What's News
News
Welcome to What's News, the place where you can find the latest information on MBK Senior Living.
Casa de Santa Fe Receives Excellence in Care Designation from Alzheimer's Foundation of America for the fourth year in a rowLearn More >>
A commitment to excellence in care and service has earned Casa de Santa Fe's Connections for Living by MBK Memory Care Neighborhood the “Dementia Program of
Distinction” status from the Alzheimer’s Foundation of America (AFA) for the
fourth consecutive year. This prestigious distinction has only been
given to 33 other memory care communities in the nation. AFA’s Excellence in Care program was developed to establish
nationwide standards of excellence in care for individuals with Alzheimer’s
disease or related dementias. To receive
a status of an “Alzheimer’s Foundation of America Excellence in Care Dementia
Program of Distinction,” an AFA Excellence in Care specialist evaluated Casa de
Santa Fe’s:
AFA recognized Casa de Santa Fe as a model of dementia care in their community; noting that the
community provides a secure environment and is well staffed with professionals
skilled in handling the behavior associated with memory impairments. Evaluators also commented that they found the
community’s service delivery to be dedicated
to providing optimal care to residents.
The SeniorCare Investors March 2013 Article about MBK GV AcquisitionLearn More >>
As printed in The Senior Care Investor – March 2013 Issue
Seniors Housing Acquisitions MBK Senior Living is doing it again. It either finds acquisition opportunities where it can make a difference or sells properties at a nice profit after owning and managing them for several years. MBK just closed on a 67-unit assisted living community in the Denver, Colorado market, and while they paid a net price of about $287,000 per unit for the relatively new building, that per-unit price will drop as they convert some of the larger, two-bedroom units into studios and one-bedrooms. It is currently licensed for 83 beds. Management believes they can increase the size of the community by 12 to 15 units with this change, and increase the occupancy from 90% to 95%. Given the large size of the community at about 70,000 square feet, this should not be a problem. After all, the more than 1,000 gross square feet per unit is more typical of an independent living community with larger units and more common space. This change should increase revenues by $500,000 to $600,000 annually, in a base-case scenario, most of which will fall to the bottom line. In-place revenues are close to $3.4 million, and the current operating margin is an attractive 35% after management fee, and that should approach 40% by the second year. Not too shabby. MBK plans on spending between $1.0 million and $1.5 million on the upgrades, which will include increasing the size of the dining room and enhancing the outside appearance. All of this will help the marketability, especially as the additional units come on line. Lisa Widmier of Vantage Pointe Capital Management & Advisory represented the seller. For more information, visit www.seniorcareinvestor.com.
Bill Breslin, Activities Assistant/Bus Driver at Huntington Terrace voted Outstanding Team Member for all of Southern CaliforniaLearn More >>
Bill Breslin, Activities Assistant/Bus Driver at Huntington Terrace, an MBK Senior Living Community was recently voted Outstanding Team Member for all of Southern California by the California Assisted Living Association(CALA). The actual award was presented to Bill in a room full of cheering friends, family and co-workers at the 2012 CALA Fall Conference & Trade Show in Anaheim California. The Outstanding Team Member Award is one of four categories in the Excellence in Service Award program sponsored by CALA twice a year. Nominations are made by member organizations and finalists chosen from the written nomination forms by the Excellence in Service Awards Committee. The committee then conducts telephone interviews with the nominating person and selects the most outstanding individual for each category.
Why was Bill selected? Well, for the past eight years Bill has made an extraordinary “must see event” out of the communities’ weekend scenic drives. He begins with meticulous research, the finds just the right music to set the tone, and tops it off by skillfully decorating the inside of the bus to suit the occasion. Year round, the walls of the bus are decorated with resident photos, making simple trips to the grocery store or medical appointments an enjoyable experience. “Bill does his job with a professionalism and love for senior s, and has morphed his role into a position that truly enhances residents’ quality of life”, said Huntington Terrace’s Executive Director.
A resident’s daughter grateful note says it all:
“Congratulations, Bill, on your well-deserved award of Outstanding Team Member of the Year an d making a wonderful difference in the lives of the elderly! We have not yet met — I live in Iowa. However, my mother is an HT resident who has spoken of you with warmth and gratitude ever since she moved into HT last August. You have treated her to delightful scenic drives and helped her to feel welcome in her new home. And since I live out of state, you also make a wonderful difference in my life, knowing that my mother is safe and having some happy times and outings. Thank You.”
Huntington Terrace is an MBK Senior Living community located in the heart of coastal Huntington Beach, California. The community provides local seniors an active campus lifestyle with a continuum of care including assisted living, Connections for Living by MBK℠- memory care and short term/respite stays with a variety of apartment options including private casitas, spacious one bedroom suites and gracious studios. For more information about Huntington Terrace, visit our website at www.mbkseniorliving.com or call us today 714-848-8811.
