December 3, 2019
Private equity firm Green Courte Partners closed its fifth investment fund, Green Courte Real Estate Partners V (GCREP V), with total capital commitments of $540.8 million. GCREP V will employ institutional levels of leverage to acquire up to $1.6 billion of niche real estate assets.
Chicago-based GCP plans to use the fund to grow its land-lease community portfolio; continue building True Connection Communities, its senior living platform; and completing its investment in The Parking Spot, reportedly the nation’s largest owner and operator of near-airport parking facilities. The company said it may also identify additional niche sectors for investment.
“We appreciate the continued trust and support that our investors have shown in our ability to successfully execute our targeted investment strategy of building and monetizing fully integrated operating platforms within niche real estate sectors,” said Randy Rowe, GCP’s chairman.
Pictured: Green Courte headquarters at 303 W. Madison.
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