Colliers Brokers Sale of 32-Bed Assisted Living Facility in Coastal Maryland for $5.5M

OCEAN PINES, Md. — Colliers International has arranged the sale of Catered Living of Ocean Pines, a 32-bed assisted living and memory care community in Ocean Pines, a small community located on Maryland’s Eastern Shore.

A local operator sold the community to a private operator and investor for $5.5 million.

The asset is situated on one acre and consists of two 9,600-square-foot buildings, each with 16 private suites. It has been in operation since 2001.

Bob Gaines of Colliers arranged the sale.