Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
New call-to-action
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Seattle & Northwest  + Portland  + Senior Housing  |  December 19, 2025
Jasmine Kilman
By: Jasmine Kilman

JLL Closes Sale, Financing of Portland Seniors Housing Property

JLL has completed the sale and financing for Morningstar at Happy Valley, an 87-unit assisted living and memory care community in Portland, Oregon.

JLL’s Seniors Housing Capital Markets team marketed the property on behalf of the seller, Confluent Development. Harrison Street, in partnership with The Springs Living, purchased the asset and will rebrand it as The Springs at Sunnyside.

JLL’s Seniors Housing Capital Markets team, representing the seller, was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig, Senior Directors Dan Baker and Jim Dooley and Director Dean Ferris. JLL Senior Director Alanna Ellis led the financing efforts on behalf of the buyer.

The Springs Living will operate the community. Additionally, JLL secured a five-year acquisition loan for the buyer with Huntington National Bank, a long-term relationship lender for Harrison Street. Completed in 2019, The Springs at Sunnyside offers 61 assisted living units across a mix of studios, one- and two-bedroom units, in addition to 26 private memory care units.

Read More News Stories About: JLL
Connect

Inside The Story

JLL

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
Order Reprints