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MBK Senior Living Closes Acquisition of Nine New Senior Living Communities
Tuesday 10 July 2018

10 July 2018 - US-based property investor MBK Real Estate LLC's MBK Senior Living subsidiary has closed escrow on nine new senior living communities located in California, Washington and Arizona, the firm said.

This acquisition marks the company's largest single purchase and expands the portfolio to 34 owned and managed communities located throughout the Western United States.

Acquired for USD 382m, the nine communities are comprised of a mix of independent living, assisted living and memory care programmes and include nearly 1,200 units.

MSL was represented by Latham and Watkins LLP in connection with this transaction. 

MBK Senior Living owns, operates and develops senior living communities.

Koley Jessen P.C., L.L.O. served as legal counsel to West Living, LLC. Cushman and Wakefield Senior Housing Capital Markets, acting as exclusive advisor to San Diego-based West Partners, arranged the sale of the West Living, LLC portfolio.
Date Published: 10/07/2018
Target: Nine new senior living communities located in,  California, Washington and Arizona
Country: USA
Deal Size: 382m (USD)
Sector: Construction/Real Estate
Type: LBO
Financing: Cash
Status: Closed
Buyer: MBK Senior Living