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Chicago, Illinois (December 20, 2016) – Green Courte Partners, LLC (“Green Courte”), a private equity investment firm targeting niche real estate sectors, announced today the closing of its fourth investment fund, Green Courte Real Estate Partners IV, LLC (“GCREP IV”). This $503.2 million equity fund will employ institutional levels of leverage to invest in up to $1.5 billion of niche real estate assets.  With the new fund, Green Courte will continue to extend the reach of The Parking Spot, the nation’s largest portfolio of near-airport parking facilities, and will expand Green Courte’s specialty housing business, which includes active adult and independent living senior housing properties as well as land-lease communities.

Regarding GCREP IV, Randy Rowe, Green Courte’s Chairman, commented, “We are pleased to complete our fundraising efforts for GCREP IV and appreciate the confidence both existing and new investors have shown in our ability to deliver attractive risk-adjusted returns.  We look forward to continuing our successful strategy of building niche real estate businesses.”

Chicago, Illinois (November 3, 2016) – 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”), has acquired a portfolio of three independent living facilities located in suburban Detroit, Michigan.  GCP is building a portfolio of high-quality age-restricted apartments and independent living communities serving the growing population of 55+ adults seeking an active lifestyle in an attractive setting.  These assets bring GCP’s total senior housing portfolio to 764 units nationwide.

The acquisition, completed on October 31, 2016, includes:

Pine Ridge of Garfield – 117-unit independent living community built in 2006 and located in Clinton Township.

Pine Ridge of Plumbrook – 118-unit independent living community built in 2004 and located in Sterling Heights.

Pine Ridge Villas of Shelby – 136-unit independent living community built in 1987 (renovated in 2006) and located in Shelby Township.

GCP has retained the current third-party manager, an affiliate of Spectrum Retirement Communities, LLC, to manage the properties.

Matt Pyzyk, Managing Director of Acquisitions for GCP, originated these transactions and is leading the Company’s effort to acquire high-quality age-restricted apartments and independent living communities in desirable markets throughout the United States.

Commenting on the transaction, Mr. Pyzyk stated, “We are very excited about the completion of this acquisition, which marks a significant step forward in the expansion of our rapidly growing senior housing portfolio. These assets provide a solid complement to the existing portfolio and we expect them to continue to be strong performers for many years.”

Chicago, Illinois (July 14, 2016) – Green Courte Partners, LLC announced today that its fourth fund, Green Courte Real Estate Partners IV, LLC and its affiliates (“GCP” or the “Company”) has acquired its first two senior housing communities.  GCP is actively building a portfolio of age-restricted apartments and independent living communities to meet the growing needs of older Americans seeking an active lifestyle offered in an attractive yet affordable environment. 

The Company’s two acquisitions are: 

Verena at Virginia Center – In November 2015, GCP acquired a 118-unit, independent living community located in Glen Allen, Virginia (part of the Richmond MSA).  The community, which was constructed in 2009 and is presently 97% occupied, will be managed by Senior Lifestyle Corporation, one of the nation’s largest managers of housing for older Americans.

Arbour Square of Harleysville – In June 2016, GCP acquired a 275-unit, independent living community located in Harleysville, Pennsylvania (part of the Philadelphia MSA).  The community, which was built in two phases, completed in 2006 and 2014, and is presently 78% occupied, will be managed by Heritage Senior Living.

Matt Pyzyk, Managing Director of Acquisitions, originated these transactions for GCP and is leading the Company’s effort to acquire age-restricted apartments and independent living communities in attractive markets around the United States.

Commenting on the transactions, James R. Goldman, Vice Chairman and Chief Investment Officer of GCP, stated, “We are excited to leverage our experience owning and operating age-restricted land-lease communities into our first acquisitions in rental communities targeting older Americans.  We believe the principles that drove our success with land-lease communities are equally applicable in age-restricted housing.  We remain focused on providing value to our customers through an active, engaging residential experience offered in an attractive, safe and comfortable setting.”  Bill Glascott, Managing Director and head of acquisitions at GCP added, “We are building a pipeline of investment opportunities to create a unique portfolio of rental communities focused exclusively on older Americans. We hope to become a very successful and reliable buyer in the active adult and independent living asset classes as we scale our platform.” 

Chicago, Illinois (March 16, 2016) – The Parking Spot (“TPS” or the “Company”), the nation’s largest owner and operator of near-airport parking properties, announced today its 2015 additions. With these additions The Parking Spot now operates 37 near-airport properties, containing over 65,000 parking spaces, serving 21 U.S. airports.  The Parking Spot is owned by an investment fund sponsored by Green Courte Partners, LLC.

The Company’s 2015 transactions include the following:

Baltimore-Washington International Airport (“BWI”) – TPS commenced operation of a 1,502-space near-airport parking facility on February 1, 2015.  The property, located outside of the main entrance to BWI, represents the first TPS investment in the strategically important Baltimore-Washington MSA. 

