Updated Apr 22, 2026
Clarion Partners And Franklin Templeton Acquire MorningStar At Holly Park In Centennial For $88.6M
6675 South Holly Street
$88,600,000
Units
160
Asset Type
Senior Housing
Closing
Apr 21, 2026
About this deal
AI
The transaction involved the sale of the MorningStar at Holly Park, a fully leased assisted living facility comprising 160 units located at 6675 South Holly Street in Centennial, Colorado. The sale price was $88.6 million, resulting in a per unit price of $553,750.
Summary of transaction details:
- Property Type: Senior Housing
- Transaction Amount: $88,600,000
- Address: 6675 South Holly Street
- Market: Centennial, CO
- Units: 160
- PPU: $553,750
- Buyer: Clarion Partners & Jenny Johnson - Franklin Templeton
- Seller: Edgemark
Clarion Partners and Jenny Johnson, representing Franklin Templeton, were key participants in this transaction, acquiring the property to further enhance their portfolio in the senior housing market.
On the Map
$88,600,000
Senior Housing
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Players
Centennial Senior Housing Market Snapshot
Boundary boundary · Senior Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93