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Town Lane Enters Senior Housing Asset Class with Off-Market Acquisition of Two Independent Living Communities – Discovery Village Naples and Discovery Village Sarasota Bay
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NEW YORK--(BUSINESS WIRE)--Jun 30, 2025-- 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.