Green Courte Partners Hires Chief Executive Officer for its New Senior Living Platform

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.

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Green Courte Partners Hires New President and Chief Executive Officer of The Parking Spot

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.

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Green Courte Partners Expands its Land-Lease Community Portfolio with New Venture

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.

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The Parking Spot expands near Dallas Love Field Airport

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.

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Green Courte Partners Promotes Bill Glascott to Chief Investment Officer

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.

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Green Courte Partners Acquires Land-Lease Community

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.

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Green Courte Partners Acquires Land-Lease Community

Chicago, Illinois, April 25, 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 Pueblo Del Sol, a 453-site all-age land-lease community located in Las Vegas, Nevada. The community will be managed by an affiliate of the fund, which plans to undertake an extensive renovation of the community’s amenities and introduce significant home inventory and robust home sales and rental programs.

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Green Courte Partners Announces Staff Promotions

Chicago, Illinois, March 21, 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 the promotions of Amy A. Bjork and Jon S. Pollan to Vice President and Amber N. Mullenix to Senior Associate.    

Ms. Bjork joined Green Courte in July 2003. After leaving temporarily in 2014, she rejoined the firm in August 2017. Ms. Bjork has served in numerous roles during her time with Green Courte, most recently as Financial Applications Manager. As Vice President, Ms. Bjork will provide project management oversight and support to the accounting, asset management, and property operations teams for various financial software packages. 

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Green Courte Partners Announces Senior Management Promotions

Chicago, Illinois, March 20, 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 the promotions of David B. Lentz to Chief Executive Officer, Steven S. Gearhart to Chief Operating Officer, and William Glascott to Deputy Chief Investment Officer. In conjunction with these promotions, Mr. Gearhart and Mr. Glascott have joined Green Courte’s Management Committee.

Considering these promotions, Randall K. Rowe, Green Courte’s Chairman, commented, “As we continue executing our strategy of building world-class, fully-integrated businesses within the real estate sectors we are currently targeting, which include near-airport parking, active adult/independent senior living properties, and land-lease communities, these promotions demonstrate the breadth and depth of talent and experience we have assembled at the firm.”

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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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