Real estate investment management firm Town Lane has added senior living to its quiver with the acquisition of two independent living communities in Naples and Sarasota, FL, and more acquisitions are planned.

The communities, built in 2020 and 2022, respectively, comprise 373 units in total. They will continue to be operated and leased by Discovery Senior Living, which also operates the co-located assisted living and memory care communities. 

Town Lane Tyler Partner Tyler Henritze described the two communities as “well-located.” The company noted that the locations benefit from “robust net in-migration and sustained growth in the 75+ and 85+ age cohorts.”

“The underlying fundamentals in both these sub-markets, as well as the broader senior housing landscape, remain compelling,” he said. “New-vintage, high-quality senior housing benefitting from strong demographic tailwinds represents a key theme for Town Lane, with additional transactions pending.”

Henritze, a Blackstone Real Estate veteran, founded the New York City-based boutique investment management firm in 2024 after raising $1.25 billion of institutional investor capital targeting opportunistic returns for its inaugural fund.

“Town Lane is opportunistically focused across the US, investing thematically at the intersection of technological and demographic trends, with a flexible mandate across sectors and through the capital stack,” the company said.

The firm said it is looking to differentiate itself across four themes: senior living, digital infrastructure, hospitality platforms and logistics.

Gibson Dunn LLP is serving as legal counsel to Town Lane.