Town Lane (www.townlane.com), a real estate investment management firm, today announced the acquisition of two Class A Independent Living (“IL”) communities in Naples and Sarasota, each co-located on campuses inclusive of Assisted Living / Memory Care facilities. Both IL communities, comprising 373 units in total, are recently built with Naples opening in 2020 and Sarasota in 2022.
The Naples and Sarasota properties are supported by favorable demographic trends including robust net in-migration and sustained growth in the 75+ and 85+ age cohorts. The communities benefit from strategic locations within their respective markets, offering connectivity and convenience for residents. Discovery Village Naples offers proximity to lifestyle amenities including grocery-anchored retail, luxury resorts, and healthcare facilities. Discovery Village Sarasota Bay is located alongside the Sarasota Bay inlet and 10 minutes from the Sarasota International Airport. The communities offer first-class amenities including restaurant-style dining rooms, outdoor courtyards and pools, fitness and rehab spaces, theatres and beauty salons.
“We are excited to announce the acquisition of these two newly-built, well-located Senior Housing communities. The underlying fundamentals in both these sub-markets, as well as the broader senior housing landscape, remain compelling,” said Tyler Henritze, Managing Partner at Town Lane, “New vintage, high quality senior housing benefitting from strong demographic tailwinds represents a key theme for Town Lane with additional transactions pending.”
The portfolio will continue to be operated and leased by Discovery Senior Living who also operates the co-located AL/MC communities.
Advisors: Gibson Dunn LLP is serving as legal counsel to Town Lane.
About Town Lane
Town Lane is a boutique, relationship-driven real estate investment manager. Based in New York City, the firm invests thematically and nimbly across commercial real estate sectors and throughout the capital stack. Town Lane was founded in 2024 after raising $1.25 billion of institutional investor capital targeting opportunistic returns for its inaugural fund. The firm's investment strategy seeks to identify emerging trends, evaluate misunderstood opportunities, and capitalize on episodic market dislocations.
For more information, visit www.townlane.com.
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“New vintage, high quality senior housing benefitting from strong demographic tailwinds represents a key theme for Town Lane”
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Aimee Work
info@townlane.com