Blueprint Arranges Construction Financing for Cadence Tracy in Tracy, California

by Jeff Shaw

TRACY, Calif. — Blueprint Healthcare Real Estate Advisors has arranged an undisclosed amount of construction financing for Cadence Tracy, a seniors housing development in the Bay Area city of Tracy.

The borrower is a joint venture between Summit Senior Life, a Newport Beach-based developer, and Cadence Living, a Scottsdale, Arizona-based operator. The capital providers were Link Development and Medcore Partners.

Cadence Tracy will sit on a 2.8-acre parcel of land and consist of 77 assisted living and 24 memory care units. The site is adjacent to Lennar at Tracy Hills, a master-planned community that includes 5,000 single-family homes, as well as 58 acres of commercial spaces, hotels, schools and offices.

The construction of the property is expected to begin in 2022 and will be operated by Cadence. Greg Irwin of Irwin Partners was the architect.

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