Inspired Healthcare Capital LLC, a private equity firm specializing in senior housing investments, announced the full cycle event of its inaugural development fund in Creswell, Ore.
This full cycle event comes just two years after the fund – Inspired Senior Living of Creswell Development, LLC – launched in January 2023 as a $5.93 million offering. The fund comprises a 48-unit assisted living and memory care ground-up development located in Creswell, just 15 minutes south of Eugene.
“This is especially rewarding to see Creswell go full cycle because of the exceptional work of our in-house development and construction companies,” said Luke Lee, chief executive officer of Inspired Healthcare Capital. “We also shortened the timeframe of the fund compared to many traditional development funds. This meant a significant amount of time and effort was put in years prior to the fund’s launch date.”
This full-cycle event translates to an attractive 14% internal rate of return, compounded annually for fund investors. Investors’ principal and returns are scheduled to be paid out on the two-year anniversary of each investor’s start date, starting Jan. 30, 2025.
“We are excited to share this full cycle event, knowing that this is just the beginning for senior housing developments within the [Inspired Healthcare Capital] portfolio,” said Patrick Lam, president of capital markets and national sales manager for Inspired Healthcare Capital. “We believe that the next 10 years will be marked by an extreme need for senior housing units, and our goal is to help fill that and provide investors the same opportunity to do so.”
Inspired Healthcare Capital LLC is an alternative investment sponsor managing assets exceeding $1.6 billion. Its lineup of investment offerings includes Delaware statutory trusts, income funds, and development funds.
Previously, Inspired Healthcare Capital Fund successfully acquired 10 assisted living properties, including assets in the northwest and two other properties: The Lodge in Montana and the Holiday of Glendale in Arizona. The fund was a partial stakeholder in the Holiday of Glendale, which full-cycled in December 2021. The payout for the rest of the fund was in March 2024. According to the company, it translated to a 15.23% IRR for all 240 investors in the fund.
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