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BRIEFLY

Two firms will build a retirement community.

April 23, 1985

Leisure Technology and Basic American Medical will jointly develop a $40-million, 400,000-square-foot retirement community in Lakewood, N.J. The facility will be managed by Basic American. The agreement comes a month after Beverly Enterprises dropped out of a similar venture with Leisure Technology to develop a $25-million retirement community in Lakewood.

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