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Blackstone Veteran’s Inaugural RE Fund Closes at $1.25B
Town Lane, an opportunistic real estate investment firm co-founded by 19-year Blackstone veteran Tyler Henritze, closed its inaugural fund at $1.25 billion. Backed by a diverse group of institutional investors, Town Lane Real Estate Opportunities Fund I was oversubscribed and closed above its initial $1-billion target.
“Within the backdrop of ongoing distress in commercial real estate, Town Lane was formed to pursue high conviction, thematically oriented opportunities leveraging the team’s 20+ years of pattern recognition and to do so within a more aligned, relationship-centric model,” said Henritze, who serves managing partner of New York-based Town Lane.
Henritze co-founded Town Lane with his sister, Parker Morse, who was previously at Sycamore Partners for more than a decade. Town Lane is opportunistically focused throughout the U.S. with a flexible mandate across commercial real estate sectors and across the capital stack. It seeks to capitalize on the current complex and dynamic real estate investment environment catalyzed by higher interest rates.
- ◦Sale/Acquisition
- ◦Financing
