Sabra Health Care REIT Grows Its Southern California Portfolio

Sabra Health Care REIT Grows Its Southern California Portfolio

Sabra Health Care REIT has teamed up with Scottsdale, Arizona-based owner/operator Cadence Living to grow its senior living portfolio with the purchase of an assisted living/memory care community in Poway, California (San Diego MSA). Located adjacent to a 149-bed skilled nursing facility and near the Palomar Hospital, the community is spread out on 32 acres with seven separate buildings. It is unique in that it offers a horticultural-therapy program that grows more than 20,000 pounds of organic fruits and vegetables on several fields and greenhouses located throughout the property. There are of course many benefits to this program, from the obvious farm-to-table meals to providing excess... Read More »
Cadence Living Making Moves in Arizona

Cadence Living Making Moves in Arizona

A Scottsdale, Arizona-based senior living operator is set for a major expansion into its home state, joining other builders in the booming Phoenix metro market. Cadence Living and its San Diego-based development partner Global Seniors Housing acquired the 7.7-acre plot in the town of Chandler (about 20 miles southeast of Phoenix) and is set to start construction on the project later this year. Estimated about a cost of $46 million, or about $240,000 per unit, the community will feature 191 units of independent living, assisted living and memory care services. The community will join Cadence’s brand-new community in Glendale, which opened this March with 165 senior living units, plus two... Read More »