Health Wave Partners announced it has acquired MorningStar Senior Living of Parker, a Class A senior housing campus located in Parker, Colorado, a suburb within the Denver metropolitan area. The transaction aligns with the Chicago-based investment platform’s strategy of acquiring high-quality senior housing communities and partnering with established operators in demographically favorable markets.
MorningStar of Parker is a 191-unit community offering a full continuum of senior care services. The campus features multiple dining venues, fitness and therapy areas, landscaped courtyards, and a range of social and wellness spaces designed to support resident engagement and well-being. The property is also located near retail destinations and healthcare providers, with convenient regional access that helps support both residents and visiting family members.
Originally developed by MorningStar Senior Living, the community opened its first building in 2012 and expanded twice in the following years, in 2014 and 2016. The property has maintained near-full occupancy, reflecting strong demand and operational performance. Health Wave Partners noted that the acquisition builds on its strategy of targeting high-quality, institutionally operated assets and working alongside experienced operating partners.
Health Wave Partners is a Chicago-based senior housing investment platform backed by a strategic partnership with Macquarie Asset Management. The firm focuses on acquiring senior living communities with strong fundamentals while collaborating with experienced operators to support long-term performance and growth.
MorningStar Senior Living is an integrated developer, owner, and operator of retirement communities. The company currently has a portfolio of 38 properties either operating or under development, representing more than 5,000 units across 11 states in the Midwest and Western United States. Its communities provide independent living, assisted living, and memory care services.
KEY QUOTES:
“MorningStar of Parker exemplifies the type of high-quality, institutionally operated assets we seek to own. We are excited to partner with MorningStar, a Denver-based operator with deep local expertise and a strong regional brand. The community’s strong operating performance, led by a seasoned leadership team and prime infill location position it well for sustained growth.”
Philip Kayden, Chief Investment Officer, Health Wave Partners
“We are thrilled to launch our relationship with Health Wave Partners through their acquisition of our Parker community. MorningStar of Parker will benefit by transitioning from one best-in-class owner to another, enabling us to bring the full value of service excellence to residents. We are blessed to work alongside Health Wave Partners as we expand our respective portfolios.”
Jamie Ranzan, President And Chief Investment Officer, MorningStar Senior Living
