Sabra Health Care REIT is moving its headquarters from Irvine, CA, to nearby Tustin, CA, due to environmental concerns and a changing need for square footage, CEO Rick Matros told the McKnight’s Business Daily on Wednesday. The new location, which Sabra expects to occupy in the fourth quarter, is approximately five minutes from the current main office.
The new headquarters is “a green building meeting LEED [Leadership in Energy and Environmental Design] standards, which is in line with our ESG [environmental, social and corporate governance] initiatives,” Matros said. “Additionally, we only require two days a week in the office, and this space will allow us to grow our team without needing to expand our space.”
Luke Napolitano, Chon Kantikovit and Justin Cassell with Cushman & Wakefield’s Irvine, CA, office represented Sabra in its lease transaction for the new corporate headquarters. The real estate investment trust will occupy 13,000 square feet of space at FLIGHT at Tustin Legacy, a mixed-use office campus owned and developed by Lincoln Property Co.
“Sabra is relocating its corporate headquarters to a creative office location to better suit its culture as a leading healthcare REIT,” Napolitano said in a statement. “The company’s decision to relocate to FLIGHT was primarily driven by the project’s environmental sustainability and worker-friendly elements. The project was constructed per LEED Gold Standards and also offers on-site and walkable amenities, including a gym right next door to Sabra’s building.”
In addition, Sabra’s new space at FLIGHT is centrally located near multiple freeways, public transportation, the airport and several surrounding new and established residential communities, according to Cushman & Wakefield.
“We’ve always enjoyed that whole area, and it’s convenient for staff,” Matros told the McKnight’s Business Daily.
Among the REIT’s initiatives, Sabra last April joined an alliance of senior living and care industry leaders and companies working to accelerate research in clinical studies and provide more healthy and safe indoor living spaces for residents and staff members. As an alliance member in WISE (Wellness Innovation in Senior Environments) initiative, the REIT will participate in the Well Living Lab, founded as a Delos and Mayo Clinic collaboration.
“Working with Delos and the Well Living Lab to assess alternatives available to address critical health and wellness issues in senior facilities and advise owners and operators on appropriate and cost-effective solutions will benefit the industry, our operators and, most importantly, the residents and patients cared for in our facilities,” Matros said in a statement at that time.
The REIT also recently outlined priorities and initiates related to environmental stewardship, social commitment, corporate governance and community service, with a nod to a freshly created e-initiative roadmap, in its second annual sustainability report. The roadmap has six pillars: measure, identify, initiate, innovate, validate and replicate.
“The strides we have taken since beginning our ESG journey are a testament to the dedication of our team and the strong relationships we have with our tenants and operators, our shareholders and the communities in which we live and work,” Matros said in the Sept. 28 press release about the report.
