Popular on EntSun
- PsiRyn News: "PsiRyn's New Single 'Sober' Soars to Number 5 on Adult R&B Billboard Charts" - 161
- Peachtree Immediate Care Opens Two New Locations in December - 109
- Webinar Announcement: Navigating the New Investment Adviser AML Mandate: What Steps Should Investment Advisers Be Taking Now?
- Somebody's Husband by Robbi Renee Earns Early Acclaim for Its Powerful Exploration of Love, Loss, and Healing
- The Band Contemporary Releases New Single, "Real," Ushering in 2025 with an Authentic Anthem
- New Drug Application to the FDA for the Treatment of Suicidal Depression that Affects 13+ Million Americans Each Year: NRx Pharma: Stock Symbol:NRXP
- The Nashville International Chopin Piano Competition Announces Its Second Edition
- Paris Hilton, Congress Praised for Teen Behavioral Treatment Abuse Prevention
- Dr. Cindy Trimm Graces The Cover of KBN Magazine's Winter Issue
- Stan Fitzgerald: A Profile in Resilience and Leadership with VFAF Veterans for America First Organizational Support for a Presidential Pardon
Similar on EntSun
- COLORICH PACKAGING Will Participate in the COSME Week 2025 TOKYO and Cosmoprof Worldwide Bologna 2025 Exhibition
- "One World in a New World" Amplifies Voices of Transformation, Resilience, and Global Connection
- Genuine Hospitality, LLC Expands Leadership Team with Key Appointments
- K2 Integrity Appoints Markus Schulz as Chief Technology Officer
- Top Book Printer in Central Ohio announces expansion
- Comp-U-Floor ERP to Showcase All-in-One Flooring Software at TISE 2025
- "Cannabis Industry Dream Team" Launches GreenFlow Systems to Revolutionize Manufacturing Standards
- Pawganja Token: Redefining Cryptocurrency with Transparency and Philanthropy
- Investor Workshop at Mar-A-Lago, $27 Million for Acquisitions and Drug Treatment of Suicidal Depression: NRx Pharmaceuticals, Inc. (Stock S: NRXP)
- LIB: A master of ingenuity in the field of custom test chambers, unlocking unlimited possibilities!
Green Courte Partners Acquires Active-Adult Community Located in the Houston, Texas, MSA
EntSun News/11032507
CHICAGO, Aug. 1, 2024 ~ Green Courte Partners, LLC (GCP), a private equity real estate investment firm, has announced the acquisition of Chesapeake Bay, an active-adult community located in Seabrook, Texas. The community consists of 348 apartments and cottages and is situated just south of Houston along Clear Lake, a popular recreational area.
This acquisition marks the fifth investment for GCP's Green Courte Real Estate Partners V, LLC and its affiliates. With this addition, GCP's national senior living portfolio now includes 19 communities with approximately 3,100 units. The portfolio is managed by the firm's wholly owned operating platform, True Connection Communities (TCC).
According to Matt Pyzyk, Managing Director at GCP, Chesapeake Bay is a valuable addition to their growing portfolio of age-restricted housing. He notes that the Houston market has shown strong demand for active-adult communities and Chesapeake Bay offers a premium Class A option for the baby boomer demographic. The community's initial phase was quickly leased out and maintained high occupancy rates, leading the developer to add 90 cottages in late 2023 to meet market demand. Pyzyk also mentions that GCP will continue to seek attractive opportunities to acquire or develop additional communities for their active-adult portfolio.
More on EntSun News
Andy Alexander, Chief Executive Officer of Green Courte Residential which oversees Green Courte's residential community operating platforms, expressed excitement about expanding TCC's active-adult community footprint with the acquisition of Chesapeake Bay. He highlights the community's mix of apartments and single-story cottages with attached garages as providing a wide range of options for Houston's growing 55+ population base. Alexander also notes that Chesapeake Bay offers 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.
