Town Lane, in partnership with its senior housing platform Arcole Partners, has acquired Grand Living at Tuscan Lakes, a recently delivered senior living community in League City, Texas. The Class-A property is located about 30 miles southeast of downtown Houston and was marketed and sold as an institutional-quality asset.
Berkadia Seniors Housing & Healthcare brokered the transaction, representing the selling joint venture between Bow River Capital and Ryan Companies. The brokerage team of Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers completed the sale on behalf of the Bow River-Ryan Companies partnership.
Grand Living at Tuscan Lakes opened in 2023 and provides a full continuum of care within a single community. The property includes 186 units across independent living, assisted living and memory care, positioning it to serve a broad range of seniors with varying support needs.
The community was developed and brought to market by Bow River Capital and Ryan Companies, which partnered on both the development and disposition of the asset. Their joint venture delivered the project with a focus on luxury finishes, services and amenities intended to appeal to residents seeking higher-end senior housing options.
On-site amenities at Grand Living at Tuscan Lakes include multiple dining venues designed to offer residents choice and variety, as well as a 150-seat theater that can host events and entertainment. Wellness is supported by a spa and fitness center, and residents also have access to a library and lounge spaces for socializing and relaxation.
Outdoor features include a resort-style pool complemented by a hot tub, further enhancing the community’s lifestyle offering. These amenities are intended to support both active living and higher-acuity care in a single, integrated environment.
The acquisition marks Town Lane’s sixth senior housing investment through its inaugural $1.25 billion real estate fund in partnership with Arcole. By adding Grand Living at Tuscan Lakes to the portfolio, the Town Lane-Arcole platform continues to build scale in the senior housing sector while targeting recently constructed, amenity-rich assets.
While financial terms of the transaction were not disclosed, the trade underscores ongoing institutional interest in modern, Class-A senior living communities in growth markets such as the greater Houston area. The involvement of specialized seniors housing brokerage, capital and development firms highlights the continued maturation of the sector as a distinct institutional asset class.
