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Chicago, Illinois (March 29, 2021) – 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 fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates (“GCP”), has acquired a partially completed 4.5-story, 159-apartment independent senior living community located in Hilliard, Ohio, a suburb of Columbus. The 20.3-acre site contains over 15 acres of developable land and over five acres that will be permanently preserved as green space. GCP will complete the development of the residential building, undertake the ground-up construction of a 9,000-square foot clubhouse that will provide residents with a centralized dining room and bistro, and reconfigure existing square footage into dedicated programming space with a theater, fitness center, craft/activities room, home healthcare office, salon, and more. GCP plans to begin development of single-story senior cottages on the property’s excess developable land following completion of the residential building and clubhouse. The full-service independent senior living community will be branded Verena at Hilliard.

GCP’s wholly owned senior living operator, True Connection Communities, will manage the community as part of its high-quality portfolio of active adult and independent senior living communities designed to meet the growing needs of Americans 55 and older who are seeking an active and engaged lifestyle. The acquisition—the thirteenth overall in the GCP senior living portfolio and the company’s first senior living project in Ohio—will increase the GCP portfolio to over 2,125 apartments.

Matt Pyzyk, Managing Director of Acquisitions at GCP, said, “Verena at Hilliard is a strong addition to our rapidly growing senior living portfolio. This was a unique opportunity to acquire and complete the development of this project at an attractive investment basis and in a submarket with particularly compelling demographics. The community’s proximity to desirable amenities, its direct, indoor connection to the adjacent branch of the Columbus Metropolitan Library, and its excess green space will create an exceptional campus for our future residents to enjoy.”

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

Chicago, Illinois (January 21, 2021) – Green Courte Partners, LLC, a private equity real estate investment firm and owner of The Parking Spot (“TPS”), the nation’s leading near-airport parking company, announced today the acquisition of a 1,580-space parking facility serving Baltimore/Washington International Thurgood Marshall Airport (“BWI”). The property, which is currently operated as Econopark Express, will be rebranded as The Parking Spot West and will serve as TPS’s second facility at BWI.  The Parking Spot West will enhance TPS’s operating efficiencies in the market and its location will allow TPS to better serve customers arriving from the Washington, D.C., metropolitan area. With this acquisition, Green Courte’s near-airport parking portfolio expands to 39 facilities at 22 airports containing more than 78,000 spaces nationwide.

Jordan Kerger, Managing Director at Green Courte, stated, “We are pleased to expand our presence at BWI with a property that complements our existing location in the market. Our deep industry experience and our ability to execute quickly allowed us to customize the transaction to meet the specific financial and structuring needs of the seller.”

Francis Gardiner, Green Courte’s counterparty in the transaction, added, “Green Courte approached us directly regarding a transaction, and they delivered on the terms and timing we agreed to despite the challenging economic and operating circumstances.”

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

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