Chicago, August 1, 2024 LONDON, Oct. 13, 2020 /PRNewswire/ — Green Courte Partners, LLC (“GCP”), a private equity real estate investment firm focused on building industry-leading companies in niche real estate sectors, today announced that its fifth investment fund, Green Courte Real Estate Partners V, LLC, and its affiliates, have Chesapeake Bayan active senior community with 348 apartments and cottages. Seabrook, TexasJust south of Houston parallel Clear Lakean attractive recreational area. With this acquisition, GCP’s national senior living portfolio will expand to 19 communities containing approximately 3,100 units managed by the company’s wholly owned operating platform, True Connection Communities (“TCC”).
Matt PysickGCP Managing Director,Chesapeake Bay It is a valuable addition to our expanding portfolio of age-restricted housing. Houston The market is showing strong demand for active adult products, Chesapeake Bay “It offers a premium Class A option for Baby Boomers. The initial phase of this community, a mix of apartments and cottages, leased quickly and maintained high occupancy rates, so the developer is adding an additional 90 cottages in late 2023 to meet market demand. We will continue to explore attractive opportunities to acquire or develop additional communities for our active senior portfolio.”
Andy Alexander“We are pleased to expand TCC’s active senior communities footprint with the acquisition of Chesapeake Bay, which offers a wide range of options with a combination of active senior apartments and single-story cottages with attached garages,” said CEO of Green Court Residential, which oversees Green Court’s residential community operating platform. Houston There is a growing population of people age 55 and over. The community offers attractive amenities such as two resort-style pools, a movie theater and an on-site bar that hosts social events for residents throughout the week.”
About Green Courte Partners, LLC
Green Courte Partners LLC ChicagoGreen Court is a private equity real estate investment firm focused on building industry-leading companies in niche real estate sectors, including active adult/independent senior housing, ground lease communities, industrial outdoor storage and airport parking. The firm combines a focused investment strategy with a disciplined approach to transaction execution, operations and asset management. Green Court’s goal is to invest in high quality real estate assets that generate attractive risk-adjusted returns over long-term holding periods. For more information, please visit Green Court’s website at www.GreenCourtePartners.com.
About the True Connection Community
True Connection Communities operates a high-quality portfolio of 19 active adult and independent senior living communities with more than 3,100 units across nine states to meet the growing needs of Americans age 55 and older who are looking for an active, fulfilling lifestyle. To provide an exceptional experience for its residents, TCC focuses on five key offerings: custom-designed fitness and wellness programs, chef-prepared meals featuring fresh, seasonal ingredients, social activities designed for active living, innovative education programs and cutting-edge technology. For more information, visit www.TrueConnectionCommunities.com.
SOURCE Green Courte Partners, LLC
