INSPIRIT Senior Living Announces Acquisition Upstate Community in South Carolina

Friday, January 24, 2020 (McLean, VA) – Inspirit Senior Living (“Inspirit”), a nationally-honored leader in the assisted and senior living field, has acquired a senior living community in South Carolina. Formerly operated by Brookdale Senior Living, this new Inspirit Senior Living community is now recognized as The Parker in Greenville SC. Inspirit formed a joint venture with Venue Capital LLC (“Vencap”), an investment and asset management firm that partners with premier regional operators to provide exceptional experiences for residents while enhancing value for investors.
Inspirit plans to immediately begin renovations, that will be highly customized to reflect the community’s distinctive characteristics.
The Parker (formerly Brookdale Cleveland Park), located at 12 Boyce Avenue, Greenville, SC 29601, is attractively designed and located on over three acres in Greenville’s prestigious, historic downtown - only walking distance to some of Greenville’s center city attractions and restaurants. Resident amenities will feature a therapy/fitness center, library, beauty/barber shop, wine bar café, and beautiful outdoor dining.
Like other Inspirit communities, the South Carolina property will offer independent living, assisted living, and Inspirit’s Sage Program, which is specifically designed for the memory impaired. The Sage Program’s mission is to honor our residents — creating meaningful interactions, in safe hands, while working within our residents’ memories and abilities.

Dave McHarg, Chief Executive Officer of Inspirit, said, “We are excited about the opportunity to expand our regional footprint with these communities in South Carolina. Inspirit is proud to add this community to our growing family of properties, and we are honored to work with the dedicated and highly skilled local teams to deliver an even better experience to our residents."

Michael Goldberg, Chief Executive Officer of Vencap added, "Vencap is thrilled to expand its relationship with Inspirit with the acquisition of this community located in a vibrant market with attractive demographics for seniors. Vencap believes that properties like The Parker and operators like Inspirit provide a model for how senior living can work at its best."

ABOUT INSPIRIT SENIOR LIVING
Inspirit Senior Living is an owner/operator of senior living communities in the Mid-Atlantic, Midwestern and Southern regions of the United States. Founded in 2015 by some of the senior-care industry’s most respected leaders, Inspirit aims to identify under-performing struggling communities and to acquire, modernize, and professionalize them, taking advantage of the network’s economies of scale while preserving each property’ s home-like atmosphere and the individual attention to each resident that defines a successful senior living experience. Inspirit is committed to be a force for good in every community where it operates, creating good jobs, contributing to the local economy, and above all, providing senior care that respects the dignity and gifts of every resident. For more information, visit inspiritseniorliving.com