Green Courte Partners Celebrates its 15th Anniversary

Chicago, Illinois, June 30, 2017 – Green Courte Partners, LLC, a private equity real estate investment firm founded by Randall K. Rowe to invest in niche real estate, is celebrating its 15th anniversary this month.  Over its first fifteen years, the firm built two industry-leading niche real estate portfolios and operating platforms: (1) American Land Lease, Inc., a land-lease community business, and (2) The Parking Spot, a near-airport parking company.  During this period, Green Courte raised over $1.3 billion of equity, generating strong-risk adjusted returns for its investors over a long-term investment horizon.

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Green Courte Partners Announces Promotions

Chicago, Illinois, June 30, 2017 – Green Courte Partners, LLC is pleased to announce the recent promotions of Timothy J. Jurczak to Vice President, Paul S. Kim to Vice President/Portfolio Controller and William J. Siroky to Senior Associate.

Timothy J. Jurczak joined Green Courte in June 2011 as an Associate, and was promoted to Senior Associate in March 2014. During his time with Green Courte, Mr. Jurczak has made significant contributions to the firm’s acquisitions team within the land-lease community, near-airport parking and senior housing strategies, sourcing and underwriting a variety of investment opportunities for the firm. In his new role, Mr. Jurczak will help lead Green Courte’s re-entrance into the land-lease community sector following the merger/sale transaction of its American Land Lease, Inc. portfolio with Sun Communities, Inc. in late 2014/early 2015.

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Green Courte Partners Continues Near-Airport Parking Portfolio Expansion

Chicago, Illinois, April 12, 2017 – Green Courte Partners, LLC (“Green Courte”) announced today the addition of two new near-airport parking facilities to its expanding portfolio.  With these additions, Green Courte’s near-airport parking platform, The Parking Spot (“TPS”), now includes 39 near-airport parking properties containing over 68,000 parking spaces and serving 21 major U.S. airports.  The new facilities will be operated by TPS, a wholly-owned subsidiary of Green Courte’s third investment fund and the nation’s largest owner and operator of near-airport parking properties.   

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Green Courte Partners Closes its Fourth Fund

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. 

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Green Courte Partners Acquires Portfolio of Independent Living Communities

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.  

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Green Courte Partners Acquires Two Independent Living Communities

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.

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The Parking Spot Expands into Four New Locations in 2015

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.

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Green Courte Partners Announces Promotions

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. 

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Green Courte Partners Names Mark K. Engel Managing Director and Chief Financial Officer

Lake Forest, Illinois, July 17, 2015 — 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 Mark Engel will join the firm on August 17th as Managing Director and Chief Financial Officer. Mr. Engel will oversee the accounting and financial/operational reporting functions for the firm’s investment funds and portfolio companies and will replace Jane Mody, who, after a 90-day transition period, will be assuming a newly-created role focused on optimizing the firm’s portfolio company operations after serving as the firm’s Chief Financial Officer since March 2011. 

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Green Courte Partners Announces Promotions

Lake Forest, Illinois, March 2, 2015 – Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, today announced the appointments of David B. Lentz as Chief Operating Officer and Steven S. Gearhart as Chief Technology Officer. In addition, Mr. Lentz and Stephen F. Douglass, Managing Director, Asset Management, have been appointed to Green Courte’s Management Committee.  The firm also announced the promotions of James J. Jago to Vice President and Jon S. Pollan to Senior Associate.

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Sun Communities, Inc. to Acquire American Land Lease Manufactured Housing Portfolio from Green Courte Partners for $1.32 Billion

Southfield, MI, July 30, 2014 -  Sun Communities, Inc. (NYSE: SUI) (the “Company”) today announced that it has entered into an agreement to acquire a portfolio (the “ALL portfolio”) from Green Courte Partners, LLC (“GCP”) sponsored funds. The ALL portfolio consists of 59 manufactured home communities, including those acquired from American Land Lease, Inc. by GCP in 2009. The communities comprise over 19,000 sites in eleven states, including nearly 11,000 sites located in Florida. Over 14,000 sites, or 73%, of the ALL portfolio are age-restricted. In connection with this transaction, the Company will assume GCP’s right to acquire an additional manufactured home community pursuant to a binding purchase agreement.

