MBK Senior Living Adds 6th Community to Portfolio in 30 Days

By: PRLog
Company Launches Selection Process Immediately for New President
IRVINE, Calif. - Sept. 9, 2016 - PRLog -- As part of MBK Senior Living's aggressive growth strategy and commitment to serving seniors, the company has added six communities over the last month. The rapid expansion has continued despite the recent departure of Terry Howard, who resigned as president in August.

According to Danielle Morgan, MBK's chief operating officer, Howard's exit has not affected the company's growth strategy or any of the company's third-party management contracts. In fact, amidst the selection process for a new president, MBK Senior Living has completed the purchase of The Commons at Dallas Ranch in Antioch, California on September 1st.

The Commons is comprised of 109 assisted living and memory care units. The community features spacious studio, one- and two-bedroom apartments as well as a host of amenities including formal dining room, library/media center, card room, fitness center, beauty/barber shop and theater. The purchase price was not disclosed.

"MBK Senior Living is dedicated to being the preferred senior living provider in the markets we serve," said Danielle Morgan, chief operating officer for MBK Senior Living. "We are thrilled to add The Commons to our portfolio of premier senior living communities."

In late July, through a partnership with Capitol Seniors Housing, a real estate private equity firm, MBK assumed operations of Fairview Commons in Costa Mesa, California. A week later, the company also began managing four other Capitol Seniors Housing properties in the Seattle, Washington area – The Creekside, Island House, Mountainlake Terrace Plaza and Northgate Plaza.

MBK Senior Living's portfolio of owned and managed communities now includes a total of 2,465 units within 22 independent, assisted living and memory care communities located in Arizona, California, Colorado, Utah and Washington.

With the financial strength and global resources of parent company Mitsui & Co., MBK Senior Living will execute the company's strategic business plan to expand its healthcare and senior living division in the United States. In addition to identifying a new president, MBK Senior Living has plans to enhance its acquisition team with the expectation of doubling company assets within the next two years.

"MBK Senior Living is poised and ready to meet the swelling demand for high-quality senior living housing and person-centered care," said Morgan. "Building on over a decade of experience, we look forward to continuing to fulfill our purpose to exceed the quality, service and care expectations of those we serve."

MBK Senior Living, LLC, headquartered in Irvine, CA, is actively involved in the acquisition, development and third-party management of high quality senior living communities throughout the western United States. MBK's overriding mission is to exceed the quality, service and care expectations of the seniors they serve. MBK currently owns or manages 22 independent living, assisted living and memory care communities in the western United States. For more information about MBK Senior Living, call (949) 242-1410 or visit www.mbkseniorliving.com.

Contact
Robin Craig
Corporate Director of Marketing
***@mbk.com

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