Portfolio
Mobile Home/RV Park
Rogue River Mobile Estates – Rogue River, OR
Initially marketed at an aggressive price, Rogue River Mobile Estates exemplifies the type of asset that proves its value over time. Set on nearly 60 acres in the scenic Rogue River–Grants Pass Valley, the community features double-wide homes, large lots, and beautifully maintained roads—making it one of the most attractive communities in the region. Through strategic negotiations, we secured favorable seller financing, providing runway to stabilize operations before refinancing into institutional debt. With expansion potential under review, this asset stands out as both a cornerstone of our portfolio and a long-term growth opportunity.
Claudia’s Mobile Park Estates – Olympia, WA
Acquired off-market through a trusted brokerage relationship, Claudia’s Mobile Park Estates came directly from the original developer’s family. This generational asset required significant capital investment and experienced management to address deferred maintenance and reposition the community. Despite a challenging diligence and negotiation process, we successfully closed and now have a clear runway to bring in new homes, remove problem tenants, and implement strategic improvements. Rarely does an opportunity like this surface, and we are proud to steward its long-term success.
Burlington RV Park – Burlington, WA
Acquired off-market from the developer’s family in a highly competitive environment, Burlington RV Park offered substantial operational and capital improvement upside. Within the first 15 months of ownership, we executed a major infrastructure and roadway improvement plan, leading to full stabilization. Today, the community is composed entirely of long-term stay tenants, ensuring consistent occupancy and stable cash flow. Located in the strong Mount Vernon MSA, the community benefits from exceptional demand for affordable housing and has already proven to be a standout investment. Burlington RV Park is positioned to deliver strong returns for years to come, and Pacific Bay continues to seek additional opportunities in this high-growth region.
Corning RV Park – Corning, CA
Acquired off-market through one of our trusted brokerage relationships, Corning RV Park was purchased from a family-run organization that left meaningful operational upside on the table. At acquisition, occupancy averaged around 80%, which we have since stabilized to over 90% annually. The seller had allowed both long-term and short-term stays, but we strategically pivoted to a full-time extended-stay tenant base—a decision that has proven highly effective. The property also came with an owned solar system, creating additional value through a restructured utility process with the provider. Despite early challenges with on-site management turnover, we quickly assembled an exceptional management team that has driven performance. Today, Corning RV Park stands as one of the highest-yielding assets in our portfolio and a clear example of the impact disciplined operations can have on RV community investments.
Tidewater MH & RV Community – Toledo, OR
Pacific Bay’s first community acquisition, Tidewater MH & RV is located in a highly desirable coastal market with strong demand for affordable housing. Since acquisition, we have invested in infrastructure upgrades and improvements to the on-site studio unit while navigating the complexities of coastal operations. Though smaller in scale, the property has provided invaluable experience and insights that have informed our broader MH/RV investment strategy. As of late 2025, we are preparing the community for a Spring 2026 sale, with expectations of a favorable disposition supported by its strong location and housing demand.
Multifamily
Sonoma County Multifamily Acquisition
A 148-unit, two-property apartment portfolio acquired through a select buyer process and secured via Pacific Bay’s North Bay presence and long-standing brokerage relationships. These generational assets have been well cared for overall, with one property requiring targeted capital improvements addressed through a focused capex plan now underway. With below-market rents and substantial operational upside, the portfolio is positioned for meaningful value creation in the years ahead. The $30MM+ acquisition closed in November 2025, marking a new scale of transaction for Pacific Bay Partners and a significant milestone in our continued expansion within the Northern California multifamily market.
Park West Apartments – Santa Rosa, CA
Just five minutes south of our Windsor assets along Old Redwood Highway, Park West Apartments was acquired early to market through a full-price offer, later strategically renegotiated during diligence to account for additional deferred maintenance. At closing, three of the 18 units were delivered vacant, allowing for immediate renovations, and within the first year we successfully turned nine units. We also completed exterior siding and paint upgrades, rebranded the property, enhanced tenant amenities with a refreshed outdoor social area, and stabilized operations. With rents previously well below market due to limited marketing, the asset has since been repositioned to its full potential.
Windsor Place Apartments – Windsor, CA
Located directly across from Franklin Third St. Townhomes, Windsor Place Apartments was acquired through the same trusted brokerage team in an early to market transaction. Recognizing the asset’s strong fundamentals and immediate upside, we moved quickly with a full market offer, avoiding a competitive bidding process. The property includes two fourplexes and one of Windsor’s oldest single-family homes, which we transitioned from a costly vacation rental into a stabilized long-term tenancy after conducting an estate sale. With limited supply in the Windsor market, the apartments remain highly desirable—vacancies are rare and units typically lease immediately upon turnover.
Franklin Third St. Townhomes – Windsor, CA
A rare value-add acquisition in a supply-constrained market, Franklin Third St. Townhomes offered significant upside through addressing deferred maintenance and repositioning under-market rents. During diligence, we uncovered further issues with maintenance and tenant quality, allowing us to successfully renegotiate more favorable terms. At closing, three units were delivered vacant, enabling immediate renovations, and we have since completed exterior upgrades and remodeled five of the seven units. This acquisition was made possible through our strong North Bay brokerage relationships, which were instrumental in bringing the deal across the finish line.