Sunshine Retirement Living Expands Senior Living Portfolio with Sabra Management Agreement

Sunshine Retirement Living has expanded its US footprint with a new management agreement for five independent living communities, increasing its portfolio from 35 to 40 communities across 17 states. This marks the company's first venture into third-party management, allowing it to cater to the growing senior population, which is expected to triple by 2050. Sunshine plans to achieve this through wellness-centered communities and programs like the Blue Zones initiative.

Sunshine Retirement Living has significantly expanded its US footprint with a new management agreement, adding five independent living communities to its portfolio. This agreement, signed with Sabra Health Care REIT, Inc. (Nasdaq: SBRA), increases the company's total number of communities from 35 to 40, spanning 17 states [1]. The new communities are located in Arizona, California, Utah, and Washington.

This move marks Sunshine Retirement Living's first foray into third-party management, a strategic evolution that allows the company to extend its proven service model to third-party owners. The agreement reflects the company's commitment to catering to the growing senior population, which is expected to triple by 2050 [2]. By broadening its reach, Sunshine Retirement Living aims to enhance the lives of seniors nationwide.

Sunshine Retirement Living has long been a trusted provider of mid-market senior living, offering a range of services including senior apartments, independent living, assisted living, transitional assisted living, and memory care [1]. The mid-market segment remains one of the most underserved yet fastest-growing areas in senior housing, and Sunshine Retirement Living continues to pioneer innovative solutions that make high-quality senior living accessible [1].

The company's expansion is driven by the increasing demand for wellness-focused communities among seniors. Sunshine Retirement Living is answering this call with forward-thinking initiatives in person-centered care, culinary innovation, community-centered design, and holistic well-being [2]. The Blue Zones program, inspired by principles that help people live longer, healthier, and happier lives, is a notable example of this commitment [1].

Sunshine Retirement Living anticipates continued expansion in the coming years, driven by favorable long-term demographic trends and a growing need for quality senior housing [1]. The company's strategic focus includes both growing its owned portfolio and extending its management services to third-party owners.

As Sunshine Retirement Living continues to expand, it is actively seeking new partnerships with real estate investment trusts (REITs) and other senior housing owners looking for a proven management operator [1]. With its established track record of delivering high-quality, affordable senior living, Sunshine Retirement Living is well-positioned to help owners maximize occupancy, streamline operations, and enhance resident satisfaction.

References:
[1] https://www.prnewswire.com/news-releases/sunshine-retirement-living-expands-us-footprint-with-management-agreement-for-five-new-independent-living-communities-302533752.html
[2] https://www.hjnews.com/news/state/sunshine-retirement-living-expands-u-s-footprint-with-management-agreement-for-five-new-independent-living/article_d2048b34-aa75-545d-9bd5-0183f477106b.html