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Posts Tagged ‘American Land Lease Inc.’

Green Courte buys another ‘Senior’ Manufactured Home Community

August 23rd, 2013 Comments off

green-court-partners-posted-on-mhpronews-comGreen Courte Partners, LLC announced the acquisition of Lamplighter Manufactured Home Community, an age-restricted land-lease community, containing 260 home sites, located in Port Orange, Florida. Green Courte 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 manages Green Courte’s land-lease/manufactured housing community portfolio. That portfolio 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. As MHProNews readers know, Green Courte Partners, LLC is a private equity real estate investment firm focused on niche real estate sectors, which includes manufactured housing, parking garages and more commercial real estate interests. American Land Lease CEO, David Lentz, is also the Chairman of the National Communities Council (NCC) division of the Manufactured Housing Institute (MHI). ##

(Image Credit, Green Courte Partners Logo)

Green Courte Adds Two Communities to its Portfolio

July 31st, 2013 Comments off

Lake Forest, Ill.-based private equity real estate investment firm Green Courte Partners, LLC announces the acquisition of two all-age land lease communities in southern Maine. Incorporating 483 home sites, MHProNews has learned Town & Country Village in Lisbon and Maplewood Manor/Merry Meeting in New Brunswick will be managed by American Land Lease, Inc., a wholly-owned subsidiary of Green Courte. American Land Lease manages the manufactured housing community portfolio of Green Courte, which now includes 53 communities in eleven states comprised of 19,000 developed home sites.

(Photo credit: Green Courte Partners, LLC)

Green Courte Announces Promotion of Braden Rudolph

June 19th, 2013 Comments off

Private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden Rudolph to Vice President, Asset Management. A 2010 MBA graduate of Northwestern University’s J L. Kellogg School of Management, Rudolph has been active in strategic initiatives at American Land Lease, Inc., an owner/operator of 50 manufactured housing communities comprised of 18,500 home sites. A Senior Associate with Green Courte since June 2011, he was also a principal in the company’s acquisition of The Parking Spot, a major player in near-airport parking facilities, as pehub.com informs MHProNews. Green Courte specializes in parking asset and land lease community investments.

(Image credit: Green Courte Partners, LLC)

Green Courte Promotes Rudolph

May 7th, 2013 Comments off

MarketWatch informs MHProNews private equity real estate investment firm Green Courte Partners, LLC announces the promotion of Braden L. Rudoph to the post of Vice President, Asset Management. A senior associate since June 2011, Rudolph has been involved in acquisitions and asset management, and was involved in the company purchase of The Parking Spot, an airport parking property with 35 locations and 60,000 spaces. Through American Land Lease, Inc., which merged with Green Courte in Dec., 2008, the company owns and operates 50 land lease communities with 18,500 homesites. Rudolph has a Masters of Business Administration from the J. L. Kellogg School of Management at Northwestern University in Evanston, Ill.

(Image credit: Green Courte Partners, LLC)

2013 NCC Fall Leadership Forum Announced

April 10th, 2013 Comments off

Image Credit: NCC LogoMHI’s National Communities Council (NCC) has announced that it is expanding its current slate of networking and business building opportunities by creating a new flagship leadership and networking event to be held each fall.  The first annual NCC Fall Leadership Forum will be held On October 16-18, 2013 at the W Hotel in downtown Chicago, and this year’s theme will be “Building a Vision for the Future.”  NCC staff and leadership are developing an outstanding group of industry veterans and leaders as speakers and panelists as well as speakers from outside the industry.  Highlighting the inaugural event will be Sam Zell, Chairman of Equity Group Investments, as a featured speaker.

MHProNews spoke to NCC Chairman David Lentz, President and CEO of American Land Lease, Inc., who commented about the event, “We are thrilled that the NCC is finally able to take this big leap forward by hosting its new flagship event this fall. This is clear indication that the MHI/NCC staff leadership team of Dick Jennison and Jenny Hodge is now well beyond the recent transition and already having significant impact, and we look forward to more exciting announcements about the future direction of the NCC in the coming months.” ##

(Image Credit: NCC Logo)

 

New Manager Joins LLC Owner Green Courte Partners

June 29th, 2011 Comments off

MHMSM.com has learned that Chicago-based private equity real estate investment firm Green Courte Partners LLC has named Keith Balowek Managing Director, Parking Acquisitions.  With 30 years real estate experience in a number of private and public companies, Mr. Balowek was involved in the acquisition of more than $500 million parking properties while working for Equity Capital Holdings.  More recently he co-founded ECI Investment Advisors, Inc., a real estate development and parking services advisory firm.  Randy Rowe, Chairman of Green Courte, said, “With Green Courte’s renewed focus on parking investments, we are delighted to add Keith’s deep experience and relationships within the parking industry to our existing efforts.”  Through its wholly-owned subsidiary, American Land Lease, Inc., and directly, the company owns 18,000 land lease home sites in 48 communities spread over ten states.  According to the recent Allen Report, American Land Lease ranks as the nation’s ninth largest land lease community (LLC) owner.

New Community Springs from Large Land Lease Operator

May 5th, 2011 Comments off

In a communication from American Land Lease, Inc., MHMSM.com learned of the company’s newest community brand, Clearview Communities, an all-age community with many fitness and social activity opportunities and amenities that appeal to the higher-end manufactured housing resident.  Operating out of Clearwater, Florida, this real estate investment trust (REIT) owns and operates 18,100 home sites in 48 communities spread over 10 states.  The Clearview portfolio includes 16 communities in nine states.  Said David Lentz, President and CEO of the company, “From our exclusive Good Neighbor Pledge to customized resident services and community activities planned with our residents in mind, our goal is to ensure that every resident’s living experience is unmatched.”