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Chicago, Illinois (December 11, 2018) – 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 Jim Pusateri as the first Chief Executive Officer of True Connection Communities, its new senior living operating platform. Mr. Pusateri will also join Green Courte as a Managing Director. Through its fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates, Green Courte has assembled a portfolio of nine senior living properties located in four states and containing over 1,400 units and is actively seeking additional active adult/independent senior living investment opportunities to add to its growing portfolio.

Mr. Pusateri has over 25 years of experience in the senior living industry and was heavily involved in the early-stage growth of several significant senior living platforms, including those of Brookdale and Horizon Bay. Throughout his career, he has held various senior management positions in the industry with responsibility for oversight of sales and marketing, operations, hospitality, development, and human resources. He most recently served as the Co-Chief Operating Officer of Senior Lifestyle Corporation, an owner, operator, and developer of senior living communities with a portfolio of more than 180 properties. Previously, he was a Senior Vice President of Sales at Brookdale, where he was responsible for strategic oversight of the sales teams at over 1,000 communities and developed large-scale sales and training programs for the company.

Commenting on his new role, Mr. Pusateri noted, “I’m excited to join the Green Courte team and take on the leadership of True Connection Communities, and I look forward to working together to create a new standard for active, lifestyle-focused senior living.”

David Lentz, Green Courte’s Chief Executive Officer and Chairman of True Connection Communities, stated, “We’re thrilled to welcome Jim to the Green Courte team and look forward to leveraging his deep industry experience, unique vision and passionate, committed leadership as we continue to expand our True Connection Communities platform.”

Green Courte’s Chairman, Randy Rowe, added, “We’re pleased that Jim shares our vision for a new approach to active senior living that offers a truly compelling array of lifestyle options and a consistently exceptional customer experience.”

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

Chicago, Illinois (November 13, 2018) – 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 Jeff Foland as the new President and Chief Executive Officer of The Parking Spot. Mr. Foland will also join Green Courte as a Managing Director. The Parking Spot, which is owned by a subsidiary of Green Courte’s third investment fund and manages assets owned by affiliates of Green Courte’s third and fourth investment funds, is the nation’s largest owner and operator of near-airport parking facilities.

Mr. Foland is an accomplished leader with deep experience in the travel industry, having served in various senior roles at United Airlines, Inc., including Chief Marketing and Strategy Officer, Executive Vice President of Marketing, Technology and Strategy, Executive Vice President of Loyalty, and Senior Vice President of Worldwide Marketing, Sales and Distribution, and more recently at Hertz Global Holdings, Inc. as Executive Vice President and Chief Revenue Officer. Prior to his tenure with United and Hertz, Mr. Foland was a Principal at ZS Associates, a management consulting firm. He is a board member of Lasalle Hotel Properties, a publicly traded REIT that owns and operates hotels.

As the Chief Executive Officer of The Parking Spot, Mr. Foland will oversee all aspects of the company, including strategic planning, revenue management, sales and marketing, and customer loyalty and experience, as well as the day-to-day operations of 39 properties located at 22 major airports.

Commenting on his new role, Mr. Foland noted, “I am honored to be joining such a great business and team.  The Parking Spot has an exceptional history of growth and hospitality, and I look forward to building on that foundation as we drive toward our full potential.”

David Lentz, Green Courte’s Chief Executive Officer and Chairman of The Parking Spot, stated, “We are thrilled that Jeff will be applying his exceptional track record and deep experience in travel and hospitality to our best-in-class near-airport parking business. He is uniquely qualified to lead The Parking Spot as we continue to implement innovative approaches to revenue management and enhance the exceptional customer experience that is essential to our hospitality-focused brand.”

Randy Rowe, Green Courte’s Chairman, added, “We are excited to have Jeff on board not just at The Parking Spot, but also as a key partner at Green Courte. With his broad background driving revenue growth and leveraging technology to create new revenue streams and improve the customer experience, we look forward to his contributions both as the leader of our largest operating platform and across our broader portfolio of businesses.”

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

Chicago, Illinois (October 23, 2018) – Green Courte Partners, LLC announced today that its fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates (“GCREP IV”), acquired a portfolio of eight high-quality, all-age land-lease communities located in Michigan and containing 2,906 sites. Concurrent with the acquisition, GCREP IV formed a new venture with the portfolio’s seller to own and operate the fund’s land-lease community investments, which includes ownership of the seller’s operating company. GCREP IV’s portfolio of land-lease communities now consists of ten properties with over 4,000 sites in three states.

