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Suffolk Downs Update 05/30/17

HYM closes on Suffolk Downs acquisition for $155 million


The HYM Investment Group has closed on its' acquisition of the 161-acre Suffolk Downs property in East Boston for $155 million. The sale amounts to $962,732.92 per acre. Bank of the Ozarks provided $80 million in financing towards HYM's acquisition. Seller Sterling Suffolk Racecourse LLC acquired the property in July 1997 for $39,734,500, or $246,798.14 per acre.

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