their overall quality and curb appeal.

Jordan Kerger, Managing Director of GCP’s land-lease community investments, commented, “We are very excited to add these assets to our rapidly-growing land-lease community portfolio. Our team worked for many months with several stakeholders, each of whom had distinct objectives, to structure and close this complicated transaction. Our success is a testament to our team’s persistence and relentless dedication to building an irreplaceable portfolio of land-lease communities.  Columbia Park and Brook Park are the first properties acquired by our newest fund, and we are eager and well-positioned to continue building our national footprint of communities.”

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

Chicago, Illinois (October 26, 2020) – 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 it has hired Andrew C. Alexander as the first Chief Executive Officer of its new residential holding company, Green Courte Residential Holdings, LLC, which will oversee the operations of True Connection Communities, the firm’s active adult/independent senior living platform, and Windward Communities, its land-lease community platform. True Connection Communities currently consists of 11 senior living communities with over 1,800 units located in six states, and Windward Communities has 17 communities with over 6,700 sites located in six states. Mr. Alexander will also join Green Courte as a Managing Director.

Commenting on the addition of Mr. Alexander to the Green Courte team, David Lentz, Green Courte’s Chief Executive Officer, stated, “As we look at the opportunities that lie ahead, we anticipate that we will add additional residential platforms to our portfolio, so we felt it made sense to capture both the efficiencies and the enhanced capabilities that will come from creating a consolidated residential vehicle. We’re thrilled to welcome Andy to the Green Courte team and look forward to leveraging his deep experience developing diverse new brand platforms, marketing to uniquely targeted customer groups, and driving a strong and consistent customer experience.”

Mr. Alexander most recently served as the President and Chief Executive Officer of Red Roof, a leader in the economy hospitality business with over 660 hotel properties, including the Red Roof Inn, Red Roof Plus, The Red Collection, and HomeTowne Studios by Red Roof brands. He was hired as Red Roof’s General Counsel in 2007 and was elevated to President and CEO in 2009. He previously held positions as the General Counsel at Boykin Lodging and as Corporate Counsel at Renaissance Hotels International. During his tenure at Red Roof, Mr. Alexander was responsible for developing and implementing a seven-year plan that transformed the company from an underperforming, single-branded  entity to a multi-branded leader in the economy hotel space. Under Mr. Alexander’s leadership, Red Roof achieved the highest RevPAR (revenue per available room) of any brand in the economy segment, had the highest quality and service ratings for eight years running, and consistently captured market share from its competitors in recent years.

Regarding his new role, Mr. Alexander noted, “I’m excited to join the Green Courte team and partner with the talented senior leadership at True Connection Communities and Windward Communities, and I look forward to helping Green Courte continue to grow its customer-focused, lifestyle-driven residential housing businesses.”

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

Chicago, Illinois (September 17, 2020) – Green Courte Partners, LLC, a private equity real estate investment firm and owner of The Parking Spot, the nation’s leading near-airport parking company, announced today the acquisition of an 869-space parking facility serving Salt Lake City International Airport (“SLC”). The property, which is currently leased to and operated by Park N’ Jet, is contiguous to The Parking Spot’s existing near-airport parking facility in the market. This acquisition expands Green Courte’s presence at SLC to 2,900 parking spaces and increases Green Courte’s near-airport parking portfolio to 38 facilities at 22 airports containing more than 77,000 spaces nationwide.

Jordan Kerger, Managing Director at Green Courte, stated, “We are pleased to expand our footprint at SLC, particularly given the property’s proximity and access to the airport, strategic positioning relative to our existing location, and Salt Lake City’s long-term growth prospects. With the recent closing of our fifth investment fund, totaling over $540 million in equity commitments, we continue to seek near-airport parking acquisition opportunities in our pursuit to aggregate well-located real estate near major U.S. airports.”

Ben Brasher, Green Courte’s counterparty in the transaction, added, “Green Courte has been a pleasure to work with and remained committed to closing the transaction despite the current economic challenges resulting from the COVID-19 pandemic.”

