Articles from Town Lane

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.

Town Lane (www.townlane.com), a real estate investment management firm, Corebridge Real Estate Investors and Equus Capital Partners announce the acquisition and sale of a premier 2.7 million square foot portfolio of highly infill, shallow bay industrial real estate encompassing 55 buildings across six industrial parks in Raleigh-Durham. The acquisition also includes nearly 40 acres of land across three of the parks available for future industrial development.

Town Lane and Cousins Properties (NYSE: CUZ) announced today they have acquired Proscenium, a 526,000 square foot Class A office building located in the Midtown submarket of Atlanta, GA for approximately $83 million. Town Lane and Cousins (the Ownership) completed the all-cash transaction through a newly formed joint venture with Town Lane owning 80% of the venture and Cousins owning the remaining 20%. Cousins will provide property management and leasing services.

Town Lane (“Town Lane” or the “Firm”), an opportunistic real estate investment firm, completed yesterday the final close of its inaugural fund, Town Lane Real Estate Opportunities Fund I (“Fund I”), with $1.25B in total commitments. The fund was oversubscribed and closed on its investor commitments in the first half of 2024 above its initial $1.0 billion target. Fund I is backed by a diverse and esteemed group of experienced institutional investors, including university endowments, charitable foundations, family offices and pension funds.