MBK Senior Living Fuels Growth Strategy with Acquisition of Nine New Communities for $382 Million

IRVINE, CA - MBK Senior Living announced the close of escrow on nine new senior living communities located in California, Washington and Arizona. This 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. 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.