Greene Park Capital Bolsters Active Adult Sector with $250 Million Investment Pipeline

Greene Park Capital, a Chicago-based investment firm, has ventured into the active adult sector by investing in a 225-unit community in the Boston area. This marks their initial stride into a promising market sector with a $250 million investment pipeline clearly mapped out for future endeavors. Partner Jordyn Berger emphasizes the appeal of the relatively untapped active adult market due to its strong fundamentals and lack of competition, reflected by a mere 0.5% average national penetration rate. Founder Carrie Hiebeler highlights favorable risk-adjusted returns compared to other healthcare asset classes. The firm plans to partner with local and family owner-operators to expand portfolios focusing on value-add communities, targeting major metropolitan and suburban regions. By amassing properties below replacement cost and continuously building partnerships in the sector, Greene Park Capital aims to significantly grow within the next decade.