Randy Kotler Joins American Land Lease as Chief Financial Officer

Clearwater, Florida, December 1, 2010 – American Land Lease, Inc. (“ALL”) today announced the appointment of Randy L. Kotler as Executive Vice President and Chief Financial Officer. Mr. Kotler joins ALL from Avatar Holdings, Inc., a Coral Gables, Florida-based publicly-traded real estate company focused on residential development and construction including significant activity in the active adult space, where he was Executive Vice President and Chief Financial Officer. ALL is owned by affiliates of Green Courte Partners, LLC (“GCP”), a Chicago-based private equity real estate investment firm, which Mr. Kotler will also join as a Managing Director.

Commenting on Mr. Kotler’s appointment, David Lentz, President and Chief Executive Officer of ALL and a Managing Director of GCP, said, “Randy brings a breadth and depth of leadership and real estate experience that will add significantly to our financial management, reporting and accounting strength as we prepare for our anticipated future growth. I also expect him to make considerable broader contributions to our company’s senior leadership team.” Shannon Smith has been serving ALL in the dual role of Chief Financial Officer and Chief Operating Officer since early 2009. It has been the company’s ongoing plan to hire a dedicated Chief Financial Officer. Mr. Kotler’s appointment is the culmination of that process.

About American Land Lease, Inc.

American Land Lease, Inc. is a Clearwater, Florida-based real estate investment trust that owns and manages high quality residential land-lease communities for active adults and families. The company operates approximately 16,200 land-lease home sites in 42 communities located in ten states and owned directly or by affiliated entities. For additional information, please visit www.AmericanLandLease.com.

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, parking assets, and “Main Street” retail/mixed-use properties in high barrier locations. Green Courte, directly and through its wholly-owned subsidiary, American Land Lease, Inc., owns approximately 16,200 land-lease home sites in 42 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.