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Long & Foster acquires South Jersey residential real estate practice

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Residential real estate specialist Long & Foster Real Estate Inc. announced Thursday it has acquired Hanco Property Management and Real Estate Inc., in Mantua.

Terms of the transaction were not disclosed by Long & Foster, of Chantilly, Va., in its announcement.

According to the announcement, Hanco employs four full-time staff responsible for managing about 175 residential and 16 homeowners’ association accounts in South Jersey. Long & Foster said it wants to make inroads into the region in the future.

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