Town Lane and Arcole Acquire Amavida at Lakes Park in Florida

Town Lane and Arcole, two real estate investment firms headquartered in New York and Atlanta respectively, have completed the acquisition of Amavida at Lakes Park, a senior living community located in Fort Myers, Florida, according to an announcement released Wednesday.

The deal marks another move by private real estate capital into the senior housing sector, a segment that has attracted growing investor interest as the U.S. population ages and demand for purpose-built retirement communities continues to climb. Amavida at Lakes Park is situated in the Fort Myers market, one of Florida's fastest-growing metro areas and a longstanding destination for retirees.

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While financial terms of the transaction were not disclosed, the joint acquisition signals a strategic alignment between Town Lane and Arcole to pursue assets in the seniors housing space. The partnership between a New York-based and Atlanta-based firm suggests a broad geographic investment mandate targeting high-demand Sun Belt markets.

Fort Myers has emerged as a compelling market for senior housing investment following years of strong in-migration from northern states, a trend accelerated during and after the pandemic. Assets in established, amenity-rich communities like Lakes Park are increasingly sought after by institutional investors looking to capitalize on demographic tailwinds.

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