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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

Chicago, Illinois (February 18, 2020) – Green Courte Partners, LLC (“GCP”) announced today that its fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates, acquired its eleventh land-lease community, Highland Manor, a 382-site all-age community located in Independence, Missouri, approximately 13.5 miles east of Kansas City.

GCP plans to increase occupancy and stabilize the community by investing in new home inventory, amenities, and other capital improvements and by implementing a robust marketing and sales operation led by GCP’s in-house, national land-lease community management platform.

Bill Glascott, GCP’s Chief Investment Officer, said, “Highland Manor is the fourth land-lease community that we have acquired from this seller since 2005. We specialize in creating custom transaction structures tailored to meet sellers’ unique needs, and we are especially proud of the credibility we have established with our many longstanding relationships in this industry.”

Chuck Crook, Chief Operating Officer of GCP’s land-lease community operating company, added, “Highland Manor is well located in a growing market and offers an attractive housing option and a compelling value for working families. We are excited to expand our portfolio with a second land-lease community in the Kansas City market.”

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

Chicago, Illinois (February 10, 2020) — Green Courte Partners, LLC announced today that its fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates (“GCP” or the “Company”), acquired its eleventh senior living community, The Aspens at Mariposa Point, a 202-unit property located in Gilbert, Arizona.  GCP, with its wholly owned senior living operator, True Connection Communities (“TCC”), is continuing to build a high-quality portfolio of active adult and independent living communities to meet the growing needs of older Americans seeking an active lifestyle. The newly constructed community was acquired by GCP on January 30, 2020, after being delivered earlier that month. The acquisition will increase the GCP/TCC portfolio to over 1,800 units.

GCP will convert the community from its current active adult offering to a full-service independent living community. With the conversion, GCP will make a number of significant enhancements to the community, including expanding the dining area, modifying the existing kitchen, and adding a third-party-operated home health office. The conversion and enhancements will position the property to be one of the most attractive independent living communities in the Phoenix market.

Matt Pyzyk, Managing Director of Acquisitions at GCP, said, “The Aspens at Mariposa Point is a strong addition to our rapidly growing senior living portfolio and represents our entry into the Phoenix metropolitan market. We were pleased to have the opportunity to acquire this community in an off-market transaction due to our established relationship with the seller.”

Jim Pusateri, Chief Executive Officer of TCC and Managing Director at GCP, added, “We are excited to expand our unique model to the rapidly growing Phoenix market. This acquisition will be a perfect platform for us to continue leveraging technology and innovation to provide an exceptional customer experience throughout our senior living portfolio.”

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

Chicago, Illinois (January 7, 2020) — Green Courte Partners, LLC announced today that its fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates (“GCP” or the “Company”), acquired its tenth senior living community, The Aspens at Bedford Falls, a 182-unit property located in Raleigh, North Carolina.  GCP, with its wholly owned senior living operator, True Connection Communities (“TCC”), is continuing to build a high-quality portfolio of active adult apartments and independent living communities to meet the growing needs of older Americans seeking an active lifestyle. The Aspens at Bedford Falls, a newly constructed community delivered in August 2019 and acquired by GCP on December 11, 2019, is an important addition to the portfolio. TCC will manage the community.

Relying on its value-add expertise, GCP will convert the community from an active adult focus to a full-service independent living community. Post-conversion, the community will total 181 units, increasing the GCP/TCC portfolio to 1,608 units. With the conversion, GCP will make a number of significant enhancements including expanding the dining and kitchen areas and adding a billiards/game room, library/business center, and third-party-operated home health office. The conversion and enhancements will position the property to be one of the most attractive independent living communities in the Raleigh market.

Matt Pyzyk, Managing Director of Acquisitions at GCP, said, “We are very excited about the completion of this acquisition, which marks a significant step forward in the expansion of our rapidly growing senior living portfolio. Not only does this newly constructed property continue to diversify our portfolio, it also demonstrates our commitment to sourcing and executing deep value-add and conversion opportunities.”

Jim Pusateri, Chief Executive Officer of TCC and Managing Director at GCP, added, “This acquisition will be a perfect platform for us to continue leveraging technology and innovation to provide an exceptional customer experience throughout our senior living portfolio.”

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

Chicago, Illinois (November 22, 2019) – 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 the closing of its fifth investment fund, Green Courte Real Estate Partners V, LLC (“GCREP V”), with total capital commitments of $540.8 million. GCREP V will employ institutional levels of leverage to acquire up to $1.6 billion of niche real estate assets, growing GCP’s robust land-lease community portfolio, continuing to build True Connection Communities, GCP’s senior living platform, and completing GCP’s investment in The Parking Spot, the nation’s largest owner and operator of near-airport parking facilities. GCP may also identify additional niche real estate sectors in which it can capitalize on its expertise to generate attractive risk-adjusted returns for its investors.

Regarding the fundraise for GCREP V, David Lentz, GCP’s Chief Executive Officer, commented, “We are pleased with the positive response from our loyal investor base, which led GCREP V to be oversubscribed and fully committed by its first closing. We remain focused on expanding GCP’s investment in our three active operating platforms and creating alpha for our investors.”

Randy Rowe, GCP’s Chairman, added, “We appreciate the continued trust and support that our investors have shown in our ability to successfully execute our targeted investment strategy of building and monetizing fully integrated operating platforms within niche real estate sectors.”

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

Chicago, Illinois (July 17, 2019) – 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 acquisition of Roncari Valet Parking (Roncari) and Galaxy Self Park (Galaxy) serving Bradley International Airport (BDL). Roncari and Galaxy will be combined and rebranded as The Parking Spot, Green Courte’s near-airport parking platform, by the end of 2019.  With this new location, The Parking Spot portfolio expands to 39 facilities nationally at 23 airports.

The Parking Spot will continue to offer the high-quality customer service and valet and self-park options that Roncari and Galaxy are known for, while enhancing the customer experience through The Parking Spot’s loyalty program, customer app, and proprietary revenue control technology.

“We are pleased to expand our presence at BDL and to continue the world-class customer service that this community has known and come to expect over the last twenty-five years,” said Jordan Kerger, Managing Director at Green Courte Partners, LLC.  “We continue to look for opportunities to expand The Parking Spot’s presence in new and existing markets across the country.”

Deborah Roncari, co-owner of Roncari and Galaxy, said, “We are pleased to have negotiated a successful transaction with Green Courte. Green Courte, The Parking Spot, and our team worked tirelessly to conclude this transaction based on the terms to which we had originally agreed.”

For more information and to make parking reservations, visit The Parking Spot’s website.

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