Green Courte Partners has purchased a 20-acre land parcel adjacent to Conestoga, a land-lease community it owns in Gardner, Kan., a suburb of Kansas City.
The parcel is entitled for 98 home sites, which will allow the expansion of Conestoga to 757 home sites and increase GCP's land-lease community portfolio, which is internally managed by GCP's operating platform, Windward Communities, to approximately 7,000 home sites nationally, including over 1,100 home sites in the Kansas City market. GCP plans to commence construction on the site improvements this summer. The new section will be called "Lakeside at Conestoga" and will feature a lake, walking paths and a pavilion, in addition to the clubhouse, pool, playground and other amenities at Conestoga.
Jordan Kerger, managing director at GCP, stated, "We're always looking to expand our land-lease community portfolio, either through acquisitions of existing communities or by acquiring expansion land for the properties we own
