Parc at Traditions, a 159-unit luxury senior community, marks the company’s first property in Texas. The asset is opening its doors this fall and will provide independent living, assisted living and memory care services.
West Campus Development Trust and The Brenda Strafford Foundation are developing Cambridge Manor, a 240-unit property in Canada. The facility is part of a 200-acre, master-planned sustainable development.
Harbor Retirement Associates operates the 120-unit property, which provides assisted living and memory care services, in addition to HarborChase of Southlake and HarborChase of The Park Cities, both of which are slated to open in the first quarter of 2018.
Assisted living occupancy fell to its lowest in eight years, despite record absorption, according to NIC’s 2017 second quarter report. San Jose had the highest occupancy, while Detroit recorded the biggest rent growth.