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MorningStar Senior Living Celebrates Grand Opening of Old Town Community in Fort Collins

Home - In the News - MorningStar Senior Living Celebrates Grand Opening of Old Town Community in Fort Collins

MorningStar Senior Living Celebrates Grand Opening of Old Town Community in Fort Collins

FORT COLLINS, CO (July 17, 2024) — Co-developers MorningStar Senior Living, a fully integrated developer, owner and operator of premier retirement communities, and Haselden Real Estate Development have completed MorningStar at Old Town in Fort Collins, CO. MorningStar and Haselden partnered with local landowner and developer, J.D. Padilla, to create a unique, urban senior living experience in the heart of Old Town Fort Collins.

Located at 360 Tenney Court in Fort Collins at the corner of College Avenue and Cherry Street, this property delivers 160 units for independent living, assisted living and memory care in a four-story luxury residential building.

To celebrate the grand opening, project partners hosted an inaugural reception at the property in June with a ribbon-cutting led by Founder/CEO Ken Jaeger (pictured with Executive Director Candice Salas).

Expertly blending the signature architecture of Old Town, the project has set a new standard for senior living on the Front Range. A departure from the suburban senior community, MorningStar at Old Town is a mixed-use urban development rarely seen outside of major markets like New York, Los Angeles and Chicago.

Residents have walkable access to the shopping, restaurants and the craft culture of the historic district with Colorado State University up the street. Complementing the senior living space is first floor retail, another draw in this dynamic intergenerational area.

“We are pleased to open the second MorningStar in Fort Collins, our first on Lochwood Drive having opened in December 2015,” said Jaeger. “All of our homes are acclaimed for their graciously appointed spaces that foster community where residents can thrive spiritually, physically, intellectually and socially. With the opening of MorningStar at Old Town in our 21st year of service to seniors, we usher in a whole new concept in luxury retirement.”

“This Colorado project is another example of the first-class innovation in senior living we are proud to deliver alongside our development and investment partners,” said Matt Turner, Managing Partner of MorningStar. “We are confident that MorningStar’s purpose-built design and ideal location, together with our unique brand promise, will meet the needs of Fort Collins seniors and families for years to come.”

Resort-style amenities include an indoor pool, fitness center, therapy space, theatre/chapel and wine tasting room. The Sky Terrace, patios and courtyards offers serene outdoor space. Architectural photos attached.

The property was developed under “Whole Health Standards,” a holistic approach to the latest in healthy building technologies while enhancing resident physical and mental wellness, safety, comfort and quality of life. As health conditions dictate, assisted living residents are offered personalized support in the activities of daily living through 24-hour staffing and full-time licensed nurses.

The company’s vision to love and honor is not limited to senior communities. The MorningStar Foundation supports philanthropic initiatives in local neighborhoods and around the world, giving residents the opportunity to become part of something bigger and continue contributing to the broader neighborhood.

Project partners were Hord Coplan Macht (architect), Haselden (general contractor) and Thoma-Holec (interior designer).

Private tours are available by calling (970) 900-1090 or visit MorningStarOldTown.com

About MORNINGSTAR SENIOR LIVING

An integrated developer, owner, and operator of premier retirement communities, MorningStar’s portfolio encompasses over 40 properties under operation or development representing 5,000+ units under management or in development in 11 states in the Midwest and Western United States. 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. For more information, visit MorningStarSeniorLiving.com.

About HASELDEN CONSTRUCTION AND REAL ESTATE DEVELOPMENT

For over four decades, Haselden Construction has provided exceptional, client-centric construction and real estate development services to discerning commercial clients in Colorado, Wyoming and the Western region.  Haselden Real Estate Development has created value across a broad range of asset classes, including Senior Housing, Multi-family Housing Office and Retail.  Haselden has partnered with a variety of experienced operators to deliver thoughtful, sustainable, primarily urban infill projects. The company is celebrating 44 years in business this year.   For more information, visit Haselden.com.

Media Contact:
Lorna Lee | Vice President of Marketing & Communications
MorningStar Senior Living
llee@mstarliving.com
(720) 505-9930

By MorningStar | July 17, 2024 | Press Releases

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  • Move Made Easy

COMPANION LIVING

MorningStar offers Companion Living in all of our communities, where two unrelated people of the same sex share a suite, whether in independent living, assisted living or memory care.

Not only does this living arrangement enhance life by its camaraderie, it also extends savings.

