Private Equity Firm Snags Oregon Independent Living Community
Inspired Healthcare Capital has paid $35 million to acquire Crescent Park, a 119-unit independent living community located at 2951 Coburg Rd in Eugene, OR. Cushman & Wakefield’s Rick Swartz, Jay Wagner, Aaron Rosenzweig and Dan Baker represented the seller, an investment management firm with a focus on alternative assets including seniors housing.
“Crescent Park showed exceptional stabilized performance throughout the pandemic and closed at the original contract price despite challenging capital markets,” said Rosenzweig.
Built in 2014, Crescent Park is a three story, 116,000-square-foot community on 5.74 acres. The community is conveniently located along Coburg Road near the confluence of Interstate 5 and SR-569 freeways. The buyer is a private equity real estate firm focused on seniors housing.