Marking its first third-party management agreement, Sunshine Retirement Living, a leading provider of mid-market senior living communities in the United States, is expanding its national footprint through a new management agreement with Sabra Health Care REIT Inc. This agreement adds five independent living communities across four Western states, growing Sunshine Retirement Living’s portfolio from 35 to 40 communities in 17 states. The new communities are located in Arizona, California, Utah and Washington.
This agreement also represents a strategic evolution for Sunshine, transitioning from an owner-operator to a full-scale third-party management provider.
“With demand for senior housing continuing to grow, this agreement accelerates Sunshine Retirement Living’s expansion,” said Luis Serrano, CEO of Sunshine Retirement Living. “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.”
For over 20 years, family-owned Sunshine Retirement Living has been a provider of mid-market senior living, offering senior apartments, independent living, assisted living, transitional assisted living and memory care. The mid-market segment remains one of the most underserved yet fastest-growing areas in senior housing.
“With Baby Boomers retiring in record numbers and the 85-plus population expected to triple by 2050, seniors are seeking dynamic, wellness-focused communities,” said Serrano. “Sunshine Retirement Living is answering that call with forward-thinking initiatives in person-centered care, culinary innovation, community-centered design and holistic well-being.”
As wellness-focused living becomes increasingly important for seniors, Sunshine Retirement Living offers innovative programs that promote physical fitness, mindfulness and lifelong learning. The company has also become culinary-forward to help people live longer, healthier and happier lives, recently introducing the Blue Zones program, inspired by principles that help people live longer, healthier and happier lives. Residents enjoy chef-inspired meals with nutritionally sound, locally sourced ingredients plus chef’s table demonstrations and cooking classes that encourage socialization.
The company anticipates continued expansion in the coming years. This latest agreement reflects the company’s strategic focus on both growing its owned portfolio and extending its management services to third-party owners.
