Seattle & Northwest + Oregon + Senior Housing | April 21, 2023

Cushman & Wakefield arranged the sale of Crescent Park, a 119-unit independent living community located at 2951 Coburg Rd in Eugene, OR

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.

Connect

Inside The Story

Cushman & Wakefield's Rosenzweig

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints