Atria Senior Living has started a new joint venture with real estate firm Related Cos. to develop, own and operate more than $3 billion of senior living communities in major urban markets across the United States, according to news sources.
The joint venture will initially include properties in San Francisco, New York, Boston, Los Angeles, Washington, D.C., and Miami, as well as other major metropolitan areas. The communities will range from roughly 150 to 250 units. Each community will also come with its own range or amenities, which include gyms, pools and multiple dining areas.
The venture plans to open new communities beginning in 2020.
