MorningStar of Happy Valley_Property for Sale
MorningStar of Happy Valley_Property for Sale
14391 Southeast Princeton Village Way, Happy Valley, OR, 97015, US

MorningStar of Happy Valley

Asset description

MorningStar of Happy Valley is a premier assisted living and memory care community located in the desirable Happy Valley submarket of Portland, Oregon. The Community offers a picturesque suburban setting with easy access to urban amenities, making it an attractive place for their residents. MorningStar of Happy Valley is comprised of 87 Class-A assisted living and memory care units that were delivered in 2019 on a 1.96 acre parcel.


There is further upside in the Property’s final push to stabilized occupancy. The Property also provides an investor with substantial upside at a discount to replacement cost in one of the most premier destination states in the nation for retirees. The Community is offered unencumbered by management and free and clear of debt.


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Attributes

Year built
2019
Units
87
Building area gross
7,739 sm
Land area gross
0.79 ha
Building class
A

Media

Investment highlights

Class A Real Estate

  • The Community represents a recent delivery as it was built in 2019
  • The Property has top tier amenities and outperforms its competition in terms of quality and service
  • Located in the attractive submarket of Portland, the Property underwent strategic site selection by its experienced development team


Industry Leading Operator

  • MorningStar Senior Living is a premier senior housing operator that is nationally recognized for leading resident service and has an impeccable reputation in the Portland market
  • MorningStar has stronghold portfolios in Portland and embedded operational efficiencies in the region
MorningStar of Happy Valley 4_Property for Sale
MorningStar of Happy Valley 4_Property for Sale

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MorningStar of Happy Valley (0 Properties)

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Last updated
Apr 9, 2025