MorningStar Senior Living announced an expanding relationship with Clarion Partners, a 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, Ariz. The transaction further advances Clarion Partners’ strategy of investing in high-quality senior housing communities alongside exceptional operating partners in demographically advantaged markets.
“We’re pleased to strengthen our partnership with Clarion Partners through this acquisition,” said Jamie Ranzan, president and CIO at MorningStar. “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
