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CHICAGO, Aug. 1, 2024 /PRNewswire/ — Inexperienced Courte Companions, LLC (“GCP”), a non-public fairness actual property funding company excited by construction industry-leading firms inside of area of interest actual property sectors, introduced as of late that its 5th funding charity, Inexperienced Courte Actual Property Companions V, LLC, and its associates, received Chesapeake Bay, an active-adult nation with 348 residences and cottages situated in Seabrook, Texas, simply south of Houston alongside Unclouded Pond, a fascinating leisure segment. The purchase will increase GCP’s nationwide senior dwelling portfolio, which is controlled by way of the company’s fully owned running platform, True Connection Communities (“TCC”), to 19 communities containing roughly 3,100 devices.
Matt Pyzyk, Managing Director at GCP, mentioned, “Chesapeake Bay is a valuable addition to our growing portfolio of age-restricted housing. The Houston market has demonstrated robust demand for the active-adult product, and Chesapeake Bay offers a premium Class A option for the baby boomer demographic. With a mix of apartments and cottages, the community’s initial phase leased quickly and maintained strong occupancy, prompting the developer to add 90 cottages in late 2023 to meet market demand. We will continue to seek attractive opportunities to acquire or develop additional communities for our active-adult portfolio.”
Andy Alexander, Well-known Government Officer of Inexperienced Courte Residential, which oversees Inexperienced Courte’s residential nation running platforms, added, “We are excited to expand TCC’s active-adult community footprint with the acquisition of Chesapeake Bay. The combination of active-adult apartments and single-story cottages with attached garages provides a wide array of options for Houston’s growing 55+ population base. The community boasts an attractive suite of amenities, including two resort-style pools, a movie theater, and an on-site bar serving residents during social events throughout the week.”
About Inexperienced Courte Companions, LLC
Inexperienced Courte Companions, LLC is a Chicago-based non-public fairness actual property funding company excited by construction industry-leading firms inside of area of interest actual property sectors, together with energetic grownup/free senior dwelling houses, land-lease communities, and commercial outside store and near-airport parking amenities. The company combines targeted funding methods with a disciplined technique to transaction execution, operations, and asset control. Inexperienced Courte’s function is to spend money on fine quality actual property belongings that may generate sexy risk-adjusted returns over a long-term maintaining length. For supplementary data, please talk over with Inexperienced Courte’s site at www.GreenCourtePartners.com.
About True Connection Communities
True Connection Communities operates a fine quality portfolio of nineteen active-adult and free senior dwelling communities, containing over 3,100 devices situated in 9 states, to satisfy the rising wishes of American citizens over the future of 55 in quest of an energetic and i’m busy way of life. To bring an outstanding resident enjoy, TCC makes a speciality of 5 key choices: custom-designed health and wellness methods, ingenious chef-prepared foods made with the most up to date seasonal substances, social actions designed for a future at the proceed, leading edge instructional methods, and cutting-edge generation. To be informed extra, talk over with www.TrueConnectionCommunities.com.
SOURCE Inexperienced Courte Companions, LLC
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