MBK Senior Living (MSL) announced the close of escrow on nine new senior living communities, making it their 34th owned and managed senior living facility.
They acquired the nine communities for $382 million in Arizona, California, and Washington, adding to their portfolio that spans throughout the Western United States.
"This acquisition is part of MBK Senior Living's aggressive growth strategy," said Jeff Fischer, president of MBK Senior Living, in a press release. "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 programming and outstanding care."
The nine communities comprise of independent living, assisted living and memory care programs, and have just under 1,200 units.
"We're thrilled to welcome these beautiful communities, current residents and a 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," said Fischer.
MSL is based in Irvine, CA and focuses on building an experienced operations team to add value to their existing community assets and new acquisitions.
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