ATLANTA and NEW YORK CITY — Town Lane and Kelly Sheehy will launch a new seniors housing platform. Dubbed Arcole, the platform will be led by managing partner Sheehy and based in Atlanta.
In partnership with New York City-based Town Lane, Arcole will target value-add and opportunistic senior living acquisitions across the country.
Sheehy, who previously served as senior managing director and co-portfolio manager of Artemis Real Estate Partners’ healthcare fund platform, brings more than 20 years of seniors housing experience to the new venture.
“Arcole, in partnership with Town Lane, will have the resources and access to significant capital to compete and close on compelling opportunities,” says Sheehy. “This relationship combines Town Lane’s long-term vision and strategic capital with Arcole’s experience and specialized operating expertise.”