Acquisitions & development at MBK Senior Living in Irvine, California

Acquisitions & Development

Acquisition Criteria – Existing Senior Living Properties

Geographic Locations*: California, Arizona, Nevada, Oregon, Washington, Colorado, Utah & Texas

Area Demographics: Middle to upper middle class neighborhoods with high concentrations of seniors and adult children (Age 45 -64) current and positive forward trend

Service Offering: Stand alone or combination of IL, AL and Memory Care in a campus setting

Unit Capacity: 75 units or greater

Property Status:

  • Stabilized properties with opportunity for upside as well as distressed or management challenged properties
  • Class “A” or “B” properties built after 1985
  • No tax credit or low-income property
  • No skilled nursing care

*For a portfolio, we will consider acquisition opportunities outside of the areas noted above.

Exterior entrance at MBK Senior Living in Irvine, California
Hand written blueprints at MBK Senior Living in Irvine, California

Development Site Criteria

Geographic Locations: California, Arizona, Nevada, Oregon, Washington, Colorado, Utah & Texas

Area Demographics: Middle to upper middle class neighborhoods with high concentrations of seniors and adult children ( Age 45 -64) current and positive forward trend

Site Size: 3 – 10 acres

Site Zoning: Multi-family preferred

Surrounding Use:

  • Retail and other services within 2 miles
  • Hospitals and major medical facilities within 5 miles
  • Close to upper middle class residential with parks and open space

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