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Seattle & Northwest  + Washington  + Senior Housing  |  July 31, 2025
Jasmine Kilman
By: Jasmine Kilman

Ventas Acquires $54M Senior Living in Everett

MorningStar Senior Living announced a new relationship with Ventas, Inc., with Ventas acquiring a 148-unit complex in Everett for $54.7 million.

“We are thrilled to launch our relationship with Ventas through their acquisition of our beautiful Silver Lake community,” said Jamie Ranzan, President & Chief Investment Officer of MorningStar. When MorningStar assumed management of this 148-unit independent and assisted living community in 2021 it was census-challenged. Today it maintains nearly full occupancy.

Ventas bought the property from Artemis Real Estate Partners. Artemis acquired the property at 520 112th St. SW in 2018 for $30.3 million, and MorningStar began operating the facility in 2021, reported the Puget Sound Business Journal.

The complex, developed in 2002, totals 155,600 square feet. It has a mix of assisted living and independent living units, including 95 one-bedroom units, 49 two-bedroom units and four studios.

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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.
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