Green Courte Partners, LLC ("GCP"), a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced today that its sixth investment fund, Green Courte Real Estate Partners VI, LLC and its affiliates, acquired Cottages of Monroe, a 51-unit active-adult cottage community located in Monroe, Georgia, just east of Atlanta. The acquisition increases GCP's national senior living portfolio, which is managed by the firm's wholly owned operating platform, True Connection Communities, to 20 communities containing approximately 3,200 units. 

Matt Pyzyk, Managing Director at GCP, said, "We are excited to expand our portfolio and enter the Atlanta market with the acquisition of Cottages of Monroe, which has earned a strong local reputation and consistently maintained high occupancy rates. This gated community has been a key target for us due to its attractive location and the desirability of its single-story cottage product. With this acquisition, our senior living portfolio now includes approximately 650 cottages. We are actively pursuing opportunities to acquire or develop similar communities to expand our senior cottage portfolio."

Randy Griffin, one of Green Courte's counterparties in the transaction, added, "We've had a long-standing relationship with GCP. They approached us directly and were able to structure a deal that accomplished our objectives. We were pleased with the timeline and outcome of the transaction."