Green Courte Partners, LLC announced today that its fourth fund, Green Courte Real Estate Partners IV, LLC and its affiliates has acquired its first two senior housing communities. GCP is actively building a portfolio of age-restricted apartments and independent living communities to meet the growing needs of older Americans seeking an active lifestyle offered in an attractive yet affordable environment.

The Company's two acquisitions are:

Verena at Virginia Center – In November 2015, GCP acquired a 118-unit, independent living community located in Glen Allen, Virginia (part of the Richmond MSA). The community, which was constructed in 2009 and is presently 97% occupied, will be managed by Senior Lifestyle Corporation, one of the nation's largest managers of housing for older Americans.

Arbour Square of Harleysville – In June 2016, GCP acquired a 275-unit, independent living community located in Harleysville, Pennsylvania (part of the Philadelphia MSA). The community, which was built in two phases, completed in 2006 and 2014, and is presently 78% occupied, will be managed by Heritage Senior Living.