Pacifica Adds 15 Communities in $180.5M Deal, as RHF Shifts Senior Living Strategy 

Pacifica Companies, a privately owned real estate and private equity firm, has recently acquired a 15-community portfolio from Retirement Housing Foundation for $180.5 million. The transaction, advised by specialty investment bank Ziegler, includes 3,200 market-rate independent living units, 850 assisted living and memory care units, and 563 skilled nursing beds. Stuart Hartman, RHF’s president and CEO, expressed mixed emotions about the sale, as the non-profit shifts its focus to affordable housing development. The sale, which began in late 2022 and is expected to continue into 2024, will help fund RHF’s affordable housing initiatives. Pacifica, known for its Pacifica Senior Living and The Meridian brands, has not yet commented on the acquisition.