Lake Forest, Illinois (February 23, 2012) – Green Courte Partners, LLC (“Green Courte”) announced today that Bill Glascott has joined the firm as Managing Director, with responsibility for leading Green Courte’s manufactured housing community (“land-lease community”) acquisition activities.
Mr. Glascott joins Green Courte after spending the past twelve years with Hometown America, L.L.C. (“Hometown”), which Green Courte Partners Chairman Randy Rowe co-founded in 1997 while he was Chairman of Transwestern Investment Company. Mr. Glascott joined Randy at Hometown early in its evolution and gained valuable experience helping it grow into one of the nation’s largest private owners of land-lease communities. He was responsible for the acquisition of over $620 million of land-lease communities during his tenure at Hometown and was involved in some of the most notable portfolio transactions in the industry, including Hometown’s acquisition of Chateau Communities. Mr. Glascott has an extensive network of contacts within the manufactured housing community industry and has demonstrated success in sourcing and closing acquisitions.
Commenting on Mr. Glascott’s appointment, Mr. Rowe said, “I am extremely gratified to announce that we have added Bill to our existing efforts to acquire high-quality land-lease communities. I was Chairman when Bill joined Hometown in 2000 and I have watched Bill develop into one of the industry’s top investment professionals. We are confident that Bill’s talents will make a significant contribution to the firm’s success.”
About Green Courte Partners, LLC
Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm targeting niche real estate sectors, including land-lease communities and parking assets. Green Courte, directly and through its wholly-owned subsidiary, American Land Lease, Inc., owns approximately 18,200 land-lease home sites in 49 communities located in ten states. 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.