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Confluent Senior Living and MorningStar Senior Living Enter into Exclusive Negotiating Agreement with the City of Tustin for a Class A Senior Living Community

Home - In the News - Confluent Senior Living and MorningStar Senior Living Enter into Exclusive Negotiating Agreement with the City of Tustin for a Class A Senior Living Community

Confluent Senior Living and MorningStar Senior Living Enter into Exclusive Negotiating Agreement with the City of Tustin for a Class A Senior Living Community

283,000-Square-Foot Redevelopment Anticipated to Set Gold Standard for
Senior Living in Orange County

 

TUSTIN, CA (September 20, 2023) — Confluent Senior Living and MorningStar Senior Living have entered into an Exclusive Negotiating Agreement (ENA) with the City of Tustin to lead the development of MorningStar at Tustin Legacy, an approximately 283,000-square-foot, large-scale senior living community. MorningStar at Tustin Legacy is anticipated to set the new gold standard for Class A, luxury senior living in Orange County, California as a community that integrates with the character of the surrounding 1,600-acre Tustin Legacy community, while delivering innovative and progressive design and technology for the seniors of today and the future.

Amidst a highly competitive bidding process among notable, national senior living developers, Confluent and MorningStar were selected by the City to enter into negotiations based on the project partners’ strong track record of programming and designing each community with purpose, and a shared commitment to becoming ingrained in the communities in which they develop. The community is anticipated to break ground in the first half of 2025.

“Our longstanding partnership with MorningStar, coupled with our collaboration with the City and project teams with local roots, has resulted in a vision that will set a new precedent for a modern and sophisticated southern California senior living environment,” said Matt Derrick, managing director of Confluent Senior Living. “In all of our pursuits, we focus on engaging with every stakeholder to ensure that the communities we develop serve not only the needs of future residents, but those of the broader neighborhood, and this unique partnership is well-positioned to accomplish exactly that.”

Drawing upon previous experience in forming successful public-private partnerships for redevelopment projects, Confluent aims to fulfill the vision of bringing this senior community to life and contribute to the diversity of high-quality residential, commercial, and retail offerings developed at Tustin Legacy.

“Tustin Legacy embodies the past, present, and future of Orange County. Confluent Senior Living and MorningStar Senior Living are well-established developers of vibrant communities for seniors and their loved ones,” said Austin Lumbard, Mayor of the City of Tustin. “The City looks forward to working with Confluent and Morningstar in the negotiations for the MorningStar at Tustin Legacy project to honor our history while providing much-needed services to Tustin, a City known for fostering a strong sense of community and caring for one another.”

MorningStar at Tustin Legacy’s main building will be situated along the Warner & Armstrong Avenue corridors. The approximately 283,000 square-foot facility features two connected buildings four (4) to five (5) stories in height over a single level of parking that will host approximately 145 independent living units, 60 assisted living units, and a secure memory care wing with 28 supportive units designed with Confluent and MorningStar’s Whole Health Standard, an innovative approach of safety and wellness design. The main buildings will be complemented by 29 adjacent single-story cottages off secondary streets of future John Johnson Way and future Veterans Way, providing independent living residents with the option to live in a detached residential setting.

Residents will have walkable access to proposed amenities in the main building such as high-end dining options, a fitness center, spa, theater, salon, art room, outdoor aquatics, rooftop pickleball, putt-putt golf, club room, among others. Structured parking will be located under the main building mass for guests. The location also provides direct access to the next phase of Tustin Legacy Park, which will ultimately connect all of Tustin Legacy.

“Our selection as the operating partner for this landmark project underscores our strong partnership with Confluent, which has led to the successful development of 15 ground-up senior living communities. We intentionally collaborate with like-minded municipal partners to drive the greatest community benefit and residual value to the spaces which we create,” said Ken Jaeger, MorningStar Founder/CEO. “MorningStar at Tustin Legacy will boast exceptional residential offerings and amenities, purposely built to increase socialization and active living for our residents and their families and be a time-tested, eye-catching neighborhood landmark for generations to come.”

MorningStar at Tustin Legacy is planned to be sustainably designed and incorporate innovative and contemporary architecture from Orange County-based architect, HPI Architecture. The community will be designed with biophilic design principles, providing a year-round connection to nature featuring indoor and outdoor spaces, lighting and landscaping selections. The project partners dedicated a focus to sustainability through water management, renewable materials, air quality and solar power generation that will also be implemented throughout the design.

During the initial nine-month ENA period, the City together with Confluent and MorningStar will negotiate a Disposition and Development Agreement (DDA) which will provide the price and terms of the transaction with the City. Confluent and MorningStar will pursue approval of entitlements for the project during the same ENA period.

Renderings of the project can be viewed at this link.

About Confluent Senior Living:

Confluent Senior Living is a national developer and investor of senior projects. Confluent Senior Living partners with a variety of industry-renowned senior living operators across the U.S. An expert in developing, buying, and selling senior living communities, Confluent Senior Living has a national senior housing portfolio of award-winning communities. Confluent Senior Living is a subsidiary of Confluent Development, a Denver-based, full-service real estate investment and development firm that owns and develops ground-up commercial real estate throughout the United States. For more information, visit ConfluentSeniorLiving.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 MorningStar Senior Living.

About Tustin Legacy: Tustin Legacy is a 1,600-acre master-planned community located in the City of Tustin that is being developed on land formerly known as Marine Corps Air Station (MCAS) Tustin. For more information, visit www.tustinlegacy.com.   

Media Contacts:

Jillian Headrick | dovetail solutions for Confluent Senior Living

jheadrick@dovetailsolutions.com

Lorna Lee | Vice President of Marketing & Communications, MorningStar Senior Living

llee@mstarliving.com

Stephanie Najera |Communications Manager, City of Tustin

snajera@tustinca.org

 

By MorningStar | September 20, 2023 | Press Releases

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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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