Senior-living complex in Loveland sells for $13 million

LOVELAND — A California company has acquired a senior-living complex in Loveland for $13 million, according to public records.

MBK Senior Living, a subsidiary of Irvine, Calif.-based MBK Real Estate, purchased Seven Lakes Memory Care, a 48-bed senior-living facility at 1990 Pikes Peaks Drive, from Memory Care at Seven Lakes LLC, an entity registered to Scott Bray of Loveland.

Seven Lakes Memory Care provides specialized care and support for people with Alzheimer’s disease and other dementias.

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Seven Lakes is divided into four Connections for Living “neighborhoods.” Each neighborhood includes seven private residential suites connected to a country kitchen, living room and secure patio. The neighborhoods are designed to provide a secure, homelike environment for those with Alzheimer’s or dementia.

“We’re pleased to welcome Seven Lakes residents to the MBK Senior Living family and extend to them our unique person-centered family-oriented memory-care program,” said Terry Howard, president and chief executive of MBK Senior Living, in a prepared statement.

Seven Lakes, built in 2008, is now a sister community to Hillcrest of Loveland at 535 N. Douglas Ave., which MBK Senior Living has owned and operated since September 2013.

MBK Senior Living is involved in the acquisition, development and third-party management of senior-living communities throughout the western United States. Seven Lakes is one of 18 retirement communities owned or managed by MKB.