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.”…