Senior Housing News December 4, 2025
Investment funds managed by Morgan Stanley Investment Management have collectively acquired a three-community portfolio from private equity group Kayne Anderson for $305 million.
Morgan Stanley Real Estate Investing (MSREI) manages the investment fund, and the portfolio comprises 463 units in three communities near Denver. MorningStar Senior Living will remain the manager of the properties after the sale to the funds controlled by MSREI.
Morgan Stanley Real Estate Investing Head of U.S. Investments Will Milam told Senior Housing News on Thursday that the company’s investment thesis in senior housing has been “consistent” over the last four years, targeting “high-performing properties with best in class operators.”
“This transaction fits in with MSREI’s investment strategy of partnering with best-in-class operators to acquire high...







