The Bristal Assisted Living is a well-known brand in the senior living industry. The company has been providing senior care services for over two decades, and it has expanded to several locations across the United States. However, many people are curious about who owns The Bristal Assisted Living.
The ownership of The Bristal Assisted Living has changed hands over the years. In 2019, Harrison Street Real Estate Capital and Engel Burman Group announced that they would acquire The Bristal Assisted Living chain. Engel Burman Group is a real estate developer, builder, and manager that founded The Bristal Assisted Living brand in 1999. The acquisition was completed in early 2020, and Harrison Street and Engel Burman Group became the new owners of The Bristal Assisted Living.
The new ownership structure has not changed the company’s commitment to providing high-quality senior care services. The Bristal Assisted Living continues to offer a range of services, including assisted living, memory care, and independent living. The company is dedicated to providing personalized care to each resident and creating a comfortable and welcoming environment.
Key Takeaways
- The Bristal Assisted Living was acquired by Harrison Street Real Estate Capital and Engel Burman Group in 2020.
- Engel Burman Group founded The Bristal Assisted Living brand in 1999.
- The new ownership structure has not changed The Bristal Assisted Living’s commitment to providing high-quality senior care services.
Ownership of The Bristal Assisted Living
Parent Company
The Bristal Assisted Living is owned by Ultimate Care Management, a division of B2K Development. B2K Development is a Long Island-based real estate developer, builder, and manager. They take pride in contributing to the growth of the communities they serve. The first community of The Bristal was built by B2K Development in East Meadow, NY, in 2000.
Key Stakeholders
Engel Burman Group, a real estate development firm, and Harrison Street, a private equity firm, have invested in The Bristal Assisted Living. Engel Burman originally founded The Bristal Assisted Living brand in 1999 as a privately-owned business. The six communities under contract are properties that Engel Burman built, managed, and sold to Harrison Street and are now being bought back by Engel Burman and Harrison Street.
The current owners of The Bristal Assisted Living are committed to providing exceptional care to their residents. They have a team of experienced professionals who are dedicated to ensuring that each resident receives the highest level of care possible. The Bristal Assisted Living has expanded to 23 communities in the New York metropolitan area, and they plan to expand to Florida in the coming years.
In conclusion, The Bristal Assisted Living is owned by Ultimate Care Management, a division of B2K Development, and has received investments from Engel Burman Group and Harrison Street. They are committed to providing exceptional care to their residents and have expanded to 23 communities in the New York metropolitan area with plans to expand further.
Company Overview
The Bristal Assisted Living is a senior living services provider that offers luxurious accommodations in privately owned communities on Long Island, in Manhattan, NY, in Westchester County, NY, and in the Greater Atlanta area. The company is committed to providing its residents with a comfortable and safe environment where they can celebrate and share the experiences they’ve gathered over a lifetime.
History
The Bristal Assisted Living was founded in 2000 by Mark Engel, Steven Krieger, and Kevin O’Connor. The company started with one community in Lynbrook, NY, and has since grown to include more than 20 communities in the Tri-State area and Georgia. In 2019, the company was acquired by Harrison Street and The Engel Burman Group.
Mission and Values
The Bristal Assisted Living’s mission is to provide its residents with a secure, comfortable, and stimulating environment that promotes independence and dignity. The company values its residents and their families, and is committed to providing them with the highest quality care and services. The Bristal Assisted Living also values its employees, and is committed to providing them with a supportive and rewarding work environment.
To achieve its mission and uphold its values, The Bristal Assisted Living offers a range of services, including assisted living, memory care, and independent living. The company’s communities are staffed with trained professionals who are dedicated to providing personalized care and attention to each resident. The Bristal Assisted Living also offers a variety of amenities, such as fine dining, housekeeping, transportation, and social activities, to enhance the quality of life of its residents.
Operational Structure
Management Team
The Bristal Assisted Living is owned and managed by Engel Burman Group, a real estate development and management company based in Garden City, New York. The company was founded in 1985 by Steven Krieger and Jan Burman and has since grown to become one of the largest privately owned real estate companies in the United States.
The management team at The Bristal is made up of experienced professionals with a deep understanding of the senior living industry. The team includes Regional Vice Presidents of Operations, Executive Directors, and other senior executives who oversee the day-to-day operations of the company’s facilities.
Facility Locations
The Bristal Assisted Living has several locations throughout the Tri-State area, including Long Island, Manhattan, Westchester, and New Jersey. Each facility is designed to provide residents with a luxurious and comfortable living experience, with a range of amenities and services to meet their needs.
The company’s flagship facility was built in East Meadow, NY in 2000 by B2K Development, a Long Island-based real estate developer and builder. Since then, The Bristal has expanded to include over 20 facilities, each with its own unique character and charm.
Overall, The Bristal’s operational structure is designed to provide residents with the highest level of care and support, while also ensuring that the company’s facilities are well-managed and financially sound. With a strong management team and a commitment to excellence, The Bristal is well-positioned to continue to grow and expand in the years to come.
Financial Insights
Revenue Streams
The Bristal Assisted Living is a privately owned senior living company that generates revenue primarily through the rental of its senior living accommodations. As of 2024, the company has a total of 27 communities across four states, including New York, New Jersey, Connecticut, and Massachusetts. Each community offers a range of accommodations, including independent living, assisted living, and memory care units.
According to Dun & Bradstreet, The Bristal Assisted Living generates an estimated $200 million in annual revenue. The company’s revenue growth has been steady over the years, with a compound annual growth rate of approximately 5% over the past five years.
