Asset: Parking Garage & Retail
Location: Rhode Island
SF: 464,000 (1,500 spots)
Acquisition date: June 2019 Fund II
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.