Private-equity real estate investor Green Courte Partners acquired Chesapeake Bay, a 348-unit active-adult community in Seabrook.  

The acquisition was made by Green Courte’s fifth investment fund, Green Courte Real Estate Partners V. The community will be managed by the firm’s operating platform, True Connection Communities. With the acquisition, Green Courte now owns 19 55-plus communities aggregating about 3,100 units. 

The community has a mix of apartments and single-story cottages with attached garages. Amenities include two resort-style pools, a movie theater and an on-site bar. 

“The Houston market has demonstrated robust demand for the active-adult product, and Chesapeake Bay offers a premium class A option for the Baby Boomer demographic,” Managing Director Matt Pyzyk said in a press release. “With a mix of apartments and cottages, the community’s initial phase leased quickly and maintained strong occupancy, prompting the developer to add 90 cottages in late 2023 to meet market demand. We will continue to seek attractive opportunities to acquire or develop additional communities for our active-adult portfolio.”