The FIRS, an MBK Senior Living community, was voted “2012 Best of South Sound – Best Retirement Home/Assisted Living"Learn More >>
The FIRS, an MBK Senior Living community, was voted “2012 Best of South Sound – Best Retirement Home/Assisted Living by readers of The Olympian newspaper and website. Businesses in Olympia, Tumwater and Lacey were eligible for election to the Thurston and Lewis County Best of list. “It is truly an honor to receive the Best of South Sound recognition for the first time in The Firs thirty year history and just two years after MBK Senior Living purchased and took over management of the community. This acknowledgement is a testament to MBK’s enduring purpose to exceed the quality, service and care expectations of those we serve”, said Danielle Morgan, Senior Vice President of Operations. Located at the edge of the picturesque Chehalis Western Trail in Olympia, Washington, The Firs is a full service active community for seniors desiring a warm, friendly supportive environment. The Firs is easily accessible to shops, dining and entertainment in and around the capital city of Olympia. It is located near the Farmer’s Market. Percival Landing, St Peter Medical Center as well as a variety of other services. The Firs currently serves over 125 residents and their families and includes a team of over 35 dedicated associates with a management team averaging 5 or more years of service. The community was recently remodeled with plans for additional improvements in the months to come. “We want to thank our residents and their families, local neighbors, business associates and The Olympian readership for recognizing The Firs as 2012 Best of South Sound winner for Best Retirement Home/Assisted Living. We are thrilled to be recognized with this honor and welcome the community to stop by for a visit to experience the best of the best for yourself”, explained Susan Dale, Executive Director. The Firs is located at 426 Lilly Rd. N.E. Olympia, Washington, 98506. For more information about The First contact us at 360-456-3477 Media Contact:
Robin Craig
Corporate Director of Marketing
MBK Senior Living
robincraig@mbk.com
949-242-1418K
MBK Senior Living Expands Portfolio with the Acquisition of the Inn at Greenwood Village in Denver, ColoradoLearn More >>
MBK Senior Living has closed escrow on The Inn at Greenwood Village, a senior living community in Denver, Colorado. This is the second community that MBK owns and operates in Colorado having recently acquired The Palisades at Broadmoor Park in Colorado Springs. Acquisition of The Inn adds 67 Assisted Living units to the existing MBK Senior Living portfolio which brings the overall portfolio of owned and managed properties to a total of over 2300 units.
"We are thrilled to introduce The Inn at Greenwood Village residents and their families as well as the entire Denver community to MBK's heritage of commitment to exceed the quality, service and care expectations of those we serve, " said Terry Howard, president of MBK Senior Living. "We are also very pleased to be acquiring a team of compassionate, caring and talented individuals who share our passion for working with seniors and their families," Howard added.
Nestled in Greenwood Village, the established and highly- regarded residential area of The Denver Tech Center, The Inn at Greenwood Village is a warm, intimate assisted living community with high-quality personalized care and an active service enriched lifestyle. Members of The Inn at Greenwood Village community enjoy the family like environment and take advantage of a wide range of amenities including the spacious exterior courtyard, convenient Sunroom, elegant dining room, cozy bistro, comfortable library/fireplace lounge and gracious theatre. Residents of The Inn enjoy award-winning chef prepared cuisine, restaurant style dining, scheduled transportation, housekeeping and linen services, 24 hour security and an array of social, recreational, wellness and educational classes and activities. Seniors can choose from a variety of apartment styles ranging from Studios to Deluxe Two Bedrooms, some with private balconies. The Inn is known for having some of the most spacious, well-appointed assisted living suites in the area. For more information about The Inn at Greenwood Village, contact us at (303)327-7340 or visit us at www.mbkseniorliving.com.
MBK Senior Living, LLC, headquartered in Irvine, CA, is actively involved in the acquisition, development and third-party management of high quality senior living communities throughout the western United States. Led by Terry Howard, President, MBK's overriding mission is "to exceed the quality, service and care expectations of those we serve". MBK currently owns or manages eighteen independent living, assisted living and memory care communities in CA, CO, WA, UT, and AZ.
MBK Senior Living Celebrates Senior Living with Huntington TerraceLearn More >>
Huntington Terrace, an MBK Senior Living Community serving Orange County seniors and their families for over 25 years, has just unveiled its new all-new signature memory care neighborhood, Connections for Living by MBK serving residents with dementia who require specialized care and programming. The new neighborhood is part of the existing Huntington Terrace senior living community in Huntington Beach, Calif.