With this latest acquisition, GCP continues to solidify its position as a leading investor in niche real estate sectors. The firm's focus on building industry-leading companies within these sectors has proven successful, and they are committed to further growth and expansion in the future.
This acquisition marks the fifth investment for GCP's Green Courte Real Estate Partners V, LLC and its affiliates. With this addition, GCP's national senior living portfolio now includes 19 communities with approximately 3,100 units. The portfolio is managed by the firm's wholly owned operating platform, True Connection Communities (TCC).
According to Matt Pyzyk, Managing Director at GCP, Chesapeake Bay is a valuable addition to their growing portfolio of age-restricted housing. He notes that the Houston market has shown strong demand for active-adult communities and Chesapeake Bay offers a premium Class A option for the baby boomer demographic. The community's initial phase was quickly leased out and maintained high occupancy rates, leading the developer to add 90 cottages in late 2023 to meet market demand. Pyzyk also mentions that GCP will continue to seek attractive opportunities to acquire or develop additional communities for their active-adult portfolio.
More on EntSun News
- IntellaTriage Launches New Patient Engagement Service
- Cascadia Global Security Launches Cascadia Off-Duty
- Redefining Greatness: The Summit Sessions Podcast Launches to Inspire and Empower Global Audiences
- Anti-Racism Song from Neal Fox Drops in Time for Martin Luther King Day
- Hollywood Mystery Tour: discover the Walk of Fame with a new mobile game from SoMysterio.us
Andy Alexander, Chief Executive Officer of Green Courte Residential which oversees Green Courte's residential community operating platforms, expressed excitement about expanding TCC's active-adult community footprint with the acquisition of Chesapeake Bay. He highlights the community's mix of apartments and single-story cottages with attached garages as providing a wide range of options for Houston's growing 55+ population base. Alexander also notes that Chesapeake Bay offers 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.
With this latest acquisition, GCP continues to solidify its position as a leading investor in niche real estate sectors. The firm's focus on building industry-leading companies within these sectors has proven successful, and they are committed to further growth and expansion in the future.
0 Comments
Latest on EntSun News
- Scythian Returns to the Weinberg Center with High-Energy Roots Music
- "One World in a New World" Amplifies Voices of Transformation, Resilience, and Global Connection
- WalkerHughes Insurance Expands Footprint With Acquisition of Independent Brokers Agency LLC
- Hawk Tuah VIP Shop launches Exclusive Merchandise line for Viral Meme Fans
- Hot Hollywood Commercial Talent Agent Zoey Allen Comes to the Inland Empire to Interview Actors
- Orcas Island Property Owner Returns Two Prime Waterfront Properties to the Market
- Muench Workshops Welcomes New Partners Luke Dray and Sara Linssen, Announces Retirement of Andy Williams
- EPIC.NOW: The World's First Fully Immersive Dining Experience with Michelin-Starred Cuisine
- NuNorm Announces Stop Soldier Suicide as This Year's EQUAL Grant Recipient
- Pioneering A Change To Networking Events With Live Entertainment
- Soprano Elona Krasavtseva Hosts Sarah Brightman Tribute Show
- Darrin Jones: The Creative Force Behind the Trends—Raising Questions About Influence in The Weeknd's Music
- Foresight Practitioner Conference 2025 – Dates, Venue, Speakers, And Competition Finalists Announced
- Unleashing the Power Within: Theresa Zaino's Riveting New Novel Born to Compete: A Man Without A War
- Fashion PR Firm Welcomes Miss England, Milla Magee, to the Agency
- Glow Beauty Case Unveils the Best Neck and Face Sculptor in the UK
- Latest Updates to Pennsylvania Medical Malpractice and Birth Injury Law
- Best Plant Varieties for Windbreaks and Shelterbelts
- A Valentine's Affair 2025 Brings Classic Lovers to Madison
- Genuine Hospitality, LLC Expands Leadership Team with Key Appointments