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The Carlyle Group Selects MBK Senior Living to Manage Riverside, Calif. Senior Community

IRVINE, Calif., July 22 /PRNewswire/ -- In its first venture as a third-party management company, Irvine, Calif.-based MBK Senior Living has been selected by The Carlyle Group to manage Raincross at Riverside, a Southern California senior living community. MBK will be tasked with improving occupancy and financial performance, and enhancing services and amenities at the property.

"This is the beginning of a long and profitable relationship with The Carlyle 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. "We are excited about this new growth phase into third party management and are confident that our success with The Carlyle Group will lead to similar management opportunities."

Raincross at Riverside will offer programs that meet the needs and expectations of seniors while promoting independence, individuality, self-esteem and happiness. A comprehensive menu of recreational, social and cultural opportunities provide residents with 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 Carlyle Seniors Housing, LLC, a division of The Carlyle Group. "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 the Western United States, representing over 1,100 independent, assisted and memory care units. The company has been involved in the senior living industry since 1986, and 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, assisted living and memory care communities. To learn more, visit www.mbkseniorliving.com.

The Carlyle Group is one of the world's largest private equity firms, with more than $84.5 billion under management. With 64 funds across four investment disciplines (buyouts, growth capital, real estate and leveraged finance), Carlyle combines global vision with local insight, relying on a top-flight team of 495+ investment professionals operating out of offices in 20 countries to uncover superior opportunities in North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America.

SOURCE MBK Senior Living