A joint venture between Summit Senior Life and Cadence Living acquired a 2.8-acre site in Tracy, California, Senior Housing News reports. The partners plan to develop Cadence Tracy, a senior housing development consisting of 77 assisted living and 24 memory care units.
The site is adjacent to Lennar at Tracy Hills, a large masterplanned community that includes 5,000 single-family homes, as well as 58 acres of commercial spaces, hotels, schools, and offices. Groundbreaking is expected to begin in 2022. Read more.
