Healthcare real estate transactions are taking longer to complete, and the slowdown is driven more by rising concerns about federal funding stability than by weak demand or poor market funda...
The True Life Companies Sells Townhome Phase of Eastlake Community to Mill Creek Residential
Written by:
Date:
19 Feb 2026
Share via Facebook
Share via Linkedin
Share via X
Copy to clipboard
The True Life Companies’ Eastlake project in the Denver metro area sold to Mill Creek Residential in late 2025. Renderings and site plans are not final and are subject to change.
Denver-based firm advances large-scale, mixed-use development in Thornton, Colorado
DENVER, CO – The True Life Companies, LLC (“TTLC”), the Denver-based real estate investment and development firm specializing in attainable for-sale housing (along with its subsidiaries, The True Life Companies Elite Fund I, LLC (“EFI”); and The True Life Companies Elite Fund III, LLC (“EFIII”), collectively the “Funds”), has announced the sale of the townhome phase of its Eastlake project in Thornton, Colorado, to Mill Creek Residential. The 167-unit townhome component is part of a larger 24.5-acre master-planned community designed to include multifamily residences, open space, and neighborhood-scale commercial development.
“Eastlake didn’t happen by accident. It’s the result of years of hard work, persistence, and the discipline to stay true to our thesis even when markets shift,” said Scott Clark, CEO of The True Life Companies. “This exit is a reminder that our strategy is designed for resilience. And when we continue doing the work, the results follow.”
The Eastlake community offers convenient access to public transportation, recreational amenities, and nearby employment centers. The project is situated within close proximity to downtown Denver, making it an attractive option for residents seeking both accessibility and community-oriented living. The community is planned to feature open spaces and integrated amenities designed to support walkable, connected living.
The sale of the townhome phase marks the completion of the first component in the project’s multi-phase development plan. The remaining multifamily portion of approximately 340 units continues to advance and is targeted for a future exit.
This sale is just the latest example of TTLC’s continued mission: to bring attainable for-sale housing to constrained metro markets across the U.S., helping the next generation of young homebuyers achieve their piece of the American Dream.
To date, the Funds have invested capital into dozens of properties in some of the nation’s most highly constrained housing markets.
To learn more about TTLC and its projects, contact The True Life Companies at 720.210.9970 or [email protected]
About The True Life Companies
The True Life Companies (TTLC) is a Denver-based firm that seeks to repurpose urban infill real estate into residential development opportunities with a repeatable and effective process. TTLC acts as a supply-chain provider to homebuilders in metro markets across the U.S., using data to identify infill properties with high potential, assuming control over those properties with purchase-and-sale agreements, entitling and designing site plans for new communities, and finally selling the shovel-ready parcels to builders. With offices in nine regions nationwide, TTLC is on a mission to solve the supply/demand imbalance in the housing market for the next generation of home buyers.
No Offer or Solicitation
This press release is not an offer to sell or a solicitation of an offer to buy securities. An offer to sell the Interests/Units of the Funds may be made only pursuant to its respective Private Placement Memorandum, as amended and supplemented (the “Memorandum”). The information contained herein is qualified in its entirety by the Memorandum. The offering of Interest/Units (the “Offering”) is being made by means of the Memorandum only to accredited investors who meet minimum accreditation requirements. The Offering will not be registered under the Securities Act of 1933 or the securities laws of any state and is being offered and sold in reliance on exemptions from the registration requirements of such laws. Neither the Securities and Exchange Commission nor any other federal or state agency has passed upon the merits of or given their approval to the Units, the Offering or the Memorandum.
###
Similar Articles
Explore similar articles from Our Team of Experts.
Real Estate Investment, Commercial Real Estate, Market Analysis & Policy, Industry Profiles, Top Articles
Private lending for real estate development has rapidly expanded as traditional banks reduce their exposure to construction financing. Into this opening has moved Ascent Developer Solutions,...
