DENVER, Aug. 3, 2026 /PRNewswire/ -- San Antonio-based Kairoi Residential, in partnership with PGIM and Helaba Bank, has broken ground on an ultra-luxury Class A multifamily development in Denver&#39;s vibrant Lower

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">DENVER</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Aug. 3, 2026</span> /PRNewswire/ -- San Antonio-based Kairoi Residential, in partnership with PGIM and Helaba Bank, has broken ground on an ultra-luxury Class A multifamily development in Denver&#39;s vibrant Lower Highlands (&#34;LoHi&#34;) neighborhood.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS1830781/Kairoi-Residential-Logo.jpg?id=OA2819926" title="Kairoi Residential is a premier, vertically integrated multifamily development, investment, and property management firm. Guided by its mission to Be Remarkable and its commitment to Modern Stewardship, Kairoi has built an expansive portfolio of apartment communities across the country." alt="Kairoi Residential is a premier, vertically integrated multifamily development, investment, and property management firm. Guided by its mission to Be Remarkable and its commitment to Modern Stewardship, Kairoi has built an expansive portfolio of apartment communities across the country."></img>
                </p>
    </div>
<p xmlns="http://www.w3.org/1999/xhtml">&#34;We are thrilled to break ground on this transformative project in the LoHi neighborhood,&#34; said Tyler Sibley, Principal of Kairoi Development. &#34;This project is the culmination of nearly a decade of dedicated pursuit and extensive planning with an exceptional team of design and construction professionals. Our vision is to deliver one of the highest-quality multifamily communities in the country featuring thoughtfully crafted residences, a best-in-class amenity package and seamless connectivity to all that the LoHi neighborhood and Denver metro area has to offer.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Per Helaba, &#34;This financing underlines Helaba&#39;s commitment to high quality residential real estate in strong urban markets and to projects that create modern rental housing and vibrant communities. In a market environment that remains challenging and selective, Helaba continues to focus on resilient assets and experienced partners with strong track records in development and asset management. Kairoi and PGIM embody these qualities, and this transaction reflects our strategy of disciplined new business.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Located off Speer Boulevard and Zuni Street, the development will feature 420 upscale apartment homes consisting of studio, one-, two- and three-bedroom residential units. Tailored amenities include a sky pool deck with sweeping views of downtown Denver, dedicated men&#39;s and women&#39;s health and wellness spas, a 24-hour fitness center, work from home spaces, state-of-the-art golf and ski simulators, multiple sky lounges, and expansive outdoor social spaces.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;This development reflects our strong conviction around high-quality rental housing in markets supported by durable demand and long-term growth,&#34; said Soultana Reigle, head of U.S. equity for PGIM&#39;s Real Estate investment group. &#34;Denver&#39;s LoHi neighborhood combines walkability with access to employment, and our partnership with Kairoi and Helaba Bank allows us to deliver a differentiated residential community while investing with discipline and selectivity on behalf of our investors.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">ABOUT KAIROI</b></p><p xmlns="http://www.w3.org/1999/xhtml">KAIROI RESIDENTIAL is a partner-led company with a unified approach to investing, developing and managing multifamily communities.</p><p xmlns="http://www.w3.org/1999/xhtml">Kairoi has been involved in the business of developing and owning multifamily properties since 2002. Over the course of our existence, we have developed or owned in excess of 57,000 units in many cities and states across the country. Kairoi Residential has developed approximately $2.5B in new developments in San Antonio, Dallas, Chicago, Denver, Houston, Miami, Charlotte, and Austin.</p><p xmlns="http://www.w3.org/1999/xhtml">For more information, please visit: <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4743459-1&amp;h=1933305703&amp;u=http%3A%2F%2Fwww.kairoi.com%2F&amp;a=www.kairoi.com" target="_blank" rel="nofollow">www.kairoi.com</a></p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">ABOUT PGIM </b></p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">PGIM Real Estate<br xmlns="http://www.w3.org/1999/xhtml"></br></u></b>PGIM is the global asset management business of Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PRU">PRU</a>), with $1.4 trillion in assets under management.<sup xmlns="http://www.w3.org/1999/xhtml">1</sup> PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions, including fixed income, equities, real estate and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.</p><p xmlns="http://www.w3.org/1999/xhtml">Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&amp;G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.<br xmlns="http://www.w3.org/1999/xhtml"></br>1 As of Mar. 31, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">ABOUT HELABA</b></p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">Helaba<br xmlns="http://www.w3.org/1999/xhtml"></br></u></b>Helaba (Landesbank Hessen-Thüringen) is one of Germany&#39;s leading commercial banks, serving as both a central clearing institution for regional savings banks and a development bank for the states of Hesse and Thuringia. Headquartered in Frankfurt and Erfurt, the bank manages approximately €201.8 billion in total assets and employs around 6,000 people worldwide. Helaba provides a broad range of financial services, with a particular focus on corporate banking, real estate finance, and public-sector lending. The bank also maintains an international presence through key offices in major financial centers, including London, Paris, New York, and Shanghai.</p><p xmlns="http://www.w3.org/1999/xhtml">For more information visit <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.helaba.com" rel="nofollow">www.helaba.com</a></p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=DA16869&amp;sd=2026-08-03"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/kairoi-residential-pgim-and-helaba-bank-have-broken-ground-on-their-ultra-luxury-mid-rise-development-in-denvers-lower-highlands-lohi-neighborhood-302840246.html" target="_blank">https://www.prnewswire.com/news-releases/kairoi-residential-pgim-and-helaba-bank-have-broken-ground-on-their-ultra-luxury-mid-rise-development-in-denvers-lower-highlands-lohi-neighborhood-302840246.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Kairoi Residential</p>

