Sunshine Retirement Living Expands Footprint through Sabra Management Agreement

Sunshine Retirement Living, a leading senior living provider, is expanding its national footprint through a new management agreement with Sabra Health Care REIT. The agreement adds five independent living communities across four Western states, growing Sunshine's portfolio to 40 communities in 17 states. This marks Sunshine's first third-party management agreement and represents a strategic evolution for the company, transitioning from an owner-operator to a full-scale third-party management provider.

Sunshine Retirement Living, a leading provider of mid-market senior living communities, has announced a significant expansion of its national footprint through a new management agreement with Sabra Health Care REIT, Inc. (Nasdaq: SBRA). This agreement, which marks Sunshine's first foray into third-party management, adds five independent living communities across four Western states, growing its portfolio from 35 to 40 communities in 17 states [1].

The new communities are located in Arizona, California, Utah, and Washington, and the agreement represents a strategic evolution for Sunshine Retirement Living, transitioning from an owner-operator to a full-scale third-party management provider. The expansion is part of Sunshine's mission to enhance the lives of seniors nationwide by extending its proven model of high-quality, all-inclusive senior living [1].

The agreement underscores the growing demand for senior housing, with the 85+ population expected to triple by 2050. Sunshine Retirement Living is positioned to meet this demand by offering innovative solutions that make high-quality senior living accessible in the mid-market segment. The company's focus on affordability, compassionate care, vibrant community engagement, and culinary excellence remains a key differentiator [1].

Sunshine Retirement Living's expansion aligns with favorable long-term demographic trends and a growing need for quality senior housing. The company anticipates continued growth in both its owned portfolio and its management services to third-party owners. This latest agreement reflects Sunshine's strategic focus on maximizing occupancy, streamlining operations, and enhancing resident satisfaction [1].

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 agreement also highlights the growing interest in Sabra Healthcare REIT, with several institutional investors recently acquiring stakes in the company. For instance, Versor Investments LP bought a new position worth approximately $1,934,000 in the first quarter, while other institutional investors, such as Allspring Global Investments Holdings LLC and New York State Teachers Retirement System, also increased their stakes [2].

Sunshine Retirement Living's expansion with Sabra Healthcare REIT is a testament to the company's commitment to innovation and growth in the senior housing sector. As the demand for quality senior living continues to rise, Sunshine Retirement Living is well-positioned to meet this need through its strategic partnerships and proven management model.

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/