Sabra Health Care REIT Partners with Sunshine Retirement Living through Management Agreement

Sabra Health Care REIT has signed a management agreement with Sunshine Retirement Living. The REIT operates as a self-administered, self-managed real estate investment trust that invests in real estate serving the healthcare industry. Its portfolio includes skilled nursing/transitional care facilities, senior housing communities, behavioral health facilities, and specialty hospitals. The agreement with Sunshine Retirement Living is expected to add to Sabra's portfolio of properties.

Sabra Health Care REIT, Inc. (NASDAQ: SBRA), a leading real estate investment trust (REIT) focused on healthcare properties, has signed a management agreement with Sunshine Retirement Living. This strategic partnership aims to enhance Sabra's portfolio by adding five independent living communities across four Western states. The new communities, located in Arizona, California, Utah, and Washington, will be managed by Sunshine Retirement Living, a provider of mid-market senior living communities.

The agreement marks a significant milestone for both companies. Sunshine Retirement Living, which has been operating for over 20 years, will extend its proven model of high-quality, all-inclusive senior living to the new communities. Sabra, on the other hand, will benefit from the expansion of its portfolio and the expertise of Sunshine Retirement Living in managing senior living communities.

Sunshine Retirement Living's CEO, Luis Serrano, stated, "With demand for senior housing continuing to grow, this agreement accelerates Sunshine Retirement Living's expansion. By extending our proven service model to third-party owners, we are broadening our reach and reinforcing our mission to enhance the lives of seniors nationwide" [1].

The addition of these communities will increase Sunshine Retirement Living's portfolio from 35 to 40 communities in 17 states. This expansion is part of Sunshine Retirement Living's strategic focus on both growing its owned portfolio and extending its management services to third-party owners.

Sabra Health Care REIT has been actively seeking partnerships with REITs and other senior housing owners looking for a proven management operator. The company's recent acquisition of a new stake in shares of Sabra Healthcare REIT by Versor Investments LP and other institutional investors underscores its attractiveness to investors [2].

The agreement reflects the growing need for quality senior housing and the favorable long-term demographic trends. As the Baby Boomer generation continues to retire in record numbers, the demand for senior housing is expected to rise significantly. Sunshine Retirement Living's focus on affordability, compassionate care, and wellness-focused communities aligns well with Sabra's investment strategy.

Sunshine Retirement Living's innovative programs, such as the Blue Zones program, which promotes physical fitness, mindfulness, and lifelong learning, are designed to enhance the quality of life for seniors. This holistic approach to senior living is becoming increasingly important as wellness-focused living becomes a priority for seniors.

In conclusion, the management agreement between Sabra Health Care REIT and Sunshine Retirement Living is a strategic move that will benefit both companies. Sabra will expand its portfolio, while Sunshine Retirement Living will broaden its reach and enhance its services. This partnership highlights the growing demand for quality senior housing and the importance of innovation in the senior living industry.

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.marketbeat.com/instant-alerts/filing-versor-investments-lp-purchases-new-position-in-sabra-healthcare-reit-inc-nasdaqsbra-2025-08-17/