Watermark Companies Closes on Canvas at Centennial, Expending its Colorado BTR Portfolio

sunset photo overlooking denver

May 7, 2026 | Centennial, CO

Watermark Companies, a leading real estate development and construction firm specializing in Build-to-Rent (BTR) communities, is proud to announce the official closing on Canvas at Centennial — a thoughtfully designed, 114-home townhome community located in Centennial, Colorado. This milestone marks Watermark’s fourth Canvas community in Colorado and 21st BTR community nationwide.

A Community Built for Modern Living

Canvas at Centennial will offer 114 spacious townhomes across two-, three-, and four-bedroom floor plans, designed to meet the diverse needs of today’s renters. Each home will feature premium amenities including two-car attached garages, private patios and balconies, and integrated smart-home technology — delivering the space and privacy of homeownership with the flexibility of a lease. Residents will also enjoy the convenience of a professionally managed, maintenance-free community.

A Premium Location in the Denver Metro

Situated approximately 20 miles south of Denver in Arapahoe County, Centennial consistently ranks as one of the most desirable suburbs in the Denver Metro area. Canvas at Centennial is ideally positioned near State Highway 470 and I-25, providing residents with seamless access to top-rated schools, major employment hubs, world-class outdoor recreation, and all that Colorado has to offer.

Looking Ahead

With site work and horizontal construction starting immediately, homes for Canvas at Centennial are anticipated to be available for leasing in 2027. For more information, visit liveatcanvas.com.