EUGENE, Ore. – April 20, 2023 – Cushman & Wakefield announced today that the real estate services firm has arranged the sale of Crescent Park, a 119-unit independent living community located at 2951 Coburg Rd in Eugene, Oregon.
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, in the transaction. The property was acquired by Inspired Healthcare Capital for $35 million (approximately $294,117 per unit).
“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 modern three story, 116,000-square -foot community on 5.74 acres. The property offers a great mix of studio, one-bedroom, and two-bedroom units and high-quality amenities and scenic views. The community is conveniently located along Coburg Rd near the confluence of Interstate 5 and SR-569 freeways.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 52,000 employees in over 400 offices and approximately 60 countries. In 2022, the firm had revenue of $10.1 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Cushman & Wakefield’s National Senior Housing Capital Markets team was established in 2011 and advises top institutional owners, developers and operators on equity, debt and investment sales throughout the United States. Located in Boston and Southern California, the team is led by Rick Swartz, Jay Wagner, and Aaron Rosenzweig, the team includes a total of 12 professionals. The team is consistently ranked amongst the top senior housing brokerage groups in transaction value and has executed over $10 billion in transactions.