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

Chicago, Illinois (June 18, 2020) – Green Courte Partners, LLC (“GCP”) announced today the promotions of Josh D. Reichert to Vice President of Portfolio Management, Emily D. O’Brien to Vice President of Human Resources, Ross Gordon to Assistant Controller, Catherine M. Hillenmeyer to Project Manager, Jennifer A. Slemp to Project Manager, and Elizabeth G. Degnan to Executive Assistant.

Mr. Reichert joined GCP in October 2019 as a Senior Strategy Associate, providing strategic and analytical support to GCP’s portfolio management team. As a Vice President of Portfolio Management, Mr. Reichert will work closely with GCP’s operating companies to identify, manage, and implement strategic business solutions while also tracking industry trends, property results, and company performance.

Prior to joining GCP, Mr. Reichert worked at Heitman Capital Management, where his team was responsible for the management and performance of a $4 billion portfolio that included office, retail, apartment, and self‐storage assets. Earlier in his career, he worked as a management consultant at PricewaterhouseCoopers. 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.

Ms. O’Brien joined GCP in August 2015 as an Executive Assistant for investor relations, accounting, and human resources. In 2016, she was promoted to Human Resources Coordinator. In her new role as Vice President of Human Resources, Ms. O’Brien will assume broader responsibility for the overall administration, development, and coordination of GCP’s human resources function.

Prior to joining GCP, Ms. O’Brien was a real estate investment associate for PRP, LLC, where she was responsible for investor relations and multifamily property management. Ms. O’Brien holds a Bachelor of Music in Musical Theater from The Catholic University of America.

Mr. Gordon joined GCP in January 2016 as a Senior Accountant with responsibility for budgeting, reporting, and financial analysis for GCP’s remaining condominium, retail, and land development investments, while also assisting on due diligence projects. As an Assistant Controller, Mr. Gordon will maintain his current responsibilities, while also developing the infrastructure, accounting, and reporting for GCP’s newest investment fund, Green Courte Real Estate Partners V, LLC.

Prior to joining GCP, Mr. Gordon worked as a staff accountant at Enlivant and was an audit associate at Deloitte, where he was 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.

Ms. Hillenmeyer joined GCP in April 2019 as the Executive Assistant to the Chief Executive Officer. In her new role as a Project Manager, she will support the development team to execute development projects, capital improvements, and value‐add expansions across GCP’s investment portfolio and will serve as the team leader for the group supporting the asset management, portfolio management, development, and due diligence teams. Ms. Hillenmeyer holds a Bachelor of Arts in Economics and Political Science from the University of Illinois at Urbana‐Champaign.

Ms. Slemp joined GCP in October 2012 as an Executive Assistant, supporting the asset management and capital teams. As a Project Manager on the firm’s due diligence team, Ms. Slemp will oversee acquisitions onboarding, manage third‐party consultants, and coordinate the due diligence process. Ms. Slemp holds a Bachelor of Arts in Psychology from Lewis University.

Ms. Degnan joined GCP in May 2019 as the firm’s Office Manager and Accounting Administrative Assistant. As an Executive Assistant, Ms. Degnan will handle all administrative responsibilities for the asset management, portfolio management, development, and due diligence teams. She holds a Bachelor of Science in Journalism and Communications from Bradley University.

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

Chicago, Illinois (June 18, 2020) – Green Courte Partners, LLC (“GCP”) announced today the promotions of Braden L. Rudolph to Chief Operating Officer, Chuck A. Crook to Managing Director, and Paul S. Kim to Chief Financial Officer of GCP’s senior living and land‐lease community operating companies.

Mr. Rudolph joined GCP in June 2011 as a Senior Associate focused on acquisitions and asset management. He was promoted to Vice President in 2013 and to Managing Director in 2016. As a Managing Director, Mr. Rudolph has been primarily responsible for overseeing portfolio management and due diligence for the firm’s investments. As Chief Operating Officer, he will continue to manage the firm’s portfolio management and due diligence functions, with increased oversight of GCP’s development, asset management, and reporting teams. Mr. Rudolph joined GCP’s management committee in October 2019 and, as Chief Operating Officer, will continue to play an important role in shaping the firm’s direction.

