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Inspired Healthcare Capital Breaks Ground on $20.8 Million Property

Inspired Healthcare Capital Breaks Ground on $20.8 Million Property. 1031 Exchange, alternative investing, alternative investment, and memory care facilities, assisted living, Delaware statutory trust, DST, independent living, Inspired, Inspired Healthcare Capital, private equity, private placement, Reg D, Regulation D, Senior Housing
Inspired Healthcare Capital Breaks Ground on $20.8 Million Property. 1031 Exchange, alternative investing, alternative investment, and memory care facilities, assisted living, Delaware statutory trust, DST, independent living, Inspired, Inspired Healthcare Capital, private equity, private placement, Reg D, Regulation D, Senior Housing

Inspired Healthcare Capital LLC, a private equity firm specializing in senior housing investments, announced the start of construction on Winery Lane, a 48-unit assisted living and memory care development in Roseburg, Oregon with an approximate project cost of $20.8 million.

Development of the project has been funded in part by proceeds raised via a $10 million private placement offering launched in June 2023.

Inspired Healthcare Capital says the Roseburg community will be nearly identical in design to the company’s project in nearby Creswell, which features two sister buildings, one dedicated to assisted living and one dedicated to memory care. The company has partnered with their affiliates, NSite Development, Lucas Construction, and Volante Senior Living on the project. Upon completion, the company says Volante will assume operations of the community. Volante currently operates 23 communities in 11 states, with more than 2,200 units under their care.

“We are thrilled to have broken ground on our second development program in the last 60 days,” said Patrick Lam, president of capital markets. “We look forward to the next development offerings, which are similar in structure to these first two. There are currently six development offerings in the pipeline for 2024.”

Inspired Healthcare Capital LLC is an alternative investment sponsor that focuses on senior housing and has more than $1.3 billion in assets under management. Their investment offerings include Delaware statutory trusts, income funds and development funds.

 

For more Inspired Healthcare Capital news, please visit their directory page.