Irvine, Calif.-based owner/operator MBK Senior Living recently closed escrow on a $31.9 million senior living community in Tucson, Ariz. The purchase was made with cash from an undisclosed seller.
The Country Club of La Cholla is MBK Senior Living’s first Arizona community, and it is the company’s 15th community. The acquisition adds 223 independent living units to the owner/operator’s portfolio, bringing the total number of units to 1,936. The community was 90% occupied at time of sale.
“We are thrilled to introduce CCLC’s current residents and their families, as well as the entire Tucson area to MBK’s mission to exceed the quality, service and care expectations of those we serve,” said Terry Howard, president of MBK Senior Living and a former Tucson resident, in a statement.
The Country Club of La Cholla is located on La Cholla Boulevard and provides an active, service-enriched lifestyle in a campus-like setting. One- and two-bedroom apartments are available along with private “casitas,” and community amenities include a 25,000-square-foot central clubhouse with two dining rooms; a bistro; a pub; a large banquet room with a dance floor; two great rooms; a game room; a library; a computer lab; a wellness center; an activities room; and a beauty salon/barber shop, along with an outdoor pool and spa.
Other services include restaurant-style dining, scheduled transportation, housekeeping and linen services, 24-hour security, and various social, recreational, welness, and educational classes and activities.
MBK Senior Living owns and operators independent living, assisted living, and memory care communities throughout the Western United States and is actively involved in the acquisition, development, and third-party management of high-quality senior living communities in that region.
Written by Alyssa Gerace