Lake Forest private equity firm does Florida deal

By Becky Yerak
Posted Jan. 12 at 10:50 a.m.

Lake Forest-based private equity firm  Green Courte Partners LLC has acquired six age-restricted, manufactured housing communities in central Florida.

The firm, which targets niche real estate sectors, said the purchase includes more than 1,850 home sites that are nearly  100 percent occupied.

Green Courte now owns more than 18,000 home sites in 48 communities in 10  states.

Green Courte’s second fund is now fully committed, but it’s looking for investment opportunities for its third fund.

“We have the capital to purchase more than  $750 million of additional communities,” said Green Courte Chairman Randy Rowe, 55, who previously was co-founder and chairman of Transwestern Investment Co. from 1996 to 2002. “We expect to invest this capital within the next several years.”

Terms of the deal with CRF Communities weren’t disclosed.

Read more about the topics in this post:
 

Comments are closed.