Private equity real estate investment firm Green Courte Partners announced that it has hired Jim Pusateri as the first chief executive officer of True Connection Communities, its new senior living operating platform. Pusateri will also join Green Courte as a managing director.
“We’re thrilled to welcome Jim to the Green Courte team and look forward to leveraging his deep industry experience, unique vision and passionate, committed leadership as we continue to expand our True Connection Communities platform,” said David Lentz, Green Courte’s chief executive officer and chairman of True Connection Communities.
Pusateri has over 25 years of experience in the senior living industry and was heavily involved in the early-stage growth of several significant senior living platforms, including those of Brookdale and Horizon Bay (since acquired by Brookdale). Throughout his career, he has held various senior management positions in the industry with responsibility for oversight of sales and marketing, operations, hospitality, development and human resources.
He most recently served as the co-chief operating officer of Senior Lifestyle Corporation, an owner, operator and developer of senior living communities with a portfolio of more than 180 properties. Previously, he was a senior vice president of sales at Brookdale, where he was responsible for strategic oversight of the sales teams at over 1,000 communities and developed large-scale sales and training programs for the company.
“I’m excited to join the Green Courte team and take on the leadership of True Connection Communities, and I look forward to working together to create a new standard for active, lifestyle-focused senior living,” Pusateri said.
Through its fourth investment fund, Green Courte Real Estate Partners IV, LLC and its affiliates, Green Courte has assembled a portfolio of nine senior living properties located in four states and containing over 1,400 units. The firm is actively seeking additional active adult/independent senior living investment opportunities to add to its growing portfolio.
