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12/29/25
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Harrison Street, in partnership with The Springs Living, has purchased Morningstar at Happy Valley, an 87-unit assisted living and memory care community in Portland. The Springs Living will operate the community, which has been rebranded as The Springs at Sunnyside.
Completed in 2019, The Springs at Sunnyside is located at 14391 SE Princeton Village Way. The property consists of 61 assisted living units across a mix of studios, one- and two-bedroom units, in addition to 26 private memory care units.
The three-story building offers residents all-day restaurant-style dining, a 24-hour bistro, chapel, theater, library, general store, massage room, outdoor courtyards, bbq and fire pit, beauty salon, fitness room and raised garden beds. Services on site include wellness programs and activities, a full-time licensed nurse, 24-hour care staff and scheduled transportation.
The property is located in Happy Valley, an affluent suburb of Portland. The surrounding community boasts impressive demographics with strong growth potential for senior housing.
Jay Wagner, Rick Swartz, Aaron Rosenzweig, Dan Baker, Jim Dooley and Dean Ferris with JLL’s Seniors Housing Capital Markets team represented the seller, Confluent Development. Alanna Ellis, also with JLL, secured a five-year acquisition loan for the buyer with Huntington National Bank.
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