Pacifica Completes Acquisition of 15-Property Senior Living Portfolio

San Diego-based real estate private equity firm Pacifica Companies, LLC completed its acquisition of a 15-community senior living portfolio from Retirement Housing Foundation for $180,500,000. The acquisition was made in stages, with various segments closing in phases throughout late 2022, 2023, and first quarter 2024.

Investment bank Ziegler served as sell-side advisor to RHF on the sale. Located across six states, including seven properties in California, the portfolio consisted of 3,200 market-rate independent living, 850 assisted living, memory care and 563 skilled nursing beds.

The portfolio represented the majority of RHF’s presence in market-rate senior housing and post-acute care. Stuart Hartman, president and CEO of Long Beach-based RHF, said, “The sale of the communities was bittersweet. As a longtime operator of housing and healthcare communities, we will miss being of service to the residents in the communities we sold. At the same time, we are excited to focus on our affordable housing development, acquisitions and operations, catering to limited income seniors, person with disabilities and families.”

Pictured: Pioneer House, Sacramento.

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