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California  + Bay Area  + Senior Housing  | 

Sacramento-Area Senior Living Facility Trades for $31M

MBK Senior Living acquired Almond Heights, a 117-unit assisted living and memory care community in Orangevale, CA for a reported $31 million. Located roughly 17 miles northeast of Sacramento, the property has a mix of 85 assisted living units and 32 memory care units.

MBK Senior Living’s Jeff Fischer says, “This strategic acquisition further enriches the quality and size of MBK Senior Living’s portfolio and our commitment to expand in key markets.”

The acquisition boosts the company’s portfolio to 34 senior living communities throughout the Western United States.

IPA’s Mark Myers and Joshua Jandris handled the sale on behalf of an undisclosed Northwest family company. The pair also procured the buyer. Myers says, “Opened in September 2015, Almond Heights is a Class A facility that stabilized quickly and demonstrated strong occupancy and cash flow.”

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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