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Health Wave Partners Acquires MorningStar Senior Living In Parker Colorado For $63.7 Million
SOLD
$63,700,000
Colorado
See Similar DealsSenior Housing
Sold 03/12/2026
SOLD
Health Wave Partners Acquires MorningStar Senior Living In Parker Colorado For $63.7 Million
18900 East Mainstreet
See Similar DealsSenior Housing
Sold 03/12/2026
Summary
COLORADO
Asset Type:Senior Housing
Transaction Type:Sale
The property involved in the transaction is a 191-unit senior housing asset located at 18900 East Mainstreet, Parker, CO. The property was sold for a price of $63,700,000, translating to a price per unit of approximately $333,508.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $63,700,000
- Buyer: Health Wave Partners
- Seller: PGIM
- Units: 191
Health Wave Partners acquired the MorningStar Senior Living of Parker from PGIM, which previously purchased the property in 2019 for $62.68 million.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,397,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$226,312.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$301,970.50
Annual Debt Service$3,623,645.98
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