Town Lane And Arcole Partners Acquire 186-Unit Senior Housing In League City For An Unspecified Amount

The asset involved in this transaction is a senior housing facility located at 1850 East League City Parkway in League City, Texas. The property comprises 186 units and was built in 2023. This Class-A senior living community provides a full continuum of care, including independent living, assisted living, and memory care services. The transaction was executed as Bow River Capital and Ryan Companies exited their investment in the property.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: Not specified
• Address: 1850 East League City Parkway
• Market: League City, TX
• Units: 186
• Buyer: Tyler Henritze - Town Lane; Kelly Sheehy - Arcole Partners
• Seller: Blair Richardson - Bow River Capital; Brian Murray - Ryan Companies
• Brokers: Ross Sanders, Dave Fasano, Cody Tremper & Mike Garbers - Berkadia

Berkadia facilitated the sale of Grand Living at Tuscan Lakes, enabling Town Lane and Arcole Partners to acquire the property as part of their strategy targeting newer senior housing assets in high-growth markets. Grand Living will continue to manage the property following the acquisition.