Prior to joining GCP, Mr. Rudolph was an Associate at Reunion Office Holdings, where he analyzed potential acquisitions and supported capital raising. Earlier, Mr. Rudolph was a consultant at ZS Associates, specializing in quantitative marketing research, sales force design, and personnel placement. Mr. Rudolph holds a Bachelor of Science in Biomedical Engineering from the University of Wisconsin‐Madison and a Master of Business Administration from Northwestern University’s J.L. Kellogg Graduate School of Management.

Mr. Crook joined GCP’s original land‐lease community platform, American Land Lease, Inc. (“ALL”), in July 2013 as Senior Vice President of Operations. In that role, Mr. Crook oversaw operations for the company’s entire land‐lease community portfolio, which grew to 59 properties and approximately 20,000 home sites prior to its sale/merger in late 2014. Following the sale/merger, Mr. Crook continued working in the land‐lease community industryand rejoined GCP in August 2017 as the Chief Operating Officer of Windward Communities, the firm’s new land‐lease community platform. As a Managing Director, Mr. Crook will continue in his role as Chief Operating Officer of Windward Communities with responsibility for all aspects of the rapidly growing operating platform, which today consists of 15 communities with over 5,600 home sites.

Mr. Crook has spent the bulk of his career in the land‐lease community sector, bringing over 30 years of experience. Prior to joining GCP and ALL, Mr. Crook worked for several community owners and operators, including Equity Lifestyle Properties, Inc. and American Residential Communities. Mr. Crook holds a Bachelor of Science in Mechanical Engineering from the University of Tennessee and a Master of Business Administration from the University of Houston.

Mr. Kim joined GCP in July 2011 as a Senior Accountant. He was promoted to Assistant Portfolio Controller in 2014, to Fund Controller in 2016, and to Vice President and Portfolio Controller in 2017. As Portfolio Controller, Mr. Kim provided fund‐level financial reporting and forecasting and held primary responsibility for the reporting of True Connection Communities and Windward Communities, the firm’s senior living and land‐lease community operating companies. In his new role as Chief Financial Officer of True Connection Communities and Windward Communities, Mr. Kim will also oversee the operating companies’ accounting teams, which are located primarily in Clearwater, Florida.

Prior to joining GCP, Mr. Kim was an audit associate with Blackman Kallick LLP, now Plante Moran LLP, where he audited companies in a wide range of industries, including insurance, manufacturing, and distribution. Mr. Kim has both a Bachelor of Science in Accounting and a Master of Science in Accounting from the University of Illinois at Chicago. Mr. Kim is a Certified Public Accountant, a Chartered Global Management Accountant, and a member of the American Institute of Certified Public Accountants.

Considering these promotions, David B. Lentz, GCP’s Chief Executive Officer, commented, “As we continue executing our strategy of building world‐class, fully‐integrated businesses within our targeted niche real estate sectors, these promotions demonstrate the breadth and depth of talent and experience we have assembled at the firm and help us firmly position ourselves for the next phases of growth.”

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

Chicago, Illinois (May 12, 2020) – Green Courte Partners, LLC (“GCP”) announced today that its fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates, acquired a portfolio of four all-age land-lease communities located in the greater Rochester, New York, area. These four communities add a total of 1,213 sites to GCP’s land-lease portfolio, bringing the total number of properties to fifteen with over 5,600 sites in five states.

GCP plans to invest capital in new home inventory, amenities, and aesthetic and infrastructure improvements. GCP will also implement value-add initiatives such as employing a rental home and sales operation led by its in-house, national land-lease community management platform.

Jordan Kerger, Managing Director of GCP’s land-lease community investments, said, “We will continue the prior owner’s mission of offering a compelling value proposition for working families. We also plan to invest significant capital to improve the communities. We are excited about the scale this acquisition provides for our rapidly growing land-lease portfolio, and we continue to seek opportunities to acquire communities nationwide.”

Joel Harper, one of the sellers of the portfolio, said, “Due to the multi-generational ownership of these communities, this was a complex transaction and GCP was uniquely positioned to accommodate our needs. Additionally, GCP’s reputation in the industry as a first-class owner-operator provided us with the conviction that they were the right fit for our employees and residents.”

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