WEST DES MOINES, Iowa, BEAVERTON, Ore., and SANTA FE, N.M. — Confluent Senior Living, a subsidiary of Denver-based real estate investment and development firm Confluent Development, has sold three of its MorningStar-branded communities.
Confluent Senior Living co-developed each community with its operating partner MorningStar Senior Living. MorningStar will maintain its role as operator for the communities. CBRE brokered the deal on behalf of Confluent Senior Living.
In West Des Moines, the MorningStar at Jordan Creek community opened in March 2018. The 71,000-square-foot community provides 85 assisted living and memory care suites.
Located in the Portland suburb of Beaverton, the MorningStar of Beaverton community opened in November 2018. The 97,000-square-foot community features 104 suites for assisted living and memory care.
MorningStar of Santa Fe opened in January 2019. The 71,000-square-foot development includes 85 assisted living and memory care suites.
The buyer and price were not disclosed.
Confluent Senior Living’s portfolio includes 20 total communities in 10 states across the country. The developer has five more communities currently under construction and five in the design and entitlement phase. Confluent and MorningStar have partnered on 12 total projects in five states.