MBK Real Estate Companies Sells 198-Unit Central Valley Senior Housing Portfolio to Clarion Partners

MBK Real Estate Companies has sold a two-property seniors housing portfolio totaling 198 units in California's Central Valley to a commingled fund managed by Clarion Partners, JLL announced April 3, 2026.

Portfolio Overview: Two Central Valley Senior Housing Communities

The portfolio comprises The Commons on Thornton in Stockton and The Commons at Union Ranch in Manteca — both offering assisted living and memory care services in two-story buildings.

The Commons on Thornton, completed in 2004, consists of 100 units situated on a 3.81-acre site at 10711 Thornton Rd. in Stockton. The property was 94% occupied at the time of sale and is located near Interstate 5, Sutter Health, and a variety of retail amenities.

The Commons at Union Ranch, completed in 2008, offers 98 units on a 3.8-acre site at 2241 N Union Rd. in Manteca. The property was 97% occupied and benefits from its location directly adjacent to the Woodbridge by Del Webb 55+ community, which comprises more than 1,400 units.

Residents at both properties have access to chef-prepared meals, a full-service dining room, casual bistro, coffee bar, fitness center, walking paths, garden areas, computer lounge, library, beauty salon and barber shop, game room, and movie room. Services include transportation, laundry, and housekeeping.

Clarion Partners Comments on the Acquisition

Clarion Partners Head of Healthcare Julie Robinson commented on the acquisition in a statement: "We are pleased to add The Commons on Thornton and The Commons at Union Ranch to our growing seniors housing portfolio. These high-quality, well-occupied communities benefit from strong in-place operations, attractive amenity offerings and locations within demographically favorable submarkets of California's Central Valley. This acquisition reflects our continued conviction in seniors housing, where we see durable demand supported by aging population trends and a shift toward needs-based care."

JLL Capital Markets Arranges the Sale for MBK Senior Living

JLL Capital Markets' Senior Housing Capital Markets team represented MBK Senior Living in the disposition. The team was led by Senior Managing Director Aaron Rosenzweig and Senior Director Dan Baker.

JLL Capital Markets describes itself as a full-service global provider of capital solutions for real estate investors and occupiers, with more than 3,000 specialists worldwide and offices in nearly 50 countries. The group's services include investment sales and advisory, debt advisory, mergers and acquisitions, corporate finance, loan sales, equity and fund placement, net lease, derivative advisory, and energy and infrastructure advisory.

The sale price and financing terms were not disclosed. The transaction was announced publicly on April 3, 2026.