Real Estate PE Firm Acquires Age-Restricted Community

Law360, New York (August 23, 2013, 12:57 AM EDT) -- Private equity real estate firm Green Courte Partners LLC agreed Thursday to purchase an age-restricted land-lease community in Port Orange, Fla., for an undisclosed price, boosting its portfolio of niche real estate assets as the senior housing market continues to expand.

Green Courte, which focuses its investments on niche sectors including the manufactured housing industry, tapped a subsidiary known as American Land Lease Inc. to manage the new portfolio, which includes 260 home sites in the Daytona Beach area. 

The deal is a double win for...
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