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$318M Bristal Assisted Living deal closes
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...