Asset: Parking Garage & Retail
Location: Warwick, RI
SF: 464,000 (1,500 parking spots)
Acquisition date: June 2019
Investment Rational: Retail restaurant and structured parking garage conveniently located next to the Providence T.F. Green Airport. The assets provide consistent and stable income, with new proposed development and infrastructure nearby, and access to an international airport which caters to approximately 4.3 million passengers per year.