Green Courte Acquires Fla MHC

MarketWatch reports Chicago-based Green Courte Partners, LLC announces the acquisition from CRF Communities of Plantation Landings, an MHC in Haines city Florida. The four-star 394 home site age-restricted community is fully leased, has learned. In 2009, Green Courte’s second fund, Green Courte Real Estate Partners ll, LLC, purchased Royal Palm Village from American Land Lease, Inc., which is just north of Plantation Landings. As it is the principal manager of Green Courte’s manufactured housing portfolio comprised of over 18,500 home sites, American Land Lease will operate Plantation Landings as part of its age-restricted lifestyle brand, Solstice Communities. Green Courte’s chairman Randy Rowe, noting his desire to work with CRF in the future, says, “We are pleased to add this high-quality property to our existing portfolio of ’55+’ retirement communities in central Florida.” Terms of the transaction were not disclosed.

(Image credit: Green Courte Partners)

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