BONITA SPRINGS, Fla. — Operator Discovery Senior Living has entered into a definitive agreement to acquire seniors housing management company Sunshine Retirement Living.
Discovery will obtain full ownership of the company, which will join Discovery’s family of management companies and will remain its own distinct company. Luis Serrano, president and co-founder, will continue to lead the company.
Founded in 2010 and based in Bend, Oregon, Sunshine manages a portfolio of 33 senior living communities totaling roughly 3,500 units. The communities comprise approximately 2,750 independent living units, 207 assisted living units and 544 memory care units.
Communities within Sunshine’s portfolio will remain under their existing ownership and management. Owners of the properties include an undisclosed Sunshine-affiliated entity, Sabra Healthcare REIT and Investcorp.
“Sunshine has been a valued operating partner with a strong track record of performance and asset-level execution,” said Rick Matros, president and CEO of Sabra, in a statement. “We’re pleased to expand our relationship with Discovery Senior Living, whose institutional operating capabilities, scale and disciplined approach to performance optimization position the portfolio to drive continued NOI growth, operating efficiencies and long-term asset value creation.”
Florida-based Discovery ranked as the largest operator in the 2026 edition of the ASHA 50.