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MBK Senior Living Completes Largest Acquisition in Company History

July 20, 2018

IRVINE, CA–MBK Senior Living (MSL) announced July 6 the close of escrow on nine new senior living communities located in CaliforniaWashington and Arizona. The acquisition marks the company’s largest single purchase and expands the portfolio to 34 owned and managed communities located throughout the Western United States.

Acquired for $382 million, the nine communities are comprised of a mix of independent living, assisted living and memory care programs and include nearly 1,200 units. MSL was represented by Latham & Watkins LLP in connection with this transaction. Koley Jessen P.C., L.L.O. served as legal counsel to West Living, LLC. Cushman & Wakefield Senior Housing Capital Markets, acting as exclusive advisor to San Diego-based West Partners, arranged the sale of the West Living, LLC portfolio.

“This acquisition is part of MBK Senior Living’s aggressive growth strategy,” said Jeff Fischer, president of MBK Senior Living. “The West Living communities are a complement to our existing communities and allow us an enlarged presence in the markets we serve, as well as the ability to immediately expand into new areas where there is a great demand for quality senior living with engaging programing and outstanding care.”

The new MBK Senior Living communities include:

  • McDowell Village – Scottsdale, Arizona, independent living & assisted living
  • Estancia Del Sol – Corona, California, assisted living & memory care
  • The Montera – La Mesa, California, assisted living & memory care
  • The Reserve at Thousand Oaks – Thousand Oaks, California, assisted living
  • Dale Commons – Modesto, California, assisted living
  • The Commons at Elk Grove – Elk Grove, California, assisted living & memory care
  • The Commons at Union Ranch – Manteca, California, assisted living & memory care
  • The Commons at Thornton – Stockton, California, assisted living & memory care
  • The Belletini – Bellevue, Washington, independent & assisted living

“We’re thrilled to welcome these beautiful communities, current residents and team of outstanding caregivers and service providers to the MBK family and are eager to have them learn first-hand the unique benefits and offerings available through MBK’s signature programs and services,” added Fischer.

MBK Senior Living (“MSL”) owns, operates and develops senior living communities providing standalone services or a combination of Independent Living, Assisted Living and Memory Care services. For over 20 years, MBK has focused on building an experienced operations team whose skilled management adds value to both their existing community assets and new acquisitions.

Based in Irvine, CA, MBK Senior Living is a subsidiary of MBK Real Estate LLC, supported by the  financial strength and global resources of its parent company, Mitsui & Co., Ltd. MSL is a low-leverage, high-equity investor with the ability to complete an all-cash transaction based on the particular opportunity at hand and is actively seeking acquisition and development opportunities throughout the Western United States.

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