Town Lane, a real estate investment firm co-founded by Tyler Henritze, a 19-year veteran of Blackstone, has successfully closed its first fund at $1.25 billion. The Town Lane Real Estate Opportunities Fund I was oversubscribed and exceeded its initial target of $1 billion with the support of various institutional investors.
Henritze, who is currently serving as managing partner in New York-based Town Lane, stated that their goal is to take advantage of the current distressed state in commercial real estate by utilizing their team’s extensive experience and expertise over two decades. Their approach focuses on high conviction opportunities based on specific themes while prioritizing strong relationships with partners.
The company was founded jointly by Henritze and his sister Parker Morse who previously worked for Sycamore Partners for more than ten years. With an opportunistic strategy across different sectors and capital structures within the U.S., Town Lane aims to capitalize on the ever-changing landscape brought about by rising interest rates.
This news marks another success story for Connect CRE’s network as it continues to provide valuable insights into the world of commercial real estate investing.
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