Green Courte Partners (GCP) has acquired a portfolio of four land-lease communities comprising approximately 700 existing home sites in the greater Rochester, N.Y., area.
The acquisition increases GCP's national land-lease community portfolio, which is internally managed by GCP's operating platform, Windward Communities, to 21 communities containing approximately 7,500 home sites, including approximately 1,900 home sites in the Rochester market. The acquisition also included vacant land adjacent to two of the communities that can accommodate approximately 120 additional home sites. GCP plans to upgrade the amenities at the communities and will implement an active home sales operation to bring in attractive new homes to fill the communities' large, inviting home sites.
Jordan Kerger, managing director at GCP, stated, "These communities are a great addition to our rapidly growing land-lease community portfolio and bolster our presence in New York's popular Finger Lakes r
