Clarion Partners And Franklin Templeton Acquire MorningStar At Holly Park In Centennial For $88.6M

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.