Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Phoenix & Southwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Phoenix & Southwest  + Southwest  + Senior Housing  |  March 12, 2026
Morningstar Parker
Mike Boyd
By: Mike Boyd

Health Wave Pays $63.7M for Denver-Area Sr. Care Facility

Health Wave Partners spent $63.7 million on the 191-unit MorningStar Senior Living of Parker complex, at 18900 E. Mainstreet in Parker. PGIM Real Estate was the seller. The Denver Business Journal reports PGIM paid $62.68 million for the property in 2019.

The three-building property was almost fully occupied at the time of the sale. The first building on the campus opened in 2012. It was expanded in 2014 and again in 2016.

The facility offers independent living, assisted living and memory care, according to MorningStar’s website. It includes multiple dining venues, landscaped courtyards, fitness and therapy spaces, along with social and wellness areas.

Health Wave Partners is a boutique investment firm that specializes in high-quality senior housing across the United States.

Connect

Inside The Story

Health Wave

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action