Green Courte Partners, LLC, a private equity real estate investment firm focused on building industry-leading companies within niche real estate sectors, announced the promotions of David B. Lentz to chief executive officer, Steven S. Gearhart to chief operating officer and William Glascott to deputy chief investment officer. In conjunction with these promotions, Gearhart and Glascott have joined Green Courte’s management committee.
“As we continue executing our strategy of building world-class, fully-integrated businesses within the real estate sectors we are currently targeting, which include near-airport parking, active adult/independent senior living properties and land-lease communities, these promotions demonstrate the breadth and depth of talent and experience we have assembled at the firm,” said Randall K. Rowe, Green Courte’s chairman.
Lentz joined Green Courte in June 2003. He is one of the firm’s three managing principals and was most recently the firm’s chief operating officer. Lentz has held several senior leadership positions during his tenure at Green Courte, including chief executive officer of American Land Lease, Inc., the firm’s previous land-lease community platform, which was merged with Sun Communities, Inc. in 2015, and vice chairman of the board of directors of The Parking Spot, the firm’s near-airport parking platform. As chief executive officer of Green Courte, Lentz will lead Green Courte’s management committee and will be responsible for managing the daily activities and resources of the firm in addition to guiding strategic operating decisions. He will also serve as the chairman of The Parking Spot.
Lentz is a trustee of the Urban Land Institute and a governor of the ULI Foundation, and he serves as a vice chair of ULI’s Sharing Economy Council. Prior to joining Green Courte, Lentz was director of development with Mosbacher Power Group, L.L.C., a global developer, owner and operator of independent power generation assets, and a financial analyst with Enron Capital & Trade Resources. Lentz holds a bachelor of business administration in finance from the University of Texas at Austin and a master of science in real estate and urban land economics from the University of Wisconsin-Madison.
Gearhart joined Green Courte in March 2015 as chief technology officer and has been part of The Parking Spot’s senior management team since 2012, serving previously as chief revenue officer, chief operating officer, and chief information officer. Most recently at The Parking Spot, Gearhart was responsible for strategic technology initiatives, including the development and implementation of the company’s proprietary revenue control system, as well as data analytics and the overall sales, marketing and revenue generation functions. In his new role as chief operating officer of Green Courte, Gearhart will serve as a vice chairman of The Parking Spot and will oversee Green Courte’s portfolio of operating businesses.
Prior to joining Green Courte and The Parking Spot, Gearhart was a vice president at Pritzker Realty Group, an assistant professor of electrical engineering at the University of Wisconsin-Madison, and a management consultant with Boston Consulting Group. Gearhart holds a doctor of philosophy in electrical engineering from the University of Michigan and a master of business administration from Northwestern University’s J.L. Kellogg Graduate School of Management.
Glascott joined Green Courte in February 2012 as a managing director and focused initially on strategic acquisitions to expand the firm’s land-lease community platform. Glascott currently oversees acquisitions across all of Green Courte’s targeted sectors. In his new role as deputy chief investment officer, Glascott will continue to manage the firm’s investment activities with additional focus on strategic planning and capital deployment.
“With Bill approaching twenty years of experience in acquisitions, transaction structuring and real estate investing combined with his effective management of the acquisitions group for the past two years, this promotion formalizes his position and acknowledges his many contributions to the firm,” said Green Courte’s vice chairman and chief investment officer, James R. Goldman.
Prior to joining Green Courte, Glascott was vice president of acquisitions at Hometown America, LLC, one of the nation’s largest owners and operators of land-lease communities. Glascott holds a bachelor of science in economics from the University of Pennsylvania’s Wharton School of Business and is a Chartered Financial Analyst.