MBK Senior Living Expands Portfolio to Colorado with the Acquisition of the Palisades at Broadmoor ParkLearn More >>
MBK Senior Living has closed escrow on The Palisades at Broadmoor Park, a senior living community in Colorado Springs, Colorado. The Palisades at Broadmoor Park is the first community that MBK Senior Living owns and operates in Colorado. This acquisition is the 17th community to become part of the expanding MBK Senior Living portfolio adding 51 Independent Living units, 45 Assisted Living units and 19 Memory Care suites bringing the overall company portfolio to a total of 2214 units. "We are thrilled to introduce The Palisades residents and their families as well as the entire Colorado Springs Community to MBK's mission to exceed the quality, service and care expectations of those we serve, " said Terry Howard, president of MBK Senior Living. " We are also looking forward to sharing our experience, knowledge and passion for improving the quality of life for seniors and their families by furthering key relationships with local organizations and institutions who have contributed to The Palisades success thus far," added Howard.
Located in Southwest Colorado Springs within the established Broadmoor Park community, The Palisades provides an active service enriched lifestyle within a campus like setting as well as high quality assisted living and memory care services. As members of The Palisades at Broadmoor Park community, residents can take advantage of a wide range of amenities including state of the art fitness center, indoor saline swimming pool, formal dining room and terrace with mountain views, casual cafe, salon and spa, and Colorado Springs Health Partners (CSHP) onsite Wellness Clinic. Residents of The Palisades enjoy award winning chef prepared cuisine, restaurant style dining, scheduled transportation, housekeeping and linen services, 24 hour security and an array of social, recreational, wellness and educational classes and activities. Independent living residents may choose from a variety of spacious floor plans including private patio homes and cottages as well as luxury apartment homes. Shared and private suites are available for individuals who require assisted living and memory care services. MBK will also be introducing their innovative Connections for Living program designed to enrich the quality of life for individuals diagnosed with Alzheimer's and other dementias. Headquartered in Irvine, California and backed by the established global presence of Mitsui and Company, Ltd. , MBK Senior Living is are actively involved in the acquisition, development and third-party management of high quality senior living communities providing independent and assisted living as well as our signature Connections for Living memory care neighborhood. Our principles and core values are built on exceeding the expectations of our customers and their families by continually delivering on our promises, providing high quality, innovative services and programs, responding immediately and effectively to residents needs and concerns, creating a positive work culture full of inspired, well trained passionate associates and maintaining financial responsibility in the operation of our business. It is our ultimate pursuit "to be the senior living provider of choice in each market we serve". MBK currently owns or manages seventeen independent living, assisted living and memory care communities in CA, CO, WA, UT, and AZ.
MBK Senior Living Expands Portfolio in Northern California with the Acquisition of Oakmont GardensLearn More
MBK Senior Living has closed escrow on Oakmont Gardens (OG), a senior living community in Santa Rosa, California. Oakmont Gardens is the second community that MBK Senior Living owns and operates in Northern California. This acquisition is the 16th community to become part of the expanding MBK Senior Living portfolio adding 124 Independent living units and 39 Assisted Living units bringing the overall company portfolio to a total of 2099 units.
"We are thrilled to introduce Oakmont Gardens current residents and their families as well as the entire Oakmont Village Community to MBK's heritage of commitment to exceed the quality, service and care expectations of those we serve, " said Terry Howard, president of MBK Senior Living. "We are also very pleased to be acquiring a team of compassionate, caring and talented individuals who share our passion for working with seniors and their families," Howard added.
Located on White Oak Drive just east of Downtown Santa Rosa within the popular Oakmont Village Retirement Community, Oakmont Gardens provides an active service enriched lifestyle within a campus like setting as well as quality assisted living services. Residents may choose from four spacious newly remodeled one or two bedroom floor plans. As members of the Oakmont Village, residents can take advantage of a wide range of amenities including swimming pools, soothing spas, golf course, tennis, new fitness center, library and lawn bowling. The Oakmont Gardens campus includes a variety of garden courtyards, a formal dining room, casual cafe, cozy library with fireplace, beauty salon/barber shop and much more. Residents of Oakmont Gardens enjoy restaurant style dining, scheduled transportation, housekeeping and linen services, 24 hour security and an array of social, recreational, wellness and educational classes and activities.
MBK Senior Living, LLC, headquartered in Irvine, CA, is actively involved in the acquisition, development and third-party management of high quality senior living communities throughout the western United States. Led by Terry Howard, President, MBK's overriding mission is "to exceed the quality, service and care expectations of those we serve". MBK currently owns or manages sixteen independent living, assisted living and memory care communities in CA, WA, UT, and AZ.
