Atria Senior Living (Atria) is planning to spend $1 billion to develop, and redevelop, resources for development in higher-cost locations, such as metropolitan New York, the Bay Area of Northern California, Southern California, and Boston. Funding for the effort was obtained by Atria's senior executives selling half of their ownership interest in Atria's business to Fremont Realty Capital (Fremont). Sale proceeds will be invested in a new venture that will act as general partner in the effort. Ventas real estate investment firm will also buy into the new partnership. The three entities will split the ownership almost . . .