Investment Information
In 2024, Harrison Street and Engel Burman Group announced plans to buy back The Bristal Assisted Living chain, which they had sold to Welltower Inc. in 2015. The buyback deal is expected to close by the end of the year, with Harrison Street and Engel Burman Group paying approximately $1.8 billion for the chain, according to Wealth Management.
The Bristal Assisted Living has been a profitable investment for Welltower Inc., which is a real estate investment trust (REIT) that specializes in healthcare properties. According to Dun & Bradstreet, Welltower Inc. acquired The Bristal Assisted Living for an estimated $1.15 billion in 2015. The company has since invested in expanding the chain, with plans to open several new communities in the coming years.
Regulatory Compliance
The Bristal Assisted Living is a reputable senior living service provider that operates in compliance with state and federal regulations. The company is licensed by the New York State Department of Health and is subject to regular inspections to ensure that it complies with the department’s regulations.
The Bristal Assisted Living also adheres to the regulations set forth by the New York State Department of Social Services. The company’s management team ensures that all employees are trained on compliance requirements and that they follow all applicable regulations. The company also has a compliance officer who oversees compliance with all regulations.
To ensure that residents receive quality care, The Bristal Assisted Living conducts regular assessments of residents’ needs and develops individualized care plans. The company also provides medication management services to residents to ensure that they receive the correct medication at the right time.
In addition to complying with state and federal regulations, The Bristal Assisted Living also adheres to industry best practices. The company has a code of conduct that all employees must follow, and it has policies and procedures in place to address any violations of the code. The company also has a resident grievance policy that outlines the steps residents can take if they have any concerns about their care or treatment.
Overall, The Bristal Assisted Living is committed to providing high-quality care to its residents while complying with all applicable regulations. The company’s focus on regulatory compliance helps ensure that residents receive the care they need in a safe and supportive environment.
Strategic Partnerships
The Bristal Assisted Living chain is jointly owned by Harrison Street and Engel Burman Group. The partnership between these two companies has been in place since 2014 when they acquired the Bristal portfolio.
Harrison Street is a real estate investment firm that specializes in alternative real estate assets, including senior housing. The firm has invested heavily in senior housing over the years and has a strong track record in the industry. Harrison Street’s partnership with Engel Burman Group has allowed them to expand their senior housing portfolio and provide high-quality services to residents.
Engel Burman Group is a real estate development and management company that has been in business for over 60 years. The company has developed and managed a wide range of properties, including senior housing, multi-family housing, and commercial properties. The partnership with Harrison Street has allowed Engel Burman Group to expand their senior housing portfolio and provide residents with high-quality services and amenities.
Together, Harrison Street and Engel Burman Group have been able to grow the Bristal Assisted Living chain into one of the largest and most respected senior living providers in the Tri-State area. The partnership has allowed the companies to leverage their expertise and resources to provide residents with the best possible care and services.
In addition to their partnership with Harrison Street, Engel Burman Group has also formed strategic partnerships with other companies in the senior living industry. For example, the company has partnered with the Alzheimer’s Association to provide training and support to staff members who work with residents with dementia. These partnerships have allowed Engel Burman Group to stay at the forefront of the senior living industry and provide residents with the best possible care.
Community Involvement
The Bristal Assisted Living is committed to giving back to the communities it serves. The company supports a variety of charitable causes and organizations, including the Alzheimer’s Association, the American Cancer Society, and the American Heart Association. The Bristal also sponsors events and activities that promote health and wellness, such as fitness classes and health fairs.
In addition to supporting national organizations, The Bristal is also involved in local community activities. For example, the company sponsors local sports teams and participates in local charity events. The Bristal also partners with local schools to provide educational programs and internships for students interested in pursuing careers in healthcare.
The Bristal also supports its own residents by providing a variety of social and recreational activities. These activities are designed to promote socialization and engagement among residents, and include arts and crafts, games, and music programs. The company also offers educational seminars and workshops on a variety of topics, such as financial planning and healthcare management.
Overall, The Bristal Assisted Living is committed to making a positive impact in the communities it serves. Through its charitable giving, community partnerships, and resident-focused programs, The Bristal is dedicated to improving the quality of life for seniors and their families.
Frequently Asked Questions
Who is the Executive Director of The Bristal Assisted Living?
As of 2024, the name of the Executive Director of The Bristal Assisted Living is not publicly available.
Where is The Bristal Assisted Living corporate office located?
The Bristal Assisted Living’s corporate office is located in Bohemia, New York, according to Dun & Bradstreet.
How can I contact The Bristal Assisted Living corporate office?
The Bristal Assisted Living’s corporate office can be contacted by phone at (631) 567-3113 or by email at info@thebristal.com, according to their website.
What are the average salaries for employees at The Bristal Assisted Living?
The average salaries for employees at The Bristal Assisted Living vary depending on the position and location of the facility. According to Glassdoor, the average salary for a Caregiver is $13 per hour, while the average salary for a Director of Nursing is $120,000 per year.
What is the cost range for residency at The Bristal Assisted Living facilities?
The cost range for residency at The Bristal Assisted Living facilities varies depending on the location and type of room. According to their website, prices start at $5,000 per month and vary by location and suite type.
What kind of benefits do The Bristal Assisted Living employees receive?
The Bristal Assisted Living offers a comprehensive benefits package to eligible employees, which includes medical, dental, and vision insurance, 401(k) retirement plan with company match, paid time off, and employee discounts, according to their website.
