MorningStar Recapitalizes 168-Unit Las Vegas Senior Living Community
September 9, 2026
LAS VEGAS — MorningStar Senior Living has recapitalized MorningStar Senior Living at The Canyons, a 168-unit independent living, assisted living and memory care community in Las Vegas.
As part of the transaction, a joint venture of Confluent Development and Ovation Group sold the property to an unidentified private equity firm. MorningStar will remain the community’s operator and a joint venture partner.
JLL Capital Markets represented the seller and worked on behalf of the buyer to arrange a five-year acquisition loan through a debt fund.
MorningStar opened The Canyons in 2024 with co-developers Confluent Development and Ovation Group.
The four-story community includes studio, one-bedroom and two-bedroom residences across independent living, assisted living and memory care. Amenities include multiple dining venues, fitness and therapy areas, a salon, theater, swimming pool, walking paths and a central courtyard with outdoor dining.
The 3.67-acre property is at 490 S. Hualapai Way, adjacent to Summerlin. It is near Downtown Summerlin and Summerlin Hospital Medical Center and is about 20 minutes from the Las Vegas Strip.
MorningStar said the recapitalization will allow it to continue operating the community under a long-term management agreement.
Denver-based MorningStar develops, owns and operates senior living communities offering independent living, assisted living and memory care. The company said its portfolio includes more than 40 properties and more than 5,000 units under management or development in 12 states.
Do you have business news to share on Senior Living News? Contact us here.