IRVINE, Calf. — MBK Real Estate Cos. has hired Jeff Fischer as president of the company’s senior living division, MBK Senior Living. In his new role, Fischer lead MBK Senior Living’s strategic operations plans, team building and leadership, as well as drive division’s ongoing growth.
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SACRAMENTO, Calif. — Monticello Asset Management, through one of its investment vehicles, has participated in a $14.3 million bridge-to-HUD loan to 2200 Gramercy Drive LLC. The borrower will use the funds to acquire an assisted living and skilled nursing facility in Sacramento.
NEW YORK AND TOKYO — SoftBank Group Corp., a Tokyo-based tech conglomerate, has entered into a definitive merger agreement under which the company will acquire equity firm Fortress Investment Group LLC (NYSE: FIG) for approximately $3.3 billion in cash. Fortress is an investor in both independent living giant Holiday Retirement and publicly traded seniors housing REIT New Senior Investment Group.