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Private equity firm buys American Land Lease
By Lisa Kerner
Charlotte, N.C., March 16 - American Land Lease, Inc. merged with an affiliate of Green Courte Partners, LLC after American Land Lease stockholders approved an agreement at a special meeting on Monday.
According to American Land Lease, each share of its 7.75% series A cumulative redeemable preferred stock issued and outstanding will remain outstanding as a share of 7.75% series A cumulative redeemable preferred stock of the company.
An affiliate of Green Courte now owns 100% of American Land Lease's common stock.
Green Courte is a Chicago-based private equity investment firm.
American Land Lease is a Clearwater, Fla., real estate investment trust.
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