Skilled Nursing News April 19, 2024
Privately owned real estate and private equity firm Pacifica Companies has added more than 560 skilled nursing beds to its portfolio in the $180.5 million acquisition of a 15-community portfolio from Retirement Housing Foundation, which is pivoting away from post-acute care.
That’s according to an April 19 press release from Chicago-based specialty investment bank Ziegler, which advised on the transaction for the non-profit.
The purchased portfolio represents “the majority of RHF’s presence in market-rate senior housing and post-acute care,” and consists of 3,200 market-rate independent living, 850 assisted living and memory care and 563 skilled nursing beds, the release states.
“The sale of the communities was bittersweet,” Stuart Hartman, president and CEO of Retirement Housing Foundation, said in the release....
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