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.
Rosenzweig stated that “Crescent Park showed exceptional stabilized performance throughout the pandemic and closed at the original contract price despite challenging capital markets.” Built in 2014, Crescent Park is situated on 5.74 acres of land along Coburg Road near Interstate 5 and SR-569 freeways; it is comprised of three stories spanning 116,000 square feet. The buyer was revealed to be a private equity real estate firm specializing in seniors housing investments.
