Health Wave Partners Acquires MorningStar Senior Living In Parker Colorado For $63.7 Million
18900 East Mainstreet
$63,700,000
Units
191
Asset Type
Senior Housing
Closing
Mar 12, 2026
AI
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.
Players
Parker Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93