• Developer’s first projects outside California open this summer as it eyes additional growth in Western U.S.
• Alexan Peña Station includes 578 units in two phases totaling 14 buildings on 20-acre site in Northeast Denver
• The Aven offers 284 units with unobstructed mountain views in Colorado Springs

MBK Rental Living, a preeminent lifestyle developer of apartment communities that has operated solely in California for more than a decade, announced that it has opened its first two luxury apartment communities in Colorado. Alexan Peña Station, located in Northeast Denver, was developed with joint venture partners Trammell Crow Residential and Tokyo Tatemono, and The Aven in Colorado Springs is in collaboration with Hines.

“After much anticipation, we are pleased to open the doors of our two newest luxury apartment communities and usher in a new era of development in Colorado with the support of our JV partners,” said Ken McCarren, President of MBK Rental Living “This strategic expansion signals our growth to become a luxury developer in the Western U.S., with a keen focus on building communities that enrich the lives of residents and provide significant returns for partners and investors.”

Alexan Peña Station in Northeast Denver features 578 units ranging from 686 to 1,350 square feet, with one-, two- and three-bedroom floor plans. The 20-acre site has a total of 14 three- and four-story buildings and a host of community amenities including two resort-style pools with sun shelves and cabanas, two clubhouses, co-working offices, community garden plots, and a beer garden with outdoor games. Developed with JV partners Trammell Crow Residential and Tokyo Tatemono, the community is centered around a two-acre public park that features large and small dog parks, a pickleball court, and a multi-use trail.

Located in Northeast Denver, Alexan Peña Station is surrounded by urban conveniences and recreation spanning entertainment, shopping, dining, transportation, business, schools, and parks. Residents will enjoy walkability to popular destinations and neighborhood gatherings in and around the community, and convenient access to public transportation options for Denver International Airport and regional draws including the Denver Zoo and Dicks Sporting Goods Park.

The Aven in Colorado Springs includes 284 units ranging from 606 to 1,429 square feet, with one-, two- and three-bedroom floor plans. Situated on 9.7 acres and developed with JV partner Hines, the three- and four-story buildings offer unobstructed mountain views and numerous amenities including a clubhouse with a resort-style pool, contemporary co-working spaces, a fitness center and dog park.

Set in the heart of Briargate, one of Colorado Springs’ most desirable neighborhoods, The Aven offers a perfect blend of scenic living and everyday convenience. Its prime location provides residents with access to premier shopping, top-rated schools, and beautiful outdoor amenities including parks, bike lanes, and paved trails. It is minutes away from local landmarks like Briargate’s John Venezia Community Park and The Promenade Shops, an upscale destination for dining and retail, and in close proximity to Peterson Space Force Base and the United States Air Force Academy. The Aven also offers easy access to Highway I-25, Mountain Metro Transit Route 38, and available airport shuttles to Denver International Airport.

“Colorado is a very dynamic market and a highly desirable place to live, and we are eager to introduce our best-in-class amenities, gathering spaces and activities that are personalized for each community to enrich the lives of residents,” McCarren noted. “The teams have already started to welcome residents home to Alexan Peña Station and The Aven.”

“Based on our leasing activity and the community interest we have seen so far, I certainly envision additional projects in the state and others in the Western U.S. to announce in the future,” added McCarren.

In addition to its two Colorado communities, MBK Rental Living is currently leasing several communities in California including Esperanza and Solana in Duarte, Zia in Anaheim, The Haven in Petaluma, Vida in Morgan Hill. Plans are also set for three new communities to begin pre-leasing in early 2026, Vintage Farms in Murrieta, The Sanctuary in Thousand Oaks, and Las Brisas in Santa Maria.

Alexan Peña Station is located at 6355 N Ceylon St in Denver, Colorado. To inquire about leasing, call (720) 506-9750 or visit https://alexanpenastation.com.

The Aven is located at 9520 Antora Grove in Colorado Springs, Colorado. To inquire about leasing, call (346) 680-9169 or visit https://livetheaven.com.

For more information about MBK Rental Living, visit https://www.mbkrentalliving.com.

About MBK Rental Living
MBK Rental Living is active in the acquisition and development of apartment communities. The company’s mission is to be the preeminent lifestyle developer focusing on creating communities that deliver value for their residents, partners, and investors. Throughout its more than 30-year history, MBK has earned a reputation for delivering award-winning customer satisfaction in housing that is innovative in design, comfort, sustainability, and craftsmanship, all at an excellent value. MBK Rental Living is a division of MBK Real Estate LLC., the U.S. real estate development arm of Mitsui & Co., Ltd., a global trading and investment company with a diversified business portfolio.

MBK Real Estate’s companies span a wide spectrum of real estate development including apartments, industrial, and their senior housing divisions. With Our World is brought to you by MBK Rental Living, a leader in developing environmentally and socially responsible communities. MBK is on a mission to make apartment living planet-friendly with its comprehensive program which seamlessly blends conscious design with high performance to provide healthier, more comfortable living environments for our residents. MBK Rental Living is headquartered in Irvine, California. Corporate offices are located at 4 Park Plaza Suite 1700, Irvine, CA 92614; or visit their website at www.MBKRentalLiving.com.

About Hines

Hines is a leading global real estate investment manager. We own and operate $90.1 billion¹ of assets across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 5,000 employees in 30 countries draw on our 68-year history to build the world forward by investing in, developing, and managing some of the world’s best real estate. To learn more, visit www.hines.com and follow @Hines on social media.

¹Includes both the global Hines organization and RIA AUM as of December 31, 2024.

About Trammell Crow Residential

Trammell Crow Residential (TCR) is a leading multifamily real estate developer with a local presence in 15 key U.S. markets. Over 45 years, TCR has built more than 291,000 premier multifamily residences, delivering amenity-rich communities in economically thriving locations nationwide. TCR is part of the development platform of Crow Holdings, a privately owned real estate investment and development firm with over 75 years of history, $33 billion of assets under management, and an established platform with a vision for continued success. For more information, please visit www.crowholdings.com.

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