MBK Makes $382 Million Senior Housing Play on West Coast

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 […]

Movers & Shakers: Brookdale Hires Interim CFO, Ventas’ New MOB Leader

Brookdale Senior Living Hires Interim CFO Brookdale Senior Living’s board of directors has appointed Teresa Sparks as the company’s interim CFO, effective March 28. Sparks is taking over for Lucinda Baier, who left the CFO role to become Brookdale’s new president and CEO last month. The company will continue to search for a permanent CFO during Sparks’s […]

Movers & Shakers: Lancaster Pollard, Ziegler, Argentum

Lancaster Pollard Names New Senior Managing Director Lancaster Pollard has promoted Jason Dopoulos to the role of senior managing director. Dopoulos, who has been with the firm since 2007 and has managed its health care bankers in the Southwest since 2013, will now also oversee banking efforts for Lancaster Pollard in the Northwest. In addition […]

Movers & Shakers: Legacy, Oakmont, Front Porch

Always Best Care Names New Territory Owner Roseville, California-based Always Best Care Senior Services has named husband-and-wife team Ethan and Ian Kim as the new owners of its San Diego South Territory. The agency provides non-medical in-home senior care services and free assisted living placements to local communities like Coronado, Downtown North Park, South Bay and […]

In the Pipeline: Senior Housing Construction Projects (6/1/17)

(Rendering of Windsor at Celebration — photo courtesy of Life Care Services) Construction: Planned Lifespace Communities Plans $39 Million Expansion Near Pittsburgh Lifespace Communities plans to break ground soon on a major renovation project at its Friendship Village of South Hills comunity in Upper St. Clair, Pennsylvania, which is near Pittsburgh. The $39.5 million project will […]

Former Brookdale Exec to Lead New Senior Living Operator

Those who believe senior housing needs more high-quality operators might welcome a new entrant helmed by a former executive with industry giant Brookdale, backed by an investment firm with bona fides in the sector. Nashville-based Vitality Senior Living currently is pursuing new development in several markets in the Midwest, Northeast, and Southeast, and expects to […]

Senior Housing Investments & Transactions: Réseau Sélection, CareTrust REIT

Réseau Sélection Acquires Three Residences, Eyes New Markets Réseau Sélection, the largest private sector owner, operator, buyer and developer of retirement communities in Quebec, announced that it has acquired three prestige properties in the Greater Montreal area: the residences previously managed by Symphony in the West Island and in Nun’s Island, and the residence Vista […]