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Green Parking Council Announces Addition of Green Courte Partners as Latest Platinum Partner and the Appointment of Susan A. Rowe to the Board of Directors

New Haven, CT – The Green Parking Council (GPC) is honored to announce that Green Courte Partners, LLC, has joined as the council’s latest platinum partner. Green Courte currently owns, manages and develops near-airport and CBD parking assets throughout the United States. One of Green Courte’s portfolio companies, The Parking Spot, is a leading hospitality focused near-airport parking company and founding partner of GPC. Susan A. Rowe, Vice President, Sustainability at Green Courte Partners, will represent the company and will be joining the Board of Directors of GPC.

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Green Courte Partners Acquires Age-Restricted Land-Lease Community in Florida

Lake Forest, Illinois, August 22, 2013 – 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 acquisition of Lamplighter Manufactured Home Community, an age-restricted land-lease community, containing 260 home sites, located in Port Orange, Florida.

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Green Courte Partners Names Cheri M. Scully Vice President

Lake Forest, Illinois, August 5, 2013 – 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 promotion of Cheri M. Scully to Vice President.

Cheri has worked with Green Courte on a contract basis since 2008 and joined Green Courte in January 2011 as an Associate. As a Vice President, Cheri will continue her leadership role in Steamboat Springs, Colorado overseeing asset management, including condominium sales and marketing, retail sales and leasing, and property management.

Prior to joining Green Courte, Cheri was a Partner at Partners by Design, an architectural design firm in Chicago, Illinois focused on corporate and commercial architecture, interiors and image design.

Green Courte Partners Acquires Two Land-Lease Communities in Maine

Lake Forest, Illinois, July 31, 2013 – 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 acquisition of two all-age land-lease communities located in southern coastal Maine. The communities contain 483 home sites and include Town & Country Village in Lisbon and Maplewood Manor/Merry Meeting in Brunswick.

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Green Courte Partners Names Ryan M. Bowie Managing Director

Lake Forest, Illinois, July 11, 2013 – 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 Ryan Bowie has joined the firm as Managing Director, with responsibility for leading Green Courte's investor relations, fundraising and portfolio management activities.
 

Mr. Bowie joins Green Courte after spending thirteen years in senior roles within a number of public and private real estate companies including Hyatt Hotels Corporation (NYSE: H), Strategic Hotels & Resorts (NYSE: BEE),  LaSalle Investment Management and Bowie Capital Advisors.  
 

While at Hyatt Hotels Corporation, Mr. Bowie served as Head of Structured Finance where he was focused on corporate development, capital markets and capital deployment for the global hotel owner and manager. At Strategic Hotels & Resorts, a public REIT, he served in various roles including Vice President, Capital Markets & Corporate Finance, Corporate Treasurer and head of Investor Relations. During his career, Mr. Bowie has completed over $7 billion in debt and equity transactions, including the initial public offering of Strategic Hotels & Resorts in 2004.
 

Commenting on Mr. Bowie’s appointment, Randy Rowe, Green Courte’s Chairman, said, “We are very excited to have Ryan join us as a Managing Director and look forward to his many contributions.”
 

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, our strategies include building fully-integrated companies investing in land-lease/manufactured housing communities and parking 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.

 

For media inquiries, please contact Marnie Helfand at (847) 235-8658 or MarnieHelfand@GreenCourtePartners.com

The Parking Spot: Coming or Going -- Always Over the Top

It was going to be one of those sensational trips – Sicily, Venice and Rome. We would leave the early spring cold weather of New York City for the more temperate conditions of Italy.

And once again the place to leave our automobile was going to be The Parking Spot, of course. Why change to anything else when this fabulous parking operation has served us so well in different locations quite a few times.

The crush and panic of airport parking, the wandering around to get a spot to leave the car, the expense, the hassle of loading and unloading luggage - -all  belonged to another and older way of life - - and not a good one.

We were going to leave our vehicle for two weeks plus. No problem. We had made our on-line reservation and showed up and were immediately taken care of.  Bags (and there were quite a few) were unloaded from our SUV. They were stowed in The Parking Spot bus and off we went. Alitalia Airlines which proved not to be the class operation their ads claim it is was our way across the pond to Rome. And the Parking Spot driver pulled up close to the terminal and unloaded our luggage.

Two plus weeks later we landed at JFK and called The Parking Spot – we were ready for the pickup. Incredibly, after a wait of less than five minutes, we had our pickup. Baggage was stowed and secured and back to the Parking Spot we went.

Our SUV was waiting. Our luggage was efficiently placed inside. And off we went, smiling. Oh, if all life experiences could be as efficient, as streamlined, as user friendly.

Think about it the next time you fly.