Sherman & Roylance Negotiates $8.3M Sale of Community in Monterey, California

by Jeff Shaw

MONTEREY, Calif. — Sherman & Roylance has arranged the $8.3 million sale of a 55-bed assisted living and memory care community in the Central Coast city of Monterey.

A San Diego-based husband and wife team purchased the asset from a new player in the seniors housing sector looking to focus on different geographic areas.

The multi-phased campus was originally built in 1955 and expanded in 1999.

Shep Roylance, John Sherman and Chris Minnery of Sherman & Roylance arranged the transaction.

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