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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.