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.

In 2004, Green Courte made its first investment in a land-lease community with the purchase of Sky Harbor, a 638-site community located in Buffalo, New York. Over the following ten years, Green Courte created one of the nation’s largest and highest quality land-lease community portfolios, which ultimately included over 19,000 home sites located in 59 communities across 11 states.  In late 2014 and early 2015, Green Courte monetized American Land Lease via a $1.3 billion merger/sale transaction with Sun Communities, Inc. Following the expiration of a non-compete agreement resulting from the transaction with Sun, Green Courte recently re-entered the land-lease community sector and is actively pursuing new land-lease community investments.

Green Courte acquired The Parking Spot, the dominant near-airport parking owner/operator in the United States, in December 2011.  Today, The Parking Spot operates over 68,000 parking spaces at 39 locations serving 21 major airports.  The Parking Spot is more than twice the size of its next largest competitor and is developing new technology intended to improve customer satisfaction and portfolio operating performance.

In 2015, Green Courte began investing in “no-acuity” senior housing, with a principal focus on housing for active adults, including age-restricted apartments and independent living facilities.  Green Courte presently owns five independent living properties containing 764 units located in three states, Michigan, Pennsylvania and Virginia.

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based real estate private equity investment firm focused on building industry-leading companies within niche real estate sectors, including near-airport parking facilities, active adult/independent living senior housing properties and land-lease communities.  The firm combines focused investment strategies with a disciplined approach to transaction execution, operations and asset management. Green Courte's goal is to invest in high-quality real estate assets that will generate attractive risk-adjusted returns over a long-term holding period.  For additional information, please visit Green Courte’s website at

For media inquiries, please contact Marnie Helfand at (312) 966-4747 or