Cadence Living Joins the Cogir Senior Living Family

02 November 2022

Cogir Management USA and Cadence Living are excited to announce a business combination whereby the two operating companies will be merging their operating teams bringing the two best in class operators together. The transaction involves Cogir buying out the shareholders of Cadence, with the combination resulting in 60 senior housing communities and nearly 8,000 units located in 9 strategic states. Cogir Management USA is the US based subsidiary for management, development and investment of Cogir Real Estate. The US division was launched in 2018 with the acquisition of 12 senior housing communities in Washington and California. Before today’s announcement, it has grown to 25 operating communities.

Cadence was founded in Scottsdale AZ in 2017 and has since grown to operate 35 communities with several additional communities coming on board through development in the coming months. “What started out as a casual conversation between Dave Eskenazy and I, evolved into what we both felt was an ideal solution for both companies,” said Rob Leinbach, CEO of Cadence, “the more we talked about it and the more we thought about it, the better it fit. We believe that the combined company will have the expertise, culture and foundation to be an industry leader in our space for years to come.”

“The two companies are so complimentary. As both were growing, they had challenges and skillsets that seemed to fill each other’s gaps perfectly,” said David Eskenazy, the CEO of Cogir Management USA, “but more than that, as we both learned more about each other’s organizations, it became clear that philosophically we also had so much in common culturally in the way we feel about our team members and what we believe our residents should experience daily.”

“Rob and Eric have built an incredible organization and as Dave and I met many of the team members and visited communities together, it became clear to us that this was a terrific match. We are thrilled to join forces with them”, said Mathieu Duguay, CEO of Cogir Real Estate. “I’m very excited to welcome aboard our 2,000 new colleagues”.

With the acquisition of Cadence, Cogir Management USA is now one of the 25 largest senior housing operators in the United States. This division now operates 60 senior housing communities and has near 3,800 colleagues.

About Cogir Real Estate

Incorporated in 1995, Cogir Real Estate employs close to 8,000 people who are passionate about real estate. With our constant desire to give purpose to real estate, we strive to maintain a human focus, to create and to excel in our quest to design living environments that are pleasant, functional and a reflection of their occupants. Our team manages over 345 properties throughout Canada and the United States. We oversee 5 million square feet of commercial property and 39,400 housing units, including more than 110 privately owned seniors’ residences. The Cogir Foundation supports projects and causes involving four major domains, namely youth, seniors, cultural diversity and the environment.