MBK Real Estate, the Irvine, California-based subsidiary of Tokyo-based Mitsui & Co., Ltd., has announced an agreement to acquire nine senior housing properties from West Living for $382 million. MBK Senior Living, the senior living division of MBK Real Estate, will manage the properties, which are located in California, Washington and Arizona. MBK Real Estate currently owns and/or […]
MBK Senior Living
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards. Sign up for the SHN Architecture & Design Newsletter from SHN for updates on architecture and design trends, the annual SHN Awards Competition. Construction: In progress $150 Million Senior Living Community Coming Together Near Denver Cappella Living Solutions will […]
Welltower Acquires CCRC in Florida for $130 Million Toledo, Ohio-based health care real estate investment trust (REIT) Welltower, Inc. (NYSE: WELL) has officially acquired Stratford Court of Boca Pointe, a 527-bed continuing care retirement community (CCRC) in Boca Raton, Florida, for $130 million, according to the South Florida Business Journal. The seller was Newton, Massachusetts-based REIT Senior Housing Properties […]
A new real estate investment trust (REIT) specializing in student and senior housing is undertaking an initial public offering (IPO), offering up to $1 billion in shares. The newly organized Maryland REIT, Strategic Student & Senior Housing Trust, is sponsored by SmartStop Asset Management, a diversified real estate company that has focused primarily on on self storage […]
Golden West Senior Living Sells Community to Chicago Investors Golden West Senior Living has announced the sale of Flatirons Terrace, a 54-unit independent living community in Boulder, Colorado, to Harrison Street Real Estate Capital, a private equity firm based in Chicago. Dial Retirement Communities, of Omaha, Nebraska, will operate the community. Financial terms of the […]
HCP Names New Senior Vice President and Chief Accounting Officer California-based real estate investment trust (REIT) HCP (NYSE: HCP) named Shawn Johnston to the role of vice president and chief accounting officer, the company announced. Johnston starts his new job on Aug. 15. Johnston is replacing HCP’s current Chief Accounting Officer, Scott Anderson, who is […]
MBK Senior Living Names New President MBK Senior Living, the senior living division of MBK Real Estate LLC, named Jeff Fischer as president. In the role, Fischer will be responsible for leading the execution of MBK Senior Living’s strategic operations plans, team building and leadership, as well as providing a key role in the division’s […]
SunTrust Banks Closes on Acquisition of Pillar Financial’s Multifamily Business SunTrust Banks Inc. (NYSE: STI) recently closed on its previously announced acquisition of all of the assets of the operating subsidiaries of Pillar Financial LLC, which includes receiving Freddie Mac, Fannie Mae, and Federal Housing Administration Agency license transfer approvals. The acquired assets include Pillar’s multifamily […]
This coverage of the 2016 National Investment Center for Seniors Housing & Care Fall Conference is brought to you by Mainstreet. As the nation’s largest developer of transitional care properties, Mainstreet specializes in real estate development, value investments and health care. With Mainstreet’s support, SHN is bringing event coverage of the NIC conference, which draws […]
MBK Senior Living has had a big month, having recently grown its community portfolio from 16 properties to 22. And based on the company’s expansion plans, this could be only the start of a new era for the Irvine, California-based provider. It is continuing an aggressive push that could see it double in size and […]
Subscribe
Receive industry updates and breaking news from SHN