Green Courte Partners Acquires Age-Restricted Land-Lease Community In Florida

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Aug 22, 2013, 03:00 ET

LAKE FOREST, Ill., Aug. 22, 2013 /PRNewswire/ -- 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 acquisition of Lamplighter Manufactured Home Community, an age-restricted land-lease community, containing 260 home sites, located in Port Orange, Florida.

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Green Courte has engaged American Land Lease, Inc., a wholly-owned subsidiary of its second fund, Green Courte Real Estate Partners II, LLC, to manage the community. American Land Lease is the manager of Green Courte's land-lease/manufactured housing community portfolio, which now includes over 19,300 developed home sites located across 54 communities in eleven states. American Land Lease will operate the community under their "55+" lifestyle brand, Solstice Communities. For additional information about Solstice Communities, please visit www.solsticecommunities.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. Currently, the firm's strategies include building fully-integrated companies investing in land-lease/manufactured housing communities and parking properties. 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. For additional information, please visit www.GreenCourtePartners.com.

SOURCE Green Courte Partners, LLC