Green Courte closes fourth fund
Green Courte Partners has held a closing for its fourth investment fund, Green Courte Real Estate Partners IV, raising $503.2 million in equity commitments. With leverage, the fund will be able to invest in up to $1.5 billion of niche real estate assets. Green Courte will continue to extend the reach of The Parking Spot, the nation's largest portfolio of near-airport parking facilities, and will expand Green Courte's specialty housing business, which includes active-adult and independent-living senior housing properties as well as land-lease communities. Green Courte Real Estate Partners III closed in 2011 with $406.9 million in equity commitments.