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FULLERTON, Calif. — Evans Senior Investments has arranged the sale of Sunnycrest, a private-pay assisted living community in Fullerton in northern Orange County, for $37 million.
The community was recently remodeled and includes 130 units, resulting in a price per unit of $284,615. The buyer and seller were not disclosed.
Orange County experienced 45 percent growth in the 85+ age demographic between 2000 and 2010, according to the U.S. census.
Evans Senior Investments is an investment-banking firm exclusively serving the seniors housing industry.