KIRKLAND, WA – American Capital Group, Artemis Real Estate Partners and MorningStar Senior Living announced they have completed the acquisition of two independent senior living development projects situated adjacent to the previously announced Lifebridge Kirkland Apartments in Kirkland, Wash. and the Amberglen Apartments in Hillsboro, Ore. The projects will operate under the brand names MorningStar Senior Living of Kirkland and MorningStar Senior Living of Hillsboro, respectively.
MorningStar Senior Living of Kirkland will offer 151 independent living units as well as a full-service kitchen, pool, spa, fitness center and direct access to both private and public walking paths, promoting a healthy lifestyle for its senior residents. The community is less than a mile from Evergreen Medical Center, the #4 ranked hospital in Washington, and within a ten-mile radius of 11 hospitals offering emergency services. In spite of rapid population growth in the Kirkland area, no additional independent senior living units are currently under construction within a five-mile radius of the project.
At ACG, we recognized we could do more than just offer premier multifamily units to the burgeoning Pacific Northwest population by making nearby residences for senior family members, allowing extended, multigenerational families to remain in proximity. Today s announcement demonstrates our commitment to investing in our communities and making the best environment possible for our residents. We look forward to repeating and extending this holistic life strategy in several key regions across the United States, said B.J. Kuula, President, ACG.
MorningStar Senior Living of Hillsboro will offer 141 residential units in the 5th largest city in Oregon, which, while having the largest percentage population increase of any city in Oregon since 2010, also has no independent living communities under construction within a seven-mile radius of the project. The community boasts over a dozen public parks within a one-mile radius and seven hospitals within a ten-mile radius, and will offer a full-service kitchen, pool, spa, and fitness center to promote a healthy lifestyle for senior residents.
We are fortunate to be well-positioned to capitalize on this attractive market opportunity to buy these Class A senior living communities, said Kelly Sheehy, Managing Director, Artemis. We look forward to making the best living environments possible and attracting even greater populations to these high growth markets.”
We are proud to partner with American Capital Group and Artemis Real Estate Partners in opening our first community in Washington and our third in Oregon, said Matt Turner, Managing Partner, MorningStar Senior Living. These two projects will combine hospitality with gorgeous and functional design focused on dignity, wellness and community, all working to deliver upon MorningStar s unique brand promise to seniors and their families.
ACG s current development portfolio in the Pacific Northwest includes, to name a few, the 409-residential-unit Lifebridge Kirkland Apartments, the 352-residential-unit Amberglen Apartments, the 239-unit Kinect @ Lynnwood apartment project, and the 140-unit Kinect @ Broadway apartment project.

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HENDERSON, NV – FARING announced the acquisition of “The Well,” a 396-unit residential complex within the world’s first health-integrated master plot community, in Henderson, NV.
“With the acquisition of ‘The Well,’ FARING joins one of Las Vegas’ most desirable submarkets, with a very well-located multifamily community,” said Jason Illoulian, CEO of FARING.
Bought for $83,500,000 and situated on 20 acres, Illoulian described the go as “a compelling opportunity to capitalize on Clark County’s strong economic growth.”
“We still have a large amount of capital earmarked to buy recently built, stabilized multi-family buildings in Nevada and California,” Illoulian added.
Completed in 2019, the 356,000-square-foot complex features generously sized units with amenities including full-size, in-unit washers and dryers, spacious walk-in closets and private patios/balconies.
Residents at “The Well” are provided access to swimming pools and spas, ramadas with gas BBQ grills, a sand volleyball court, a clubhouse with media lounge and game room plus a 24-hour fitness center.

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ATLANTA, GA – FCP announced the $20.0 million acquisition of Brookview Apartments, a 216-unit apartment community in Douglasville, GA. The acquisition marks FCP’s 19th investment in Atlanta and the firm’s third investment in the Douglasville submarket.
“Brookview fits well within FCP’s growing west Atlanta portfolio which has seen the addition of eight assets since 2019,” said FCP’s Michael Errichetti. Errichetti continued, “The property is proximate to west Atlanta’s large industrial and logistics market, which has seen tremendous growth over the past few years.”
The community is located at 8460 Hospital Drive in Douglasville, minutes from FCP-owned Stewarts Mill and Place at Midway. The community features one, two and three-bedroom family friendly floorplans with community amenities that include a grilling area, dog park, playground, pool and business center. Residents have access to a handful of retail amenities in the immediate neighborhood, including a walkable Kroger across the street.
FCP extends its appreciation to Chris Lyon and the Cushman & Wakefield Southeast Multifamily Advisory Group for their representation.

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