M&A Deal Summary

Green Courte Partners Acquires The Aspens at Bedford Falls

On February 7, 2020, private equity real estate Green Courte Partners acquired consumer services company The Aspens at Bedford Falls

Acquisition Highlights
  • This is Green Courte Partners’ 2nd transaction in the Consumer Services sector.
  • This is Green Courte Partners’ 3rd transaction in the United States.
  • This is Green Courte Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2020-02-07
Target The Aspens at Bedford Falls
Sector Consumer Services
Buyer(s) Green Courte Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

The Aspens at Bedford Falls

Raleigh, North Carolina, United States
The Aspens at Bedford Falls is a senior living community with 182-unit property located in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

Green Courte Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Real Estate
Founded 2002
Size Large
Type Sector Focused
DESCRIPTION

Green Courte Partners is a private equity real estate firm focused on the ownership and operation of land-lease communities, retail and mixed-use properties, and parking assets. Within land-lease, GCP looks to purchase communities with 150+ sites, with the potential to be '3 star' properties. The Firm will consider turnaround situations as well. Within retail/mixed-use, GCP targets a variety of projects in urban, suburban, and resort shopping districts, as well as college towns. Within parking, GCP seeks assets in major markets, specifically structures in dense areas, as well as properties near airports and universities/hospitals. In addition to acquiring real estate assets, GCP also forms joint ventures with operating partners. Green Courte Partners was formed in 2002 and is based in Lake Forest, Illinois.


DEAL STATS #
Overall 3 of 3
Sector (Consumer Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 The Parking Spot

Chicago, Illinois, United States

The Parking Spot operates off-site parking lots near more than 20 major US airports, some with multiple locations. Lots have both covered and uncovered areas as well as valet parking. The Parking Spot was formed in 1998 and is based in Chicago, Illinois.

Buy -