Reimagining Senior Living
Founded in 2003 by Ken Jaeger, MorningStar Senior Living is a leading developer and operator of premier communities within the senior living landscape, headquartered in Denver, Colorado.
MorningStar’s portfolio encompasses over 25 communities and 3,000 units under operation or development, with an ownership interest in the majority. Whether for a new build, acquisition or turnaround property, MorningStar consistently delivers operating margins above industry norms and exceptional overall returns to investors and partners.
MorningStar’s footprint is geographically diverse, yet, with communities clustered in the Western U.S., our executive leadership can support local operations with a significant degree of touch and an array of centralized resources.
Offering independent living, assisted living and memory care, MorningStar is privileged to elevate life for those who taught the rest of us how to live.
Ken Jaeger founded MorningStar Senior Living on a basic, but profound truth: to honor God in all aspects of our business practices and relationships, which transcends to a superior quality of life for MorningStar’s residents. With a principled approach and adherence to our original mission, MorningStar has enjoyed prodigious growth since inception. As a reflection of that success, Ken was named a recipient of the prestigious EY Entrepreneur Of The Year 2016 award in the Mountain Desert region in the Healthcare and Lifesciences category.
Ken brings over 25 years of operational experience in the senior living industry, including successful startups, acquisitions, turnaround of distressed properties and multi-site leadership. Earlier in his career, he held executive level positions where he was responsible for operating 50 communities in the western United States. From 1998 to 2002, Ken served as
VP of Operations for Sunrise Senior Living, where he was responsible for the successful startup of 17 new communities.
Heavily involved in serving the poor around the world, he has given much of his time and resources over the last nine years to building and funding an orphanage in Nicaragua. Read more at Serving Globally. Ken attended University of Minnesota at Moorhead where he received a Bachelor of Science degree in Community Health Care.
Matt Turner joined MorningStar Senior Living in 2009 as Chief Financial & Development Officer, a position he held until 2016. Ken and Matt share a passion for service to seniors and to underprivileged populations throughout the world, and their complimentary skills have helped propel MorningStar to national prominence as an integrated developer, owner and operator of first-class senior living. In 2011, Matt formed Ovation, MorningStar’s affiliated real estate investment and development company. Matt has overseen the growth of MorningStar’s portfolio from 490 units in four operating properties to nearly 3,000 units in over 25 operating and pipeline properties throughout the country. Prior to MorningStar, Matt held a senior position for a real estate development company focused on senior living, where he was responsible for a team covering asset management, capital structuring, underwriting, disposition activities, corporate finance and investor relations.
Raised in Southern California, Jamie Ranzan enthusiastically relocated to Colorado in 2016 to join MorningStar’s mission of honoring God in our business practices and relationships, eager to be part of a company whose core values aligned with her own.
Jamie is quick to credit her grandparents for the formation of her character. From these beloved seniors did she discover a greater calling, far beyond spreadsheets and numbers, to serve with passion and compassion. Through Grandmother Jane’s 10-year struggle with Alzheimer’s, Jamie knows keenly how devastating this disease is to the entire family. Not a day goes by in which she doesn’t draw inspiration from the amazing soul who was (and is) Jane Riley.
Jamie began her career as an auditor in the real estate group of Ernst & Young. In those early years, she worked in various aspects of the real estate
industry: residential, development, land acquisitions and senior living. In finding senior living, Jamie found her passion, an industry in which she could fully invest her skills to improve the lives of seniors. At KBS Realty Advisors in Newport Beach, she helped manage $1.8B in assets across the United States. Before joining MorningStar, Jamie was CFO/VP of Corporate Finance for a senior living company in Southern Cal, responsible for all matters concerning accounting, finance, insurance, tax and compliance.
Ann Esposito’s 35-year career in senior living first took shape as a small child when she began a tender relationship with a frail couple who lived next door. “I would visit the O’Briens often, and we became the best of friends. I liked their sweets, their stories, and their style of dress, grammar and hospitality. What better teachers could a six-year-old have? And I knew I was bringing them ‘magic’ by the way they lit up when I walked through their door.”
Ann’s first experience with hands-on personal care was as a soldier assigned to working with military vets at Sam Houston Hospital in San Antonio. Immediately upon honorable discharge, she enrolled in one of the country’s first university-level programs for the care of older adults at Kent State, earning her B.A degree in Gerontology.
In the years that followed, she invested her skills as a senior executive in Skilled Nursing Facilities; Acute Rehabilitation Hospitals; Behavioral Health
Centers; Continuing Care Retirement Campuses; and Independent, Assisted and Memory Care Communities.Centers; Continuing Care Retirement Campuses; and Independent, Assisted and Memory Care Communities.
She joined MorningStar in 2013, seeing its mission and philosophy as an ideal setting in which to continue elevating the lives of older adults.
Brandon Lesniak joined MorningStar in 2017 as Senior Vice President of Investments, bringing 14 years of senior living experience in development, acquisitions, capital structuring, underwriting and asset management. In his career, he’s operated and/or managed over $4 billion of real estate assets, 500+ communities and 15+ developments across the US.
“I want to be part of more than a thriving business enterprise. My personal values insist upon it. MorningStar is on such a course. The company makes its priorities clear; upfront, it’s about honoring God. The mission of MorningStar is lived out with authenticity and integrity. It’s put into action. That’s rare, and that struck me at my core.”
His introduction to senior living started with HCR-ManorCare working in marketing and operations at the communities before expanding to a regional role throughout the Midwest. “While I enjoyed the business model of
post-acute and long-term care, what impacted me most was seeing the goodness of people, caregivers going above and beyond to do the right thing and become family to the residents. That was inspiring. I knew this was where I wanted to invest my own skills.”
Brandon then joined Welltower (formerly Healthcare REIT) as Vice President of Investments where he led a team from underwriting through asset management resulting in $3 billion of real estate assets and 400+ properties over a five-year span. The following two years Brandon served as Vice President for PNC Real Estate, and prior to joining MorningStar, Brandon served as Senior Vice President of Senior Living and Healthcare for Kirco, a family owned commercial real estate firm. Brandon has a Bachelor’s Degree in Economics from Michigan State University and earned an MBA from the University of Detroit–Mercy.
With MorningStar’s resolve to be defined as a company of high integrity and character, we have partnered with Strata Leadership, a leadership development company based in Oklahoma City. Strata help leaders around the world build and shape their organization’s culture by providing assessments, cultural analyses, executive coaching and training programs that contemplate
the essential role of Character, Consistency and Competence in decision-making. Strata helps improve the quality of life in the workplace by equipping leaders with the tools needed to provide real-world solutions.
7555 E Hampden Ave, Suite 501 | Denver, Colorado 80231
Phone: (303) 750-5522 | Fax: (303) 750-3376