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Green Courte Partners closes third fund

Green Courte Partners, a private equity investment firm targeting niche real estate sectors, has closed its third investment fund, Green Courte Real Estate Partners III, LLC (GCREP III).

 

This USD406.9 million fund will employ institutional levels of leverage to invest in approximately USD1.2 billion of niche real estate, including land-lease communities and parking assets. GCREP III will continue the strategies of the firm’s first two funds, Green Courte Real Estate Partners, LLC and Green Courte Real Estate Partners II, LLC, which to date have invested in over USD1.1 billion of niche real estate investments.

Green Courte founder Randall K Rowe says: "We are delighted to have completed the fundraising for GCREP III in this challenging market and are honoured that almost all of our investors in the prior two funds have decided to invest in GCREP III. We are also pleased to have several new institutional investors join us in GCREP III. We look forward to investing the capital consistent with our niche real estate strategies and will work diligently to generate attractive, risk-adjusted returns for our investors."

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