American Land Lease, Inc.’s Stockholders Approve Merger with Green Courte Partners
March 16 2009 - 11:36AM
Business Wire
American Land Lease, Inc. (�ANL�) today announced that its
common stockholders approved the previously announced merger of an
affiliate of Green Courte Partners, LLC, a Chicago-based private
equity investment firm (such affiliate, �Green Courte Partners�)
with and into ANL at the special meeting of stockholders held today
in Chicago, Illinois. The closing of the merger occurred following
the special meeting. Each share of ANL�s 7.75% Series A Cumulative
Redeemable Preferred Stock issued and outstanding immediately prior
to the effective time of the merger will remain outstanding as a
share of 7.75% Series A Cumulative Redeemable Preferred Stock of
ANL having the same powers, rights and preferences. As a result of
the merger, 100% the common stock of ANL is owned by an affiliate
of Green Courte Partners, LLC.
About Green Courte Partners
Green Courte Partners, LLC is a Chicago-based private equity
real estate investment firm focused primarily on the ownership and
operation of manufactured housing communities, retail and mixed-use
properties, and parking assets. Green Courte Partners, LLC combines
focused investment strategies with a disciplined approach to
transaction execution and asset management with a goal of
generating attractive risk-adjusted returns over a long-term
holding period. For more information visit
www.GreenCourtePartners.com.
About ANL
American Land Lease, Inc. is a Clearwater, Florida-based real
estate investment trust that owns, develops and manages residential
land lease communities primarily serving active adults. With over
10,000 home sites in 30 communities located primarily in Florida,
Arizona and Alabama, ANL is committed to providing affordable,
free-spirited retirement living for active adults. For more
information, visit www.americanlandlease.com.
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