PHOENIX, AZ (April 15, 2026) — MorningStar Senior Living announces an expanding relationship with Clarion Partners, a leading real estate investment company and specialty investment manager of Franklin Templeton, in support of its acquisition of Golden Ridge community, a premier Class-A senior housing property located in Peoria, Arizona. The transaction further advances Clarion Partners’ strategy of investing in high-quality senior housing communities alongside exceptional operating partners in demographically advantaged markets.
Says Jamie Ranzan, President & Chief Investment Officer of MorningStar, “We’re pleased to strengthen our partnership with Clarion Partners through this acquisition. The transition of Golden Ridge from one leading ownership group to another best-in-class partner ensures continuity in quality while enabling MorningStar to further enhance the resident experience.”
MorningStar opened this 144-unit independent living, assisted living and memory care community in 2019, a campus that includes 38 free-standing casitas. It offers a continuum of care and delivers a comprehensive resident experience tailored to evolving lifestyle and healthcare needs, including high-quality interior finishes, multiple dining venues, fitness and therapy spaces, landscaped courtyards, and a variety of social and wellness areas designed to promote engagement and comfort. The property also benefits from proximity to retail and medical services as well as convenient regional connectivity, enhancing both resident quality of life and accessibility for families.
“We are pleased to add this high-quality senior living community in the Phoenix area to our growing healthcare portfolio, “said Julie Robinson, Clarion Partners Head of Healthcare. “This acquisition reflects not only the strength of this individual asset, but also our broader conviction in the senior housing sector. It represents the latest in an active pipeline of opportunities where we see compelling fundamentals and the ability to deliver long-term value.”
Today it maintains nearly full occupancy, a testament to prioritizing servant-leadership, proprietary programming, and the array of standards that have made MorningStar a well-respected brand in senior housing for the last 22 years.
The collaboration of MorningStar and Clarion Partners reflects their shared commitment to today’s seniors through operational excellence and outstanding resident service. Ranzan added, “Together we’re bringing even greater strength and innovation toMorningStar at Golden Ridge — as we elevate life for those who taught the rest of us how to live.”
About MORNINGSTAR SENIOR LIVING
An integrated developer, owner and operator of premier retirement communities, MorningStar’s portfolio encompasses 38 properties under operation or development representing 5,000+ units under management or in development in 11 states in the Midwest and Western 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, visit MorningStarSeniorLiving.com.
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