MBK Senior Living President Terry Howard has resigned from the company to pursue new development opportunities, Senior Housing News has learned. The Irvine, California-based senior living provider owns, operates and develops communities across five states under its parent company, Japan-based Mitsui and Company.
“Terry Howard has resigned from MBK Senior Living, and we wish him well in his future endeavors,” a company representative confirmed in an email to Senior Housing News. MBK did not specify who would fill the president role upon Howard’s departure.
Howard, who took the helm as president of MBK Senior Living in 2004, came to the post after having started his career 20 years earlier in a marketing and sales capacity for a senior living community. He says his pursuit of new opportunities led to his decision to leave MBK.
“I had a very rewarding 12-year run with MBK Senior Living, and Mitsui was a great capital partner for our division,” Howard tells SHN. “I’m looking to do some alternative product types within the senior living space with a more specific focus on ground-up development. I wish our MBK team the very best as I pursue some really exciting opportunities on the horizon.”
Currently, MBK’s senior living portfolio includes 21 communities in Arizona, Colorado, California, Utah and Washington, with additional development projects under way.
Written by Elizabeth Ecker