REVERSE MORTGAGE

When one partner needs assisted living, and the other partner chooses to remain living in a private home, a reverse mortgage may be a good solution to help pay for increased expenses. Without affecting Medicare or Social Security benefits, reverse mortgages allow a homeowner to stay in the home and withdraw from the equity that the couple has built. Mortgage holders get tax-free cash flow as a loan against that equity, a loan that doesn’t need to be repaid until the house is sold or the owner moves out or dies.

Be sure to vet lenders and their terms thoroughly before making any decision. If you would like to be connected to a trusted, licensed reverse mortgage partner, call 888.228.4500.

SELLING THE HOME

The equity built up in a private home is typically a retiree’s largest asset, making the proceeds from selling extremely helpful when transitioning to a senior community. However, selling a home in a timely manner can be challenging and time-consuming. This is especially true when adult children are not living near to assist.

Many families find it helpful to work with a Real Estate Professional experienced with all aspects of selling a senior’s home. From packing and cleaning to listing and selling, ElderLife’s agents are ready to assist with the entire process to simplify a senior transition. To be connected with a local agent, call 888.228.4500.

SOCIAL SECURITY

Approach Social Security (SS) benefits tactically. Historically, it was wise to take SS benefits early and invest them. Today, that’s not necessarily so. Maximized benefits may best be found through delayed retirement credits. Depending on your birth year, benefits increase by 3-8% annually. If you wait until age 70 to collect, that monthly check could increase by 25% or more. And a surviving spouse receives the entirety of that benefit upon the worker’s death, making delayed retirement credits even more valuable. Study the new rules to choose your best course.
Click here for original source info.

MEDICARE

Think of Medicare as health insurance for those 65 years and older, regardless of income. While Medicare never pays for assisted living, it is designed to help fund certain postacute expenses in the first 100 days, namely hospitalization and rehab, as long as the person’s health is improving.
Once you’ve plateaued, Medicare stops paying.

Benefits may be available for home health care, but only if certain conditions are met. Medicare Part A covers hospice (palliative care) for the actively dying, regardless of income, including in a senior living community. Click here for original source info.

In contrast, Medicaid is a federal government program that subsidizes the medical expenses (including certain health services and nursing home care) for low income people of all ages. MorningStar does not accept Medicaid. Click here for more information.

LEVERAGE LIFE INSURANCE POLICIES

Whole life and universal life policies build a reserve of cash through interest-earning excess premiums (known as the policy’s “cash value”). In some situations, life insurance can be a source of ready funds through cash surrender, death benefit loans, accelerating death benefits, life (or viatical) settlements, or even selling the policy on the open market for immediate cash.

Before acting on any of these methods, consult a financial advisor, as there may be tax consequences. Life Care Funding can also help you determine whether a policy can be converted. Click Here

TAX BENEFITS

The IRS allows certain deductions on a federal tax return for the cost of housing and meals of those receiving long-term care in a senior community due to chronic illness or the inability to live alone.

Assisted living residents may qualify for these deductions if a physician certifies that they have been unable to perform at least two activities of daily living (such as eating, bathing or dressing) without assistance for at least 90 days. The same deductions can apply to those who require substantial supervision due to memory impairment.

An adult child paying for a parent’s care may also qualify for the tax deductions, if the child can claim the parent as a dependent. Consult a tax advisor for further information or visit the Internal Revenue Service (IRS) Click Here.

LONG-TERM CARE INSURANCE

Long-term care insurance helps pay for senior care and protect personal assets by covering expenses up to the amounts set forth in the policy. LTC insurance pays for a variety of services in senior communities, and can offer care options that may not be covered through the federal subsidies of Medicare and Medicaid (see below section).

LTC policies can be complex and it may be difficult to understand and activate your policy. If you have questions about your Long-term Care policy, call 888.228.4500 to be connected with an expert for a free policy review.

BRIDGE LOANS

It’s not uncommon for families to be short on funds when transitioning a loved one into a senior community. The ElderLife Bridge Loan allows you to pay for rent and care in the short term while waiting for other funds to come in. Common financial shortfalls include the time that it takes to list and sell a home, or the waiting period before receiving VA Benefits.

The Bridge Loan is designed like a line of credit, bridging the financial shortfall for up to 12 months. The loan is unsecured (no collateral needed) and approved quickly with no penalty for early payoff and affordable interest payments as low as $8 per $1000 borrowed.

To learn more about the ElderLife Bridge Loan, call 888.228.4500 or Click Here.

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