Kairoi Residential, PGIM, and Helaba Bank Have Broken Ground on their Ultra-Luxury Mid-Rise Development in Denver's Lower Highlands (LoHi) neighborhood.

Kairoi's Denver LoHi Groundbreaking Highlights PRU Real Estate Footprint

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>DENVER, Aug. 3, 2026 /PRNewswire/ -- San Antonio-based Kairoi Residential, in partnership with PGIM and Helaba Bank, has broken ground on an ultra-luxury Class A multifamily development in Denver&amp;#39;s vibrant Lower</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>San Antonio-based Kairoi Residential, with PGIM Real Estate and Helaba Bank, broke ground on a 420-unit ultra-luxury mid-rise in Denver&#039;s LoHi. The project underscores PGIM&#039;s continued deployment of PRU-backed assets in core urban markets, signaling potential fee-income growth and AUM expansion for PRU&#039;s real estate platform in a durable demand segment.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Kairoi Residential breaks ground on LoHi ultra-luxury project.</li><li>Project financed by PGIM Real Estate and Helaba Bank.</li><li>420 upscale apartments from studio to 3-bedroom with premium amenities.</li><li>Denver LoHi location underscores durable urban housing demand.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Kairoi Residential (N/A)</strong>: Private development firm; leads LoHi project and demonstrates capital deployment capability.</li><li><strong>PGIM Real Estate (N/A)</strong>: PRU&#039;s global real estate arm; anchors financing and potential fee-based revenue.</li><li><strong>Helaba (Helaba)</strong>: German bank providing cross-border financing; signals international capital interest.</li><li><strong>Prudential Financial, Inc. (PRU)</strong>: Parent company; indirect beneficiary via PGIM Real Estate growth and AUM expansion.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. It highlights strategic asset deployment and cross-border financing tied to PRU&#039;s real estate affiliate, potentially influencing long-term fee income and AUM growth.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>PRU&#039;s PGIM Real Estate unit with $1.4T AUM remains a key revenue and fee-base.</li><li>LoHi project signals continued capital deployment into urban rental housing.</li><li>Cross-border finance by Helaba underscores international investor interest in U.S. residential assets.</li><li>No immediate earnings impact; likely modest incremental management fees over time.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Groundbreaking date: Aug. 3, 2026.</li><li>Development consists of 420 upscale apartment homes.</li><li>Location: LoHi, Denver off Speer Boulevard and Zuni Street.</li><li>Partners: Kairoi Residential, PGIM Real Estate, Helaba Bank.</li><li>PGIM Real Estate is PRU&#039;s asset management arm with $1.4T AUM as of Mar 31, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral near term; potential upside for PRU as PGIM Real Estate expands high-end urban assets.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">DENVER</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">Aug. 3, 2026</span> /PRNewswire/ -- San Antonio-based Kairoi Residential, in partnership with PGIM and Helaba Bank, has broken ground on an ultra-luxury Class A multifamily development in Denver&#39;s vibrant Lower Highlands (&#34;LoHi&#34;) neighborhood.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS1830781/Kairoi-Residential-Logo.jpg?id=OA2819926" title="Kairoi Residential is a premier, vertically integrated multifamily development, investment, and property management firm. Guided by its mission to Be Remarkable and its commitment to Modern Stewardship, Kairoi has built an expansive portfolio of apartment communities across the country." alt="Kairoi Residential is a premier, vertically integrated multifamily development, investment, and property management firm. Guided by its mission to Be Remarkable and its commitment to Modern Stewardship, Kairoi has built an expansive portfolio of apartment communities across the country."></img>
                </p>
    </div>
<p xmlns="http://www.w3.org/1999/xhtml">&#34;We are thrilled to break ground on this transformative project in the LoHi neighborhood,&#34; said Tyler Sibley, Principal of Kairoi Development. &#34;This project is the culmination of nearly a decade of dedicated pursuit and extensive planning with an exceptional team of design and construction professionals. Our vision is to deliver one of the highest-quality multifamily communities in the country featuring thoughtfully crafted residences, a best-in-class amenity package and seamless connectivity to all that the LoHi neighborhood and Denver metro area has to offer.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Per Helaba, &#34;This financing underlines Helaba&#39;s commitment to high quality residential real estate in strong urban markets and to projects that create modern rental housing and vibrant communities. In a market environment that remains challenging and selective, Helaba continues to focus on resilient assets and experienced partners with strong track records in development and asset management. Kairoi and PGIM embody these qualities, and this transaction reflects our strategy of disciplined new business.