July 8, 2018, McKnight's Senior Living - Irvine, CA-based MBK Senior Living has closed escrow on the largest single purchase in the company's 20-year history, spending $382 million to buy nine WESTliving senior living communities in Arizona, California and Washington, the company announced Friday.
The acquisition expands MBK's portfolio to 34 owned and managed communities in the Western United States. The company is a subsidiary of MBK Real Estate LLC, which has as a parent company Tokyo-based Mitsui & Co. Ltd.
The planned acquisition had been announced in May.
“This acquisition is part of MBK Senior Living's aggressive growth strategy,” MBK Senior Living President Jeff Fischer said in a statement. “The WESTLiving communities are a complement to our existing communities and allow us an enlarged presence in the markets we serve, as well as the ability to immediately expand into new areas where there is a great demand for quality senior living with engaging programing and outstanding care.”
The nine communities, which have a ........ CLICK HERE TO READ MORE