MGL Partners Concludes $96 Million Transaction for Carillon at Belleview Station

MGL Partners Completes $96 Million Sale of Carillon at Belleview Station

MGL Partners, a prominent multifamily and senior housing developer based in Denver, has successfully concluded the sale of the Carillon at Belleview Station, a luxury senior living community located in the heart of Denver. The transaction, valued at $96 million, underscores the strong market demand for high-quality senior living assets in well-connected, transit-oriented neighborhoods.

About Carillon at Belleview Station

Established in 2018, Carillon at Belleview Station boasts 156 units and is designed to cater to a variety of senior living needs, offering options for independent living, assisted living, and memory care. This community played a vital role in shaping Belleview Station into a recognized mixed-use, transit-oriented district. The recent sale highlights not only the asset's robust performance but also the ongoing demand for luxury senior living facilities in strategic locations.

Mike Gerber, the Co-Founder of MGL Partners, shared insights about the appeal of Carillon, stating, "Carillon has consistently performed at a high level, supported by strong demographics and a location that is maturing as one of Denver's most compelling transit-oriented neighborhoods. This transaction reflects a portfolio-level strategy on the institutional side, and we are pleased with the outcome."

The Community's Features

Carillon is tailored to be a full-service senior living environment, featuring a range of amenities that enhance the living experience for its residents. These include a commercial kitchen and gourmet dining options, bistro settings, wellness and spa facilities, and communal spaces designed to foster connections and support aging in place. The community's proximity to light rail services, retail options, medical facilities, and major employment centers is a key factor that drives its success and attractiveness to residents and investors alike.

The acquisition of Carillon was part of a larger transaction in which the buyer also acquired four other senior housing communities nationwide. This clearly showcases a strategic focus on senior living by institutional investors, which is expected to grow as the demographic of those aged 65 and older continues to expand.

Future Prospects for MGL Partners

"Our firm has been deeply invested in senior housing for many years, and we anticipate that demand will only increase as nearly one in five Americans will be 65 or older by the end of the decade," added Gerber. MGL Partners is actively exploring new development opportunities, aiming to align with the growing needs of the senior population.

In addition to pursuing potential sites for future senior housing developments, MGL Partners is expanding its multifamily projects throughout the Denver metro area. The company is currently involved in various large-scale projects that are either under construction or in the leasing phase. This aligns with their commitment to provide residential solutions across various income levels.

To learn more about MGL Partners and their diverse portfolio of housing options, visit MGL Partners.

For media inquiries or further information regarding the Carillon at Belleview Station, photos, and other related details are available on their official website.

Overall, MGL Partners' successful transaction not only reinforces the strength of the senior housing market but also highlights the company's ongoing commitment to developing quality housing solutions that meet the needs of various communities in Colorado and beyond.