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml">Located off Speer Boulevard and Zuni Street, the development will feature 420 upscale apartment homes consisting of studio, one-, two- and three-bedroom residential units. Tailored amenities include a sky pool deck with sweeping views of downtown Denver, dedicated men&#39;s and women&#39;s health and wellness spas, a 24-hour fitness center, work from home spaces, state-of-the-art golf and ski simulators, multiple sky lounges, and expansive outdoor social spaces.</p><p xmlns="http://www.w3.org/1999/xhtml">&#34;This development reflects our strong conviction around high-quality rental housing in markets supported by durable demand and long-term growth,&#34; said Soultana Reigle, head of U.S. equity for PGIM&#39;s Real Estate investment group. &#34;Denver&#39;s LoHi neighborhood combines walkability with access to employment, and our partnership with Kairoi and Helaba Bank allows us to deliver a differentiated residential community while investing with discipline and selectivity on behalf of our investors.&#34;</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">ABOUT KAIROI</b></p><p xmlns="http://www.w3.org/1999/xhtml">KAIROI RESIDENTIAL is a partner-led company with a unified approach to investing, developing and managing multifamily communities.</p><p xmlns="http://www.w3.org/1999/xhtml">Kairoi has been involved in the business of developing and owning multifamily properties since 2002. Over the course of our existence, we have developed or owned in excess of 57,000 units in many cities and states across the country. Kairoi Residential has developed approximately $2.5B in new developments in San Antonio, Dallas, Chicago, Denver, Houston, Miami, Charlotte, and Austin.</p><p xmlns="http://www.w3.org/1999/xhtml">For more information, please visit: <a xmlns="http://www.w3.org/1999/xhtml" href="https://edge.prnewswire.com/c/link/?t=0&amp;l=en&amp;o=4743459-1&amp;h=1933305703&amp;u=http%3A%2F%2Fwww.kairoi.com%2F&amp;a=www.kairoi.com" target="_blank" rel="nofollow">www.kairoi.com</a></p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">ABOUT PGIM </b></p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">PGIM Real Estate<br xmlns="http://www.w3.org/1999/xhtml"></br></u></b>PGIM is the global asset management business of Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/PRU">PRU</a>), with $1.4 trillion in assets under management.<sup xmlns="http://www.w3.org/1999/xhtml">1</sup> PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions, including fixed income, equities, real estate and alternatives. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information, visit pgim.com.</p><p xmlns="http://www.w3.org/1999/xhtml">Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&amp;G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.<br xmlns="http://www.w3.org/1999/xhtml"></br>1 As of Mar. 31, 2026.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">ABOUT HELABA</b></p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">Helaba<br xmlns="http://www.w3.org/1999/xhtml"></br></u></b>Helaba (Landesbank Hessen-Thüringen) is one of Germany&#39;s leading commercial banks, serving as both a central clearing institution for regional savings banks and a development bank for the states of Hesse and Thuringia. Headquartered in Frankfurt and Erfurt, the bank manages approximately €201.8 billion in total assets and employs around 6,000 people worldwide. Helaba provides a broad range of financial services, with a particular focus on corporate banking, real estate finance, and public-sector lending. The bank also maintains an international presence through key offices in major financial centers, including London, Paris, New York, and Shanghai.</p><p xmlns="http://www.w3.org/1999/xhtml">For more information visit <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.helaba.com" rel="nofollow">www.helaba.com</a></p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=DA16869&amp;sd=2026-08-03"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/kairoi-residential-pgim-and-helaba-bank-have-broken-ground-on-their-ultra-luxury-mid-rise-development-in-denvers-lower-highlands-lohi-neighborhood-302840246.html" target="_blank">https://www.prnewswire.com/news-releases/kairoi-residential-pgim-and-helaba-bank-have-broken-ground-on-their-ultra-luxury-mid-rise-development-in-denvers-lower-highlands-lohi-neighborhood-302840246.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Kairoi Residential</p>

San Antonio-based Kairoi Residential, with PGIM Real Estate and Helaba Bank, broke ground on a 420-unit ultra-luxury mid-rise in Denver's LoHi. The project underscores PGIM's continued deployment of PRU-backed assets in core urban markets, signaling potential fee-income growth and AUM expansion for PRU's real estate platform in a durable demand segment.

News insight

Kairoi Residential, PGIM, and Helaba Bank Have Broken Ground on their Ultra-Luxury Mid-Rise Development in Denver's Lower Highlands (LoHi) neighborhood.

AI summary

Sentiment rationale

Key facts

Corporate Developments