Cogir Management (Cogir), the United States-based subsidiary of Montreal-based real estate company Cogir Services, has acquired Scottsdale, Arizona-based Cadence Living, creating a combined company that operates 60 seniors housing communities and almost 8,000 units across nine states. That qualifies the new company for ASHA’s top-25 list of operators in the country based on units, placing it near Merrill Gardens and Sonida Senior Living on the rankings. Cogir bought out Cadence Living’s shareholders, but further terms were not disclosed.
Cogir CEO David Eskenazy remains CEO of the new company, while Cadence co-founders Rob Leinbach and Eric Gruber will transition to senior vice president roles. Cogir will also keep its Sacramento, California headquarters, with other offices in Scottsdale and Seattle. Going forward, Cogir’s and Cadence’s communities will continue operating under the same, respective brand names.
After launching the U.S.-based business with the acquisition of 12 senior living communities in Washington and California, Cogir has grown to operate 25 communities in the country with Welltower as its major landlord.
