Town Lane and Arcole Acquire Amavida at Lakes Park Senior Community
Private equity firms Town Lane and Arcole have jointly acquired Amavida at Lakes Park, a senior living community in Fort Myers, Florida.
Town Lane and Arcole, two private investment firms based in New York and Atlanta respectively, have completed the acquisition of Amavida at Lakes Park, a senior living community located in Fort Myers, Florida, the companies announced. The deal marks another move by institutional capital into the growing seniors housing sector in the Sun Belt region.
Amavida at Lakes Park is positioned in Fort Myers, a Southwest Florida market that has seen sustained population growth and strong demand for age-restricted and senior care housing. The acquisition adds a stabilized asset to the portfolios of both Town Lane and Arcole, firms that have demonstrated appetite for quality senior living properties.
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The partnership between Town Lane and Arcole signals a continued trend of joint ventures targeting seniors housing assets, as investors seek recession-resilient, demographically driven real estate opportunities. The aging Baby Boomer population has amplified demand for upscale senior communities throughout Florida and across the broader Southeast.
Details regarding the transaction's financial terms, including the purchase price, were not disclosed in the announcement. No information was provided about planned capital improvements or operational changes at Amavida at Lakes Park following the ownership transfer.
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