CRH Northwest is a real estate investment and management company based in Bend, Oregon. We were formed in 2007 by experienced developers, builders, and businessmen and currently operate over 200 and licensed care apartments throughout the Pacific Northwest. We are proud of our consistent operational success, our smart transactions, and our dedicated team of professionals who provide excellent housing and care for our residents.
CRH Northwest is built on the cornerstone of strong work ethic, wise decision-making, and improving the quality of life for partners, employees and residents. We are a “people first” company which values relationships and trust above all. We believe in the Golden Rule, and therefore our success is a result of a long history of trust-building and management expertise.
Our management team is comprised of compassionate, devoted professionals who believe in the principals of servant leadership. With over thirty years of combined senior care experience in the Pacific Northwest, CRH Northwest management has the tools to meet the needs of the Northwest’s unique seniors and specific needs population.
Regarding our investment philosophy, we are navigating today’s tumultuous market carefully, applying conservative forward looking assumptions and using strict underwriting criteria. Projected occupancy rates, rent rates, and operating expenses are appropriately adjusted for the economic realities, which results in conservative NOI growth and realistic operating costs. Additionally, we valuate using acquisition and exit cap rates typical of historical norms. We stress test our assumptions to such a degree that investments should cash flow even if the market recovery lags for several more years.
The History of CRH Northwest
We were formed in 2007 as Cornerstone Asset Management LLC by experienced developers, builders, and businessmen to acquire three multifamily properties in Oregon. In 2009, we expanded the company to both acquire and manage properties as Cornerstone Realty Holdings LLC. Shortly after, through a network of trusted industry relationships, we transitioned our focus to licensed care facilities, namely Assisted Living communities. As CRH Northwest, we are focused specifically on these unique opportunities in the Pacific Northwest and utilizing our acute understanding of the senior living industry and extensive network of real estate professionals in our region.
The principals and advisors of CRH Northwest together have over 100 years of real estate experience including development, acquisitions, management, and sales of commercial and residential properties. In addition, we have deep operating experience and success in the turnaround of distressed real estate, working with a select group of professional property management firms.