MBK
Senior Living, LLC, owns, develops and operates independent
and assisted living communities. We are currently seeking
acquisition and development opportunities within California.
Existing
Senior Living Properties Acquisition Criteria:
 |
Geographic
Locations: California, Arizona, Nevada, Oregon and
Washington |
|
100
to 300 units with majority of units exceeding 500 square
feet |
|
Combination of IL and AL
(Small percentage
of ALZ acceptable - less than 25% of total units) |
|
Low occupancy, poorly managed or distressed
properties are acceptable as well as stabilized properties
with opportunity for upside |
|
Middle
to upscale locations with high concentrations of seniors
and the 45-64 age population |
|
Current
occupancies of 70% to 90% |
|
Class "A" properties built
after 1985 |
|
No tax credit or low income |
Development Sites:
|
4
to 10 acre sites |
|
Middle
to upscale locations with high concentrations of seniors
and the 45-64 age population |
|
Located
within 5 miles of hospitals or major medical facilities |
|
Located
within 2 miles of retail and other services |
|
Zoning
- multifamily preferred |
Mission Statement:
"To become an industry leader in providing service, quality care and value to
our residents."
MBK Senior Living will achieve its mission by creating environments that
enrich the lives of our residents, maximize the potential of our employees,
and meet the financial expectations of our owners.
|
