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MorningStar Celebrates the Grand Opening
at The Canyons in Las Vegas

Home - In the News - MorningStar Celebrates the Grand Opening at The Canyons in Las Vegas

MorningStar Celebrates the Grand Opening
at The Canyons in Las Vegas

Luxury Senior Community Offers State-of-the-Art Care and Holistic Living


LAS VEGAS, NV (September 20, 2024) — Co-developers MorningStar Senior Living, a fully integrated developer, owner and operator of premier retirement communities, and Confluent Development have completed MorningStar at The Canyons, a luxury senior living community located in the heart of Las Vegas. This four-story development features 168 suites, offering independent living, assisted living and memory care services, designed to meet the evolving needs of today’s senior population.

Strategically located on a 3.6-acre site, MorningStar at The Canyons spans 283,000 square feet and is designed with resort style features, outdoor terraces and panoramic views. The community provides residents with the highest standard of care in a resort-style setting, incorporating the renowned “Whole Health Standard” — a holistic approach developed by MorningStar and Confluent to prioritize both physical health protections and mental wellness.

“This grand opening represents another milestone for our team and our partners at MorningStar,” said Matt Derrick, managing director at Confluent Senior Living. “Not only have we established a presence in this high-barrier-to-entry market, but we have successfully delivered a first-class, luxury residential experience that residents will value for years to come.”

MorningStar at The Canyons features contemporary architecture that creates a welcoming, vibrant space designed to foster community living. The development includes a wide range of modern amenities, such as indoor and outdoor dining venues, a pool and spa, a fitness center and a clubroom terrace with stunning views.

“MorningStar at The Canyons was built with the resident in mind, offering a balance of independence and care in a space where seniors can feel truly at home,” said  , founder and CEO of MorningStar. “The opening of The Canyons brings our values to life, offering Vegas seniors elegant, comfortable suites and luxury amenities, supported by a compassionate, responsive hospitality and care team. Our partnership with Confluent has once again delivered an exceptional community that we are proud to operate.”

Located just minutes from the Red Rock Canyon National Conservation Area and TPC Las Vegas, MorningStar at The Canyons offers a serene yet well-connected lifestyle. The nearby Summerlin Hospital Medical Center and downtown Summerlin’s dining, shopping and entertainment venues provide convenient access, while the Las Vegas Strip is a short 20-minute drive away.

MorningStar at The Canyons represents the 15th joint venture between Confluent and MorningStar, further cementing their commitment to delivering exceptional senior housing across the United States. The community reflects the partnership’s continued investment in providing holistic, high-quality senior living environments that reflect the unique needs of the communities they serve.

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 eleven 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 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.

For further information, please contact:

Media Contact:
Lorna Lee | Vice President of Marketing & Philanthropy, MorningStar Senior Living
llee@mstarliving.com
Mobile: 720.505.9930

Whitney Conaghan | dovetail solutions for Confluent Development
wconaghan@dovetailsolutions.com

 

By MorningStar | September 20, 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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