MGL Partners, a Denver-based multifamily, senior, workforce and affordable housing developer with a mission to build lasting value through the creation of high-quality communities, has completed the disposition of Carillon at Belleview Station, a 156-unit luxury senior living community located at 4855 South Niagara St. in Denver. The property was sold for $96 million as part of a multi-asset senior housing portfolio acquisition by an institutional buyer.
Delivered in 2018, Carillon at Belleview Station includes independent living, assisted living and memory care residences and was among the earliest developments to help establish Belleview Station as a premier mixed-use, transit-oriented district.
The sale reflects the strength of the asset as well as the durability of demand fundamentals in senior housing and the long-term value MGL Partners aims to create through disciplined development and operations…