Town Lane raises $1.25b for inaugural real estate investment fund

Town Lane, an opportunistic real estate investment firm, has held a final close for its inaugural fund, Town Lane Real Estate Opportunities Fund I, with $1.25 billion in total commitments.

The fund was oversubscribed and closed on its investor commitments in the first half of 2024 above its initial $1 billion target. Fund I is backed by institutional investors, including university endowments, charitable foundations, family offices and pension funds.

The fund is opportunistically focused throughout the United States with a flexible mandate across commercial real estate sectors and across the capital stack, leveraging the team’s deep expertise from prior leading investment institutions. Town Lane seeks to capitalize on the current complex and dynamic real estate investment environment catalyzed by higher interest rates.

Town Lane was founded by 19-year Blackstone veteran Tyler Henritze and co-founded by Parker Morse, his sister, who was previously at Sycamore P