Lake Forest, Illinois (April 24, 2006) – Green Courte Partners, LLC, a private real estate investment firm targeting niche sectors, announced today the appointment of Stephen A. Wheeler as Managing Director, Asset Management. With the continued growth in the size and geographic span of the Green Courte portfolio, Mr. Wheeler will be responsible for optimizing the operating performance of the portfolio as well as implementing strategies to add value. Mr. Wheeler was most recently President of Real Asset Capital, LLC, where he was responsible for the acquisition, development, financing and operation of a portfolio of mixed-use and multifamily residential properties.
Commenting on the new addition to the team, Randy Rowe, Chairman of Green Courte Partners, LLC, stated, “Stephen’s background fits very well with this new role. He has over 20 years of real estate experience, with a deep understanding of residential property issues, which will be especially useful in overseeing our manufactured housing community assets. In addition, Stephen comes equipped with extensive knowledge of real estate development and finance. We are excited and fortunate to have him join us.”
Green Courte Partners, LLC is a Chicago-based private equity investment firm targeting investments in niche real estate sectors, including parking, manufactured housing communities, and infill retail assets in high-barrier locations, through transaction structures customized to achieve seller objectives. The company’s goal is to invest in high quality assets that will generate attractive risk-adjusted returns over a longer-term holding period.