from SNL Real Estate Daily
Welltower partners with Related/Atria JV on Calif. senior living projects
Byline: Zeeshan Murtaza
Welltower Inc. and a joint venture of The Related Cos. LP and Atria Senior Living Inc. entered into a strategic partnership to build two senior living communities in California's Silicon Valley, one in Santa Clara and the other in Cupertino.
Groundbreaking on the 191-unit Santa Clara development is expected in mid-2022, with completion targeted for 2024. The 158-unit Cupertino project launched pre-development in 2019, with construction expected to start by the end of 2022 and completion in 2024.