Town Lane (www.townlane.com), a real estate investment management firm, today announced the off-market acquisition of The Goldton at Venice, a 167-unit, full continuum Senior Living community in Venice, Florida. The Community, which opened in 2023, offers Independent Living, Assisted Living and Memory Care services to meet the needs of the region’s growing senior population. The acquisition reflects a continuation of Town Lane’s broader strategy to acquire recently built full-continuum assets in strong growth markets within Senior Housing.
The Goldton at Venice is in a market that is projected to see nearly 20% growth in the 75+ age cohort over the coming years along with strong net in-migration trends. Further, the community is located a short drive from Downtown Venice and less than one mile from Sarasota Memorial Hospital offering convenient community and healthcare access for its residents. The community’s single building design allows for ease of aging in place for its residents, while residents enjoy a wide array of amenities including fitness and rehabilitation facilities, an outdoor courtyard and pool, a library, creative art center, theatre and many other amenities to engage residences and enhance the community.
“We are excited to announce the acquisition of Goldton at Venice another well-located, recently constructed, high quality senior housing asset to add to Town Lane’s emerging Senior Housing portfolio as we continue to prioritize recently built, full continuum assets in growing markets. As with our prior acquisitions in both Naples and Sarasota, the underlying fundamentals within this market and Senior Housing broadly are compelling and this remains a high priority theme for us as a firm,” said Tyler Henritze, Managing Partner at Town Lane.
The asset will continue to be operated and leased by Atlas Senior Living, a leading senior housing management company with expertise across the sector and an established footprint in Florida where it currently manages seven other communities.
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