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MI Investor Nets Mentor Assisted Living Facility in REO Sale

Bank Sells 50-Unit Facility for $2.5 Million
By Marcus L. Smith
July 14, 2010 | 2:35 P.M.

Randall Residence, a Michigan-based company that develops and manages assisted living communities in the Midwest, purchased the 50-unit Westport Independent Living facility in Mentor, OH, from Home Savings & Loan Co. for nearly $2.48 million, or about $49,500 per unit.

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