News Release: MorningStar Senior Living, Confluent Senior Living Begin Construction on Happy Valley Community

MorningStar Senior Living, Confluent Senior Living Begin Construction on Happy Valley Community

Project Partners Begin Second Development in Metro Portland

Co-developers MorningStar Senior Living and Confluent Senior Living have broken ground on a new 83,300-square-foot senior living community in Happy Valley, Ore. Named MorningStar of Happy Valley, the development in the southeastern suburb of Portland will deliver 88 suites for assisted living and memory care residents and is planned to open in the summer of 2019.

Located on the south side of SE Sunnyside Rd., between SE 142ndAve. and SE 145th Ave., the infill project is situated on two acres and is located about three miles away from Interstate 205. The community will be accessible by public transit and bordered to the east by food-cart park Happy Valley Station, as well as located near shopping and entertainment destination Clackamas Town Center. The three-story MorningStar of Happy Valley community will offer 61 suites for assisted living and 27 suites devoted to the individualized care of residents with memory impairment in a mixture of studio, one-bedroom and two-bedroom units.

Marking the partnership’s second metro Portland development, the team is delivering its MorningStar of Beaverton community to area seniors this fall. The project represents the twelfth joint venture between affiliates of MorningStar Senior Living, a Denver-based senior living developer, owner and operator, and Confluent Senior Living, a subsidiary of Denver-based real estate investment and development firm Confluent Development. Confluent is the project owner and MorningStar will serve as the operator.

“We’re pleased to continue our growth in Portland,” said Marshall Burton, president and CEO of Confluent Development. “Happy Valley is one of the fastest-growing cities in the state, with the need for quality senior living also expanding. We are pleased to help deliver this state-of-the-art community, offering first-class amenities and resort-style living to local residents.”

Residents will enjoy three executive chef-prepared meals daily in restaurant-style dining; a 24-hour bistro with full bar; life enrichment room; private dining room for parties; spa; fitness and wellness center; massage/therapy room; salon; library and game room; theatre and chapel; housekeeping and linen service; community-wide Wi-Fi; and scheduled transportation. Planned outdoor amenities include expansive courtyards, featuring artwork and trellises, perimeter walking paths, resident gardening areas, and a barbecue with outdoor kitchen and fire pit. As their health dictates, assisted living residents will be offered personalized support with the activities of daily living through 24-hour staffing and full-time licensed nurses.

“MorningStar of Happy Valley is a prime example of the high-quality communities we’re proud to deliver alongside Confluent Development,” said Matt Turner, managing partner for MorningStar Senior Living. “We are confident that the community’s design, latest technology and convenient location will uniquely meet the needs of Happy Valley seniors and families.”

Local firms involved in the project include LRS Architects and LCG Pence Construction. Thoma-Holec Design, based in Mesa, Ariz., will serve as interior designer.

About MorningStar Senior Living:

Founded in 2003 by Ken Jaeger and headquartered in Denver, Colorado, MorningStar Senior Living is a fully integrated developer, owner and operator of premier retirement communities. Its portfolio encompasses over 30 communities and 4,000 units under operation or development throughout the United States. Offering independent living, assisted living and memory care, MorningStar is privileged to elevate life for those who taught the rest of us how to live. For more information, visit MorningStarSeniorLiving.com.

About Confluent Senior Living:

Confluent Senior Living is a national developer and investor of senior housing projects. Confluent Senior Living partners with a variety of industry-renowned senior living operators across the U.S. An expert in developing, buying and selling senior living communities, Confluent Senior Living has a national senior housing portfolio of award-winning communities. Confluent Senior Living is a subsidiary of Confluent Development, a Denver-based, full-service real estate investment and development firm that owns and develops ground-up commercial real estate throughout the United States. For more information, visit ConfluentSeniorLiving.com.

Media Contacts:

Lorna Lee | Vice President of Marketing & Communications,

MorningStar Senior Living

llee@morningstarseniorliving.com

Mobile: 720.505.9930

Andy Boian | dovetail solutions for Confluent Senior Living

aboian@dovetailsolutions.com

Office: 720.221.9211

Mobile: 303.868.0085

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