Partnership Represents MBK Senior Living’s First Venture into Third-Party Management

IRVINE, CA – (JULY XX, 2009) – In its first venture as a third-party management company, Irvine, Calif.-based MBK Senior Living has been selected by The CSH Group to manage Raincross at Riverside, one of CSH Group’s Southern California senior living communities. As manager of Raincross, MBK will be tasked with improving occupancy and financial performance while also enhancing the services and amenities offered at the property.

“This is the beginning of a long and profitable relationship with The CSH Group, a company that we consider to be a leading investor/owner within the senior living industry,” said Terry Howard, President of MBK Senior Living. “MBK Senior Living’s partnership with The CSH Group, has committed to providing high quality services and amenities to the resident population.”

Like all properties managed by MBK Senior Living, Raincross at Riverside will offer a variety of service programs that meet the changing needs and expectations of seniors while also promoting independence, individuality, self-esteem and happiness. From restaurant-style dining to a comprehensive menu of recreational, social and cultural opportunities, Raincross will provide residents with these and many other options for enhancing their daily lives.

“MBK Senior Living has certainly exceeded our expectations since assuming day-to-day operations, effective April 1st,” said Scott Stewart, Founder and Managing Partner of CSH, LLC. “We look forward to a continued strong and long term relationship with MBK Senior Living as we work together to exceed the quality, service and care expectations of those we serve.”

MBK Senior Living currently owns or operates eight communities throughout California and Washington, representing over 1,100 independent, assisted and memory care units, and will continue to pursue acquisition and development opportunities.

“MBK Senior Living has delivered high-quality senior housing to communities throughout the Western United States for over 20 years,” said Howard. “We will continue to seek new acquisitions, development and third party management opportunities in our quest to own and operate between 25-20 senior living communities throughout the Western United States. We are excited about this new growth phase into third party management and our confident that our success with the CSH Group will lead to similar management opportunities.”

MBK Senior Living communities in California include Grand Oaks in Thousand Oaks, Huntington Terrace in Huntington Beach, Sterling at Vintage Hills in Temecula, Summerhill Villa in Santa Clarita and Casa de Santa Fe in Rocklin. MBK Senior Living also has two communities in Washington, Harbor Crest and Northpointe, both located in Spokane.

About MBK Senior Living
MBK Senior Living, LLC is led by Terry Howard, President, and is owned by MBK Real Estate LLC. The firm, involved in the senior living industry since 1986, is active in the acquisition, development and third party management of high quality senior living assets that include multiple levels of care, ranging from independent living and assisted living to memory care communities throughout the Western United States. For more information about MBK Senior Living, please call Terry Howard at (949) 242-1410, or visit their website at www.mbkseniorliving.com.