MBK Senior Living Expands Senior Living Portfolio into Arizona with the Acquisition of The Country Club of La ChollaLearn More >>
MBK Senior Living, an Irvine, CA based owner/operator of independent living, assisted living and memory care communities throughout the Western United States, has closed escrow on The Country Club of La Cholla (CCLC) a senior living community in Tucson, Arizona. The Country Club of La Cholla is the company's first senior living community in the state of Arizona. This acquisition is the 15th community to become part of the expanding MBK Senior Living portfolio adding 223 Independent living units bringing the overall company portfolio to a total of 1,936 units.
"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. "We are also very pleased to be acquiring a team of compassionate, caring and talented associates who share our passion for working with seniors and their families," Howard added.
Located on La Cholla Boulevard just south of Oro Valley in North Tucson, The Country Club of La Cholla provides an active, service enriched lifestyle within a campus like setting. Residents may choose from an array of spacious floor plans including one or two bedroom apartments as well as private casitas. Community amenities include a 25,000 foot central Clubhouse with two dining rooms, a bistro, a pub, a large banquet room with dance floor, two great rooms, game room, library, computer lab, wellness center, activities room and beauty salon/barber shop as well as an outdoor pool and spa. Residents of The Country Club of La Cholla enjoy restaurant style dining, scheduled transportation, housekeeping and linen services , 24 hour security and an array of social, recreational, wellness and educational classes and activities.
MBK Senior Living, LLC, headquartered in Irvine, CA, is actively involved in the acquisition, development and third-party management of high quality senior living communities throughout the western United States. Led by Terry Howard, President, MBK's overriding mission is "to exceed the quality, service and care expectations of those we serve". MBK currently owns or manages fifteen independent living, assisted living and memory care communities in CA, WA, UT, and AZ.
MBK Senior Living Expands Portfolio to Include Four Utah PropertiesLearn More >>
IRVINE, Calif. (June 14, 2011) - MBK Senior Living recently closed escrow on a four property portfolio in and around Salt Lake City, Utah. This acquisition marks MBK's first foray into Utah and expands the company's portfolio by 419 units, bringing MBK's total capacity to 1,713 units. The Utah portfolio includes 389 Assisted Living units and 30 Memory Care units.
"We are thrilled to be introducing MBK Senior Living's tradition of quality service and resident care to these four new communities in Utah," said Terry Howard, president of MBK Senior Living. "This expansion is an essential element of our strategic growth plan, and we are looking forward to providing high quality communities, that exceed the quality, service and care expectations of those we will serve in this new market."
MBK Senior Living, LLC is led by Terry Howard, president, and is owned by MBK Real Estate, LLC. Involved in the senior living industry since 1986, the firm is active in the acquisition, development and third-party management of high quality senior living assets throughout the Western and Southwestern United States. These include multiple levels of care, ranging from independent living and assisted living to memory care communities.
Huntington Terrace Employee Named " Outstanding Caregiver"Learn More >>
Irvine, Calif. (November 5, 2010) - Huntington Terrace retirement community's veteran caregiver, Patti Gonzalez, is the 2010 recipient of the California Assisted Living Association (CALA) "Outstanding Caregiver" award.
Gonzalez received her well-earned award on October 25th at CALA's annual Fall Conference in Costa Mesa, Calif. CALA chooses award recipients based on their commitment to providing outstanding, quality care and service to residents in the Assisted Living communities where they work.
According to Terry Howard, president of MBK Senior Living, the owner and operator of Huntington Terrace, Gonzalez approaches ordinary tasks in extraordinary ways. For more than 14 years she has cared for residents as though they were an extension of her own family.
Located in the beautiful coastal community of Huntington Beach, Huntington Terrace offers Independent Living and Assisted Living residences. Situated on three acres of meticulously landscaped grounds and gardens, the community features walking pathways to an activities center that includes a heated swimming pool, putting green, clubhouse with sundeck, and gazebo. Huntington Terrace residents enjoy all the comforts and conveniences of retirement living including: restaurant dining; social, recreational and educational activities; weekly housekeeping; regular resident wellness assessments; and more. For more information regarding Huntington Terrace, call (714) 848-8811.
ABOUT MBK SENIOR LIVING
ABOUT CALIFORNIA ASSISTED LIVING ASSOCIATION
MBK Senior Living, LLC is led by Terry Howard, president, and is owned by MBK Real Estate, LLC. Involved in the senior living industry since 1986, the firm is active in the acquisition, development and third-party management of high quality senior living assets throughout the Western United States. These include multiple levels of care, ranging from independent living and assisted living to memory care communities. For more information about MBK Senior Living, please call Terry Howard at (949) 242-1410, or visit www.mbkseniorliving.com.
CALA represents over 400 Assisted Living communities. Members range from small independently operated communities to large multi-national organizations. CALA is dedicated to the betterment of Assisted Living and provides leadership through advocacy efforts and education to support providers in their efforts to offer the highest quality programs and services to their residents.