Bill Glascott, Green Courte’s Chief Investment Officer, commented, “This acquisition represents a significant step forward in the evolution of our land-lease community portfolio. In addition to acquiring some of the highest quality assets in Michigan, we will be able to leverage the operating capabilities and sales and marketing machine our partner has established over the past 25 years in the industry. We continue to actively pursue opportunities to deploy capital from GCREP IV into manufactured housing assets as we build out a national land-lease community operating platform.”

The seller, Kenny Lipschutz, added, “I am very pleased to have been able to execute this transaction and partner with Green Courte given their outstanding track record in the industry. They took the time to understand our unique needs and financial goals and structured a transaction that resulted in an optimal outcome for our investors, our staff and my family. Our entire team has been blessed with the opportunity to become a part of the Green Courte family.”

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

The company takes over operation of Best Parking and merges it with The Parking Spot 1

Chicago, Illinois (October 2, 2018) – The Parking Spot, the nation’s largest owner and operator of near-airport parking facilities, announced today the expansion of The Parking Spot 1 at Dallas Love Field Airport.  The Parking Spot 1, located at 6900 Cedar Springs Road, added 632 covered parking spaces by taking over operation of the adjacent facility, formerly known as Best Parking.  The expanded facility will now contain over 2,700 covered parking spaces.

“We are pleased to expand our presence at Dallas Love Field Airport,” said Jordan Kerger, Managing Director at Green Courte Partners, LLC, which owns The Parking Spot through its private equity funds.  “We are constantly evaluating opportunities to expand The Parking Spot’s portfolio in both new and existing markets.”

The Parking Spot is eager to introduce Best Parking’s customers to The Parking Spot’s world-class customer service and parking amenities.  These amenities include continuous shuttle service to and from Dallas Love Field Airport, the Spot Club loyalty program, and The Parking Spot’s free mobile app, which allows users to manage their entire airport parking experience from a mobile device.

For more information on The Parking Spot, its amenities, and its service at Dallas Love Field Airport, please visit www.theparkingspot.com.

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

Chicago, Illinois (October 1, 2018) – Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced the promotion of Bill Glascott to Chief Investment Officer. In this position, Mr. Glascott, who is already on the firm’s management committee, will assume an expanded role related to strategic planning and investment activities while continuing to oversee all acquisitions efforts.

Mr. Glascott joined Green Courte in February 2012 as a Managing Director focused on land-lease community acquisitions. In January 2015, Mr. Glascott was promoted to Head of Acquisitions and subsequently to Deputy Chief Investment Officer in March 2018. Prior to joining Green Courte, Mr. Glascott was a Vice President of Acquisitions at Hometown America, L.L.C., one of the nation’s largest owner/operators of land-lease communities.  Mr. Glascott has a Bachelor of Science in Economics from the Wharton School of Business at the University of Pennsylvania and holds the Chartered Financial Analyst designation.

Randy Rowe, Chairman of Green Courte, stated, “I am pleased to elevate Bill into the role of Chief Investment Officer. I’ve known and worked with him over the course of the last eighteen years, and since joining us at GCP, Bill has been a major driver of our acquisitions and growth. In this expanded role, I am confident he will provide thoughtful and diligent leadership to our investment activities.”

David Lentz, Green Courte’s Chief Executive Officer, added, “I’ve known Bill for fifteen years and was excited when he joined our team in 2012. In addition to leading our acquisitions activities, Bill has made significant contributions to our senior leadership team and will be a key contributor to our future vision and execution.”

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

Chicago, Illinois (May 22, 2018) – 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, has acquired Conestoga, a 659-site all-age land-lease community located in Gardner, Kansas. The community will be managed by an affiliate of the fund, which plans to substantially upgrade the existing amenity package, address deferred maintenance, and invest significant capital in new home inventory to sell and to rent.

Conestoga is located approximately 26 miles southwest of Kansas City and 5 miles northeast of a 1,700-acre master-planned distribution and warehouse development with capacity for 17 million square feet of industrial and distribution space. The park is a major employment center that is occupied by several Fortune 500 companies and will continue to generate a sizable number of new jobs.

Bill Glascott, Green Courte’s Deputy Chief Investment Officer, commented, “We are excited to expand our land-lease community portfolio with the acquisition of Conestoga. The community is well located in a growing market near a number of significant demand generators and offers a compelling value proposition for working families. We are eager to invest in a number of capital projects to further improve and reposition the community.”

Chuck Crook, the Chief Operating Officer of Green Courte’s land-lease community platform, said, “Conestoga is well-designed with strong market fundamentals, supporting the long-term potential of the community. By bringing in new homes, repairing older sections of the community, and enhancing the amenity package, we will be able to provide a superior lifestyle for our residents.”

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