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

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