Green Courte Partners LLC, a private equity real estate investment firm focused on building companies within niche real estate sectors, has purchased Bloomfield, an active-adult community located in Omaha, Neb., through its investment fund, Green Courte Real Estate Partners V LLC.
Bloomfield offers 95 units within the community. The acquisition looks to drive GCP’s national age-restricted housing portfolio, which is managed by the firm’s wholly-owned operating company, True Connection Communities, to 18 communities containing approximately 2,700 units.
“The community’s occupancy proved resilient through the pandemic, which is a testament to its unique product offering, compelling value proposition, and desirable location,” Matt Pyzyk, managing director of acquisitions at GCP. “We have observed strong demand for the active-adult operating format, and we will continue to seek attractive acquisition and development opportunities to grow our age-restricted housing portfolio.”