Green Courte Partners Names Sirina R. Jimenez and Antonia A. Anagnostopoulos Vice President and Jordan T. Kerger Senior Associate

Lake Forest, Illinois, December 21, 2010 – Green Courte Partners, LLC (“Green Courte”), a private equity investment firm targeting niche real estate sectors, announced today the promotion of Sirina R. Jimenez and Antonia A. Anagnostopoulos to Vice President and Jordan T. Kerger to Senior Associate. 

Since joining Green Courte in July 2006, Ms. Jimenez has made significant contributions to the firm’s land-lease community portfolio where she has helped to optimize the operating performance of the portfolio and implement value-add strategies. As Vice President, Due Diligence, Ms. Jimenez will be responsible for the completion of due diligence of Green Courte’s new investments.

Ms. Anagnostopoulos joined Green Courte in June 2008. Since joining the firm, Ms. Anagnostopoulos has helped to improve the accounting, financial reporting and management of Green Courte’s retail and parking investments. Ms. Anagnostopoulos also oversees the accounting of Green Courte’s second fund, Green Courte Real Estate Partners II, LLC and its affiliates. As a Vice President, Ms. Anagnostopoulos will continue and expand upon her existing role and responsibilities as a portfolio controller.

Mr. Kerger joined Green Courte in March 2008. Since joining the firm, Mr. Kerger has contributed to the firm’s acquisitions group and was involved in the acquisition of two large portfolios of high quality land-lease communities, including the acquisition of American Land Lease, Inc. which closed in 2009. Mr. Kerger also contributes to the firm’s investor relations and fundraising efforts. As a Senior Associate, Mr. Kerger will continue and expand upon his existing responsibilities within Green Courte.

Commenting on the promotions, Randy Rowe, Green Courte’s Chairman, said, “Sirina, Antonia and Jordan have made significant contributions to Green Courte’s success over the past several years. I look forward to their continued growth and success and expect that they will make a greater impact on Green Courte in the future.”

About Green Courte Partners, LLC

Green Courte Partners, LLC is a Chicago-based private equity investment firm targeting niche real estate sectors, including land-lease communities, parking assets and “Main Street” retail/mixed-use properties in high barrier locations. 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.

 

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. 

Green Courte Partners, LLC Names Mark Scully Managing Director

Lake Forest, Illinois, December 1, 2010 – Green Courte Partners, LLC (“Green Courte”) announced today that Mark Scully has been named a Managing Director, effective October 1, 2010. Mr. Scully has been affiliated with Green Courte since it announced a strategic partnership with Scully Partners LLC in October 2008.

“Mark has become an integral part of the sales, leasing and management efforts related to our Colorado “Main Street” retail/mixed-use portfolio since his association with Green Courte in late 2008. In his new role, Mark will add acquisitions responsibilities, for both land-lease communities and parking properties, to his existing duties with the Colorado portfolio,” stated Randy Rowe, Chairman of Green Courte. Mr. Rowe added, “Mark has an extensive track record of entrepreneurial success at small firms such as Scully Partners and large firms such as Equity Office Properties. We are delighted to add Mark’s talents to our existing efforts at Green Courte and are confident in his ability to make a significant contribution to the firm’s success.”

About Green Courte Partners

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 whollyowned 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.

Green Courte Partners Names Ami A. Shah and Marnie C. Helfand Vice President

Lake Forest, Illinois, January 21, 2010 – Green Courte Partners, LLC, a private equity real estate investment firm targeting niche real estate sectors, announced today the promotion of Ami A. Shah and Marnie C. Helfand to Vice President. 

Since joining Green Courte Partners in September 2007, Ms. Shah has made significant contributions to the firm’s retail portfolio where she has taken on responsibility for leasing, marketing and tenant relations at several of Green Courte’s properties including the Shoppes of Long Grove and Mill Pond in Long Grove, Illinois and Grand Village in Branson, Missouri. As a Vice President, Ms. Shah will continue and expand upon her existing role within Green Courte’s Retail Asset Management group.

Ms. Helfand joined Green Courte in June 2008. Since joining the firm, Ms. Helfand has contributed to the firm’s capital markets and investor relations/reporting efforts. In 2009, Ms. Helfand was instrumental in refinancing approximately $125.0 million of the existing mortgage debt within Green Courte’s manufactured housing community portfolio. As Vice President, Ms. Helfand will continue and expand upon her existing role within Green Courte’s Capital Markets group.

Commenting on the promotions, Randy Rowe, Green Courte’s Chairman, said, “Ami and Marnie have made significant contributions to Green Courte’s success over the past several years. I look forward to their continued growth and success and expect that they will make a greater impact on Green Courte in the future.”

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 manufactured housing communities, “Main Street” retail/mixed-use properties and parking assets in high barrier locations. 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.

 

American Land Lease, Inc. Names David B. Lentz President and Chief Executive Officer and Shannon E. Smith Chief Operating Officer

Clearwater, Florida and Lake Forest, Illinois, January 12, 2010 – American Land Lease, Inc. (“American Land Lease”) and Green Courte Partners, LLC (“Green Courte”) announced today that David B. Lentz has been named President and Chief Executive Officer of American Land Lease. In addition, Shannon E. Smith has been named Chief Operating Officer of American Land Lease and will continue to serve as its Chief Financial Officer. Mr. Lentz is also a Managing Director of Green Courte, where he has been affiliated since June 2003. 

Green Courte’s second fund, Green Courte Real Estate Partners II, LLC and its affiliates, completed the acquisition of all of American Land Lease’s common stock in March 2009, making Green Courte the nation’s eighth largest owner of land-lease communities. Mr. Smith joined American Land Lease in October 2000 as Chief Accounting Officer and has served as Chief Financial Officer since February 2001. Mr. Smith joined Green Courte as a Managing Director in May 2009.

Randy Rowe, Chairman of both Green Courte and American Land Lease, noted, “As we plan for the ongoing expansion of our investment in the land-lease community sector, we believe it is critical to have a broad and deep management capability focused on innovating multiple aspects of the ownership and operation of land-lease communities. The appointment of David and Shannon to the top leadership positions at American Land Lease signals our continuing commitment to building the leading operating platform in the business.”

About American Land Lease

American Land Lease, Inc. is a Clearwater, Florida-based real estate investment trust that owns, develops and manages residential land-lease communities primarily serving active adults. With approximately 9,000 home sites in 25 communities located in Florida, Arizona and Alabama, American Land Lease is committed to providing affordable, free-spirited retirement living for active adults. For more information, visit www.AmericanLandLease.com.

About Green Courte Partners

Green Courte Partners, LLC is a Chicago-based private equity real estate investment firm targeting niche real estate sectors, including land-lease communities, “Main Street” retail/mixed-use properties and parking assets in high barrier locations. Green Courte owns approximately 7,600 home sites in 26 communities located in nine states, in addition to the home sites owned by American Land Lease. 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.