New York Company Purchases Senior Living Community in Venice

Key Information

• Buyer: Town Lane, a New York real estate investment firm
• Property: The Goldton at Venice, a senior living community
• Seller: Venice Health Partners LLC (DMK Development Group)
• Transaction Date: Mortgage assumed on August 14, 2025
• Mortgage Amount: $25.71 million
• Community Size: 167 units (independent living, assisted living, memory care)
• Opening Year: 2023
• Location: 108 Bella Verde Blvd, Venice, FL
• Operator: Atlas Senior Living
• Prior Acquisitions: Discovery Village Sarasota Bay and Discovery Village Naples
• Investment Firm Founders: Executive from Blackstone and a finance expert from Sycamore Partners

Town Lane, a New York real estate investment firm, has made headlines with its recent acquisition of The Goldton at Venice in an off-market transaction. This senior living community was sold by Venice Health Partners LLC, affiliated with its developer, DMK Development Group from Louisville, Kentucky. Financial details surrounding the deal have yet to be disclosed.

As of August 19, Sarasota County records indicate that while property records are not up to date, the buyer took on a $25.71 million mortgage from Venice Health Partners on August 14.

This marks Town Lane’s third senior living community acquisition in the region. Earlier this summer, they purchased Discovery Village Sarasota Bay for $44.4 million and Discovery Village Naples for $38.6 million. Notably, Discovery Village Sarasota Bay opened in 2022, with Discovery Village Naples following in 2020.

The Goldton at Venice features 167 units equipped for independent living, assisted living, and memory care, officially opening in 2023. The community offers an array of amenities, including fitness and rehabilitation facilities, a swimming pool, a theater, and more.

Tyler Henritze, Managing Partner at Town Lane, expressed that the acquisition adds a valuable, well-located senior housing asset to their growing portfolio. He emphasized the firm’s commitment to investing in recently built, high-quality facilities in expanding markets.

Situated at 108 Bella Verde Blvd., The Goldton at Venice is located in a market expected to experience nearly 20% growth among residents aged 75 and older in the coming years. Town Lane notes a robust net in-migration trend in the area.

Henritze further stated, “As with our previous acquisitions in Naples and Sarasota, the market fundamentals and opportunities within senior housing are strong and remain a top priority for us.”

Atlas Senior Living, a senior housing operator based in Alabama, will manage The Goldton at Venice. This company currently oversees eight senior living communities across Florida.

Founded in 2024, Town Lane has quickly established itself, raising $1.25 billion from institutional investors. The firm is led by a former Blackstone executive and a finance expert from Sycamore Partners, with Gibson Dunn LLP providing legal counsel for this acquisition.