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$318M Bristal Assisted Living deal closes

Wednesday February 13, 2013 6:20 PM By Ted Phillips

Among the Bristal Assisted Living properties on Long

Photo credit: Barry Sloan, 2012

The Engel Burman Group said Wednesday it had closed its $318 million deal to buy back the six Bristal Assisted Living properties it sold in 2007.

The Garden City-based real estate developer partnered with Chicago-based Harrison Street Real Estate Capital Llc to purchase the Long Island facilities as it plans to expand the franchise into New England and New Jersey.

Engel Burman and Harrison...

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