George Bush Intercontinental Airport (“IAH”) – TPS added to its three existing operations at IAH with the acquisition of a 1,595-space facility on August 14, 2015. The acquisition will increase the scale of the adjacent TPS operation to a total of approximately 3,150 spaces, and includes excess land with capacity for over 1,600 additional spaces.

Lambert-St. Louis International Airport (“STL”) – TPS added its fourth location at STL with the acquisition of a 1,758-space garage and surface parking facility on August 20, 2015.  The property enhances the Company’s operating efficiencies in the market and allows TPS to better serve customers approaching the airport from the southeast. 

Philadelphia International Airport (“PHL”) – TPS took over operations at a second location at PHL on November 18, 2015.  The 1,350-space facility, which has capacity to expand to over 2,200 spaces, will undergo extensive improvements providing both covered and uncovered parking options.

Commenting on the transactions, Kevin Shrier, President and Chief Executive Officer of TPS, stated, “We are pleased to continue to grow our customer-focused near-airport parking business by expanding into new markets while strengthening our presence in existing markets.  Since Green Courte’s acquisition of The Parking Spot in 2011, our portfolio has doubled in size, solidifying our position as the premier owner and operator of near-airport parking in the U.S.  We are optimistic about opportunities for the continued growth of our portfolio.” 

Daniel Medve, the Vice President of the former ownership of the Company’s new St. Louis facility, added, “It was a pleasure working with Green Courte and The Parking Spot on the sale of Park Express.  Green Courte is a creative, flexible buyer that worked hard to meet the unique priorities we had set for the sale of our property.  The transaction went very smoothly and closed on time and per the agreed upon terms.”

Commenting on Green Courte’s investment goals, Jordan Kerger, Managing Director at Green Courte, stated, “We continue to aggressively pursue opportunities to grow The Parking Spot nationally through Green Courte-sponsored funds, which have sufficient capital to acquire over $1 billion of additional assets.  Our unique capital base enables us to employ creative transaction structures (e.g., tax deferral, joint venture, etc.) that meet the needs of a variety of sellers as well as our investors.”

About The Parking Spot
As the leading near-airport parking company in the nation, The Parking Spot provides full service parking at 37 parking facilities located at 21 major U.S. airports.  The Parking Spot provides an exceptional customer experience and offers continuous and friendly shuttle service, the ability to earn free parking with The Spot Club loyalty program, luggage assistance, complimentary newspaper and chilled bottled water.  For more information on The Parking Spot or a list of all locations, please visit the Company’s website at www.TheParkingSpot.com.

Chicago, Illinois (March 8, 2016) – 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 promotions of Jordan T. Kerger, Matthew J. Pyzyk and Braden L. Rudolph to Managing Director and the promotions of Janna L. Billips and David A. Hart to Vice President.  The firm also announced the promotions of Benjamin J. Bronson and David L. Dawson to Senior Associate and the promotion of Paul S. Kim to Fund Controller. 

Jordan T. Kerger joined Green Courte in March 2008 and has provided significant contributions to many facets of Green Courte’s acquisition activities, most recently leading Green Courte’s acquisition efforts for The Parking Spot, Green Courte’s near-airport parking platform.  As a Managing Director, Mr. Kerger will continue to oversee the growth of Green Courte’s near-airport parking portfolio, facilitating new acquisition and development opportunities. 

Prior to joining Green Courte, Mr. Kerger was at Principal Real Estate Investors, where he provided financial analysis for the acquisitions of a large pension fund.  Mr. Kerger holds a bachelor’s degree in finance from DePaul University. 

Matthew J. Pyzyk joined Green Courte in June 2012 and has provided valuable contributions to the firm’s acquisition of land-lease communities, parking assets, and most recently, senior housing properties.  Moving forward, Mr. Pyzyk will oversee the growth of Green Courte’s senior housing platform while continuing to provide support for Green Courte’s other active niche sectors. 

Prior to joining Green Courte, Mr. Pyzyk was with Prudential Mortgage Capital Company, where he worked in debt originations, portfolio management and credit underwriting. Mr. Pyzyk holds a bachelor’s degree in communications from Northwestern University as well as a Master of Business Administration from the University of Notre Dame. 

Braden L. Rudolph joined Green Courte in June 2011 and has played a key role in the firm’s asset management function.  Recently, he has focused on the asset management of The Parking Spot’s portfolio and will continue to oversee strategic initiatives and support the optimization of portfolio performance at The Parking Spot and other Green Courte investments. 

Prior to joining Green Courte, Mr. Rudolph was at Reunion Office Holdings where he was responsible for financial analysis of acquisitions and capital sourcing.  Mr. Rudolph holds a bachelor’s degree in biomedical engineering from the University of Wisconsin-Madison as well as a Master of Business Administration from Northwestern University’s J.L. Kellogg Graduate School of Management. 

