Town Lane closed its second real estate fund, Town Lane Real Estate Opportunities Fund II, at its $1.9billion hard cap.
Fund II exceeded its $1.5 billion target, up from the $1.25 billion raised for Fund I in 2024.
Investors include university endowments, charitable foundations, family offices and pension funds,with strong participation from existing investors.
Founded in 2024 by Tyler Henritze, a 19-year Blackstone Real Estate veteran, and his sister ParkerMorse, a former Sycamore Partners executive, Town Lane has grown to more than 20 professionals.
Fund II will pursue opportunistic investments across US commercial real estate sectors andthroughout the capital stack.
The strategy combines operating platforms in high-conviction themes with the flexibility to capitalizeon market dislocations.
Target sectors include senior housing, necessity retail, small-format industrial and powered-shell datacenters.
Founder and Managing Partner Tyler Henritze highlighted the advantage of deploying fresh capitalamid increasing market dislocation, supported by a nimble team and flexible mandate.
Co-Founder and COO Parker Morse emphasized continued investor support and a focus on valuecreation to deliver differentiated returns.
