CHICAGO, Dec. 20, 2016 /PRNewswire/ -- Green Courte Partners, LLC ("Green Courte"), a private equity investment firm targeting niche real estate sectors, announced today the closing of its fourth investment fund, Green Courte Real Estate Partners IV, LLC ("GCREP IV"). This $503.2 million equity fund will employ institutional levels of leverage to invest in up to $1.5 billion of niche real estate assets. With the new fund, 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.
Regarding GCREP IV, Randy Rowe, Green Courte's Chairman, commented, "We are pleased to complete our fundraising efforts for GCREP IV and appreciate the confidence both existing and new investors have shown in our ability to deliver attractive risk-adjusted returns. We look forward to continuing our successful strategy of building niche real estate businesses."