Janna L. Billips joined Green Courte in April 2015 after working for Green Courte’s land-lease community portfolio company, American Land Lease, Inc., since March 2012.  As Vice President, Ms. Billips will play a key role in the firm’s financial accounting and reporting functions. 

David A. Hart joined Green Courte in January 2012 and has provided valuable contributions to Green Courte’s investor relations and fundraising efforts.  He has also participated in financing or refinancing the firm’s major acquisitions and managing the portfolio of loans on the firm’s assets. 

Benjamin J. Bronson joined Green Courte in May 2014.  He provides support and analysis for Green Courte’s acquisitions efforts in both the parking and specialty housing sectors. 

David L. Dawson joined Green Courte in August 2013 and is a member of the asset management team for The Parking Spot. In this role, he provides support and analysis for strategic initiatives for The Parking Spot’s portfolio.

Paul S. Kim joined Green Courte in July 2011.  Mr. Kim is responsible for day-to-day accounting operations, financial reporting and treasury management for Green Courte’s portfolios.  In the future, he will focus primarily on the accounting and reporting for Green Courte’s co-investment fund for The Parking Spot. 

Chicago, Illinois (March 8, 2016) – 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 promotions of Jordan T. Kerger, Matthew J. Pyzyk and Braden L. Rudolph to Managing Director and the promotions of Janna L. Billips and David A. Hart to Vice President.  The firm also announced the promotions of Benjamin J. Bronson and David L. Dawson to Senior Associate and the promotion of Paul S. Kim to Fund Controller. 

Jordan T. Kerger joined Green Courte in March 2008 and has provided significant contributions to many facets of Green Courte’s acquisition activities, most recently leading Green Courte’s acquisition efforts for The Parking Spot, Green Courte’s near-airport parking platform.  As a Managing Director, Mr. Kerger will continue to oversee the growth of Green Courte’s near-airport parking portfolio, facilitating new acquisition and development opportunities. 

Prior to joining Green Courte, Mr. Kerger was at Principal Real Estate Investors, where he provided financial analysis for the acquisitions of a large pension fund.  Mr. Kerger holds a bachelor’s degree in finance from DePaul University. 

Matthew J. Pyzyk joined Green Courte in June 2012 and has provided valuable contributions to the firm’s acquisition of land-lease communities, parking assets, and most recently, senior housing properties.  Moving forward, Mr. Pyzyk will oversee the growth of Green Courte’s senior housing platform while continuing to provide support for Green Courte’s other active niche sectors. 

Prior to joining Green Courte, Mr. Pyzyk was with Prudential Mortgage Capital Company, where he worked in debt originations, portfolio management and credit underwriting. Mr. Pyzyk holds a bachelor’s degree in communications from Northwestern University as well as a Master of Business Administration from the University of Notre Dame. 

Braden L. Rudolph joined Green Courte in June 2011 and has played a key role in the firm’s asset management function.  Recently, he has focused on the asset management of The Parking Spot’s portfolio and will continue to oversee strategic initiatives and support the optimization of portfolio performance at The Parking Spot and other Green Courte investments. 

Prior to joining Green Courte, Mr. Rudolph was at Reunion Office Holdings where he was responsible for financial analysis of acquisitions and capital sourcing.  Mr. Rudolph holds a bachelor’s degree in biomedical engineering from the University of Wisconsin-Madison as well as a Master of Business Administration from Northwestern University’s J.L. Kellogg Graduate School of Management. 

Janna L. Billips joined Green Courte in April 2015 after working for Green Courte’s land-lease community portfolio company, American Land Lease, Inc., since March 2012.  As Vice President, Ms. Billips will play a key role in the firm’s financial accounting and reporting functions. 

David A. Hart joined Green Courte in January 2012 and has provided valuable contributions to Green Courte’s investor relations and fundraising efforts.  He has also participated in financing or refinancing the firm’s major acquisitions and managing the portfolio of loans on the firm’s assets. 

Benjamin J. Bronson joined Green Courte in May 2014.  He provides support and analysis for Green Courte’s acquisitions efforts in both the parking and specialty housing sectors. 

David L. Dawson joined Green Courte in August 2013 and is a member of the asset management team for The Parking Spot. In this role, he provides support and analysis for strategic initiatives for The Parking Spot’s portfolio.

Paul S. Kim joined Green Courte in July 2011.  Mr. Kim is responsible for day-to-day accounting operations, financial reporting and treasury management for Green Courte’s portfolios.  In the future, he will focus primarily on the accounting and reporting for Green Courte’s co-investment fund for The Parking Spot. 

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm targeting niche real estate sectors. Currently, the firm’s strategies include building fully-integrated companies investing in parking garages and lots as well as specialty housing properties. The firm combines focused investment strategies with a disciplined approach to transaction execution and asset management. Green Courte’s goal is to invest in high-quality assets that will generate attractive risk-adjusted returns over a long-term holding period. For additional information, please visit www.GreenCourtePartners.com.