Kairoi Residential and Clarion Partners Complete 419-Unit The Gild at Metro Center in Aurora, Colorado

San Antonio-based Kairoi Residential and Clarion Partners have completed construction on The Gild at Metro Center, a 419-unit Class A multifamily development in Aurora, Colorado, the firms announced Nov. 10, 2026. The community sits within a Qualified Opportunity Zone in the Denver area and is part of the Aurora Metro Center mixed-use development.

Property Details: The Gild at Metro Center

The development consists of five elevator-served buildings on 12 acres. It includes 419 apartment homes, comprising studio, one-, two- and three-bedroom units ranging from 541 to 1,378 square feet. Earlier financing materials cite an average unit size of 831 square feet, which implies roughly 348,000 rentable square feet across the community; that figure is an estimate rather than a reported gross building area.

Amenities include a 24-hour health club, a pool, spin rooms, a dog park, a speakeasy, a sky lounge and coworking spaces with conference rooms. The project also features art installations in small urban parks located throughout the property. Construction was expected to take approximately 33 months.

Location and Demand Drivers

The Gild is located across from the Aurora Town Center and Aurora City Place shopping malls, which together feature more than 2 million square feet of restaurants and retail. The property is near the University of Colorado Health Hospital, Anschutz Hospital and Rocky Mountain Regional Medical Center. It is walkable to Aurora City Center Park and the Aurora Metro Center Station on the R Line light rail, which connects directly to Downtown Denver and Denver International Airport. The property is also near Buckley Space Force Base.

The Gild is one component of the broader Aurora Metro Center development, which is planned to include three multifamily projects, 134 townhome units, senior housing, a performing arts center and a grocery-anchored neighborhood shopping center.

Financing and Partnership

JLL Capital Markets arranged a 55% loan-to-cost construction loan for the project and advised on the joint-venture equity placement. The six-year, floating-rate construction facility was provided through a two-bank syndication. The project was referred to as Kairoi Metro Center in earlier financing materials.

"The Gild multifamily development was designed to set a new standard of quality and deliver an exceptional residential experience while bringing a fresh aesthetic to the neighborhood," said Daniel Zunker, Kairoi's President of Development. "Kairoi and Clarion are proud to have delivered residential homes that are intentionally designed to meet the demands of future residents while bringing value to the community."

"We value our longstanding relationship with Kairoi Residential and the opportunity to continue building on our partnership through Aurora Metro Center," said Brent Gerst, Clarion Partners senior vice president. "The Denver area remains an important market for Clarion, where we currently own more than 50 properties across multiple sectors, including over 2,500 multifamily apartment units. This investment reflects our continued conviction in both the region and in well-located qualified opportunity zones throughout the U.S."

Aurora Multifamily Market Context

The Gild delivers into a submarket absorbing new supply. The Aurora submarket recorded vacancy of approximately 5.0% in the third quarter of 2026, above its five-year average of 3.2% and 10-year average of 4.1%. Over the prior 12 months, the submarket posted roughly 110 units of net deliveries and 36 units of net absorption, with about 566 units remaining under construction.

Aurora is among the Denver-area corridors carrying the heaviest post-supply overhang into 2027, with lenders underwriting limited near-term rent growth and continued concessions on new product. Denver's multifamily construction pipeline is decelerating, which could produce tighter operating conditions in 2027 and 2028 if demand catches up with recently delivered inventory.

About the Firms

Kairoi Residential is a partner-led company that invests in, develops and manages multifamily communities. The firm has been developing and owning multifamily properties since 2002 and says it has developed or owned more than 57,000 units, including approximately $2.5 billion in new developments in San Antonio, Dallas, Chicago, Denver, Houston, Miami and Austin.

Clarion Partners, headquartered in New York, is an SEC-registered investment adviser that has been a U.S. real estate investment manager for more than 40 years. The firm reports more than $73 billion in total real estate and debt assets under management. As of June 30, 2026, Clarion was invested in over 170 properties in Qualified Opportunity Zones and owned an additional 730-plus properties in neighboring submarkets. Clarion Partners is a specialty investment manager of Franklin Templeton.

Sources

PR Newswire: Kairoi Residential and Clarion Partners Have Completed Construction on 419-unit Luxury Development in the Aurora Town Center