Senior Living Development
Built for the
Way People Live.
Way People Live.
Stellar Development brings an operator’s eye to every project — from ground-up communities and strategic renovations to AI-powered site selection. We build exceptional senior living backed by 30+ years of actually running the communities we create.
$375M+Development Volume
37Communities Operated
5–8×Renovations Per Year
9States Active
30+Years in Senior Living
About Stellar Development
An Operator-Led
Developer.
Most developers hand off the keys when a building is done. We move in. As the operator of every community we develop, Stellar brings a fundamentally different perspective to every design decision — from lobby flow to unit mix to amenity programming.
Founded alongside Stellar Senior Living — a family-owned, BLLC-certified operator across 37 communities in 9 western states — Stellar Development creates communities that perform as well as they photograph. Award-winning design, exceptional fill-up speed, and assets that consistently deliver for our capital partners.
Ground-Up
Purpose-built communities designed for exceptional care, lifestyle, and investment performance.
Renovation
Strategic capital improvements spanning $1M refreshes to $10M+ full transformations.
Co-Development
Joint ventures with capital and land partners who want Stellar’s operator advantage from day one.
Data-Driven
Proprietary AI and market intelligence tools drive every site selection and design-to-market decision.
Track Record
Projects that open full — and stay that way.
Creekside Senior Living
100% occupancy in 11.5 months · 42.7% peak EBITDAR · Bountiful, UT
The Gallery at Broomfield
100% pre-deposited at opening · SHN Best Architecture 2023 · Broomfield, CO
The Gallery at Spokane
95% YoY NOI growth · 90% occupancy in 27 months · Spokane, WA
Boise, ID & Greeley, CO — Coming Soon
Two ground-up developments currently breaking ground
Recognition
SHN Best Architecture & Design 2023
EPA Energy Star — Top 10% Nationwide
Environments for Aging Finalist 2024
Seniors.FYI Elite Community 2025
Best Ground-Up Development Finalist 2023
Argentum 40 Under 40
Portfolio
Developments We’re
Proud Of.
Ground-Up · Opened Oct 2023
The Gallery at Broomfield
100% Pre-Deposited at OpeningSHN Best Architecture 2023EPA Energy Star Top 10%
Ground-Up · Opened Jan 2024
The Gallery at Spokane
95% YoY NOI GrowthSeniors.FYI Elite 2025
Ground-Up · Opened 2018
Creekside Senior Living
100% Occupancy in 11.5 Months42.7% Peak EBITDAR
Hospitality-Grade Interiors
Designed for Living
In Development · Breaking Ground Soon
Boise Senior Living
5-Acre SiteHeld Since 2020Financing Underway
In Permitting · 2025–26
Greeley Senior Living
Ground-UpFull Continuum of Care
What We Do
End-to-End Development
Expertise.
01
Ground-Up Development
From site selection through design, entitlements, construction, and lease-up. We’ve taken purpose-built senior communities from concept to certificate of occupancy — and then run the fill-up ourselves. Our buildings are engineered for care delivery, lifestyle, and long-term NOI performance.
02
Strategic Renovation
We execute 5–8 renovation projects per year, from $1M targeted refreshes to $10M+ community-wide transformations. As the operator, every dollar we spend is accountable to occupancy and margin — we know exactly which investments move the needle.
03
Capital Partnership
We actively seek aligned capital partners. Stellar has established relationships with Welltower, Ventas, Harrison Street, Bridge Investment Group, and Clarion Partners — plus a $25M JV equity platform. We prefer shared ownership because aligned incentives build better communities.
Renovation & Capital Improvements
Every Budget.
Every Impact.
Stellar executes 5–8 renovation projects per year across our portfolio — spanning targeted $1M cosmetic refreshes all the way to $10M+ full community transformations. We don’t have a one-size-fits-all approach, because no two markets or buildings are the same.
As the operator, we design every renovation around what actually moves occupancy and NOI. We know which finishes families notice on tours, which amenity upgrades drive referral volume, and where to invest — and where not to. Our CapEx decisions have a direct line to operational results.
Over the past five years, we’ve invested tens of millions in owned and managed properties across the western US, consistently turning renovation spend into measurable margin improvement.
$1M+
Targeted Refresh
$3–5M
Full Interior Remodel
$10M+
Community Transformation
Our Development Edge
Data-Driven.
Designed to Market.
We don’t guess on site selection or unit mix. Stellar’s proprietary market intelligence platform combines demographic mapping, psychographic migration data, competitive landscape analysis, and construction-cost benchmarks — giving us fast, data-backed clarity on every site we evaluate.
The result: we only build what the market needs, built right. Every community is calibrated to its specific submarket. Never over-designed to impress investors, never under-designed to cut costs. Right-sized, right-priced, right-positioned.
That same operator intelligence shapes every design decision after site selection — from unit mix to common-area programming to parking ratios — because we’ll be running the community after the ribbon is cut.
Proprietary Market Intelligence Platform
Geographic & Competitive Mapping
In-depth site mapping, competitive landscape analysis, nearby hospital access, and labor-market data for every site we evaluate.
Psychographic & Migration Analysis
Detailed demographic profiles and migration trend data to identify underserved high-growth markets ahead of the competition.
Construction Cost Benchmarking
Real-time cost benchmarks calibrate every project pro forma to actual market conditions — no surprises at GMP.
Design-to-Market Discipline
Unit mix, finishes, and programming driven by what local residents will actually pay for — not what looks good in a pitch deck.
The Stellar Advantage
Why Develop
With Stellar?
- ✓Operator-Informed DesignWith 37 communities under management, we know exactly what works — and what gets in the way of great care and strong occupancy. Every design decision is shaped by our daily operational reality.
- ✓Proven Fill-Up PerformanceCreekside hit 100% in 11.5 months. The Gallery at Broomfield opened fully pre-deposited. The Gallery at Spokane stabilized in 27 months. That’s our integrated sales and marketing machine — already built in.
- ✓Institutional Capital RelationshipsStellar has partnered with Welltower, Ventas, Harrison Street, Bridge Investment Group, and Clarion Partners. We bring institutional-grade credibility and relationships to every deal we touch.
- ✓Family Ownership = Long-Term AccountabilityNo external pressure to grow for growth’s sake. We pace development deliberately, maintain quality, and are personally accountable for every community that bears our name.
- ✓Right-Sized for Every MarketOur data platform and operator experience ensure we never over-design or under-design. You get a community calibrated precisely to what local families will pay for — and choose.
“The best parts of a mom-and-pop business combined with the best parts of a large institution — that’s what Stellar is.”
— Adam Benton, Co-Founder & SVP
100%
Pre-deposits at Gallery at Broomfield opening
42.7%
Peak EBITDAR margin, Creekside Senior Living
95%
Year-over-year NOI growth, Gallery at Spokane
Land Opportunities
Have a piece of land worth developing?
We’re always evaluating new sites across the western US. If you own land that could be right for a senior living community, we’d love to take a look.
Let’s Talk LandReady to Build
Something Stellar?
Whether you’re a capital partner, institutional investor, or a developer looking to co-develop — we’d love to start a conversation about what we could build together.
© 2026 Stellar Development. All rights reserved.
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