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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.