News

Jun 30, 2025

Town Lane Enters Senior Housing Asset Class with Off-Market Acquisition of Two Independent Living Communities – Discovery Village Naples and Discovery Village Sarasota Bay

NEW YORK--(BUSINESS WIRE)--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.

June 30, 2025

Town Lane Announces Acquisition of 2.7M Square Foot Infill Portfolio of Shallow Bay Industrial Real Estate in Raleigh-Durham from Corebridge Real Estate Investors and Equus Capital Partners

NEW YORK--(BUSINESS WIRE)--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.

September 05, 2024

Town Lane and PowerHouse Data Centers Joint Venture Acquires Future Data Center Land Site in Charlotte, NC

NEW YORK and WASHINGTON, Sept. 5, 2024 /PRNewswire/ -- Town Lane, a real estate investment management firm, and PowerHouse Data Centers ("PowerHouse"), a leading real estate developer and owner of next-generation hyperscale data centers, and fully owned division of American Real Estate Partners (AREP), today announced the completed purchase of 122 acres in Charlotte, North Carolina via a joint venture partnership between both companies. The land site is the future home to PowerHouse Charlotte, a five-building, 2.5 million square feet data center campus that will have 300 MW, with the potential to increase to 500MW, of secured power by April 2027.

August 01, 2024

Town Lane and Cousins Properties Announce the Acquisition and Planned Modernization of Proscenium

NEW YORK--(BUSINESS WIRE)--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.

May 31, 2024

Town Lane Raises $1.25 Billion for Inaugural Real Estate Investment Fund

NEW YORK--(BUSINESS WIRE)--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.