News: Financial Digest

Bank R.I. held grand opening of new 3,230 s/f branch in Pawtucket

On October 29th, Bank R.I. held the Grand Opening of its Pawtucket branch which was designed by Vision 3 Architects. The new facility is the bank's 16th branch and expands its reach into another core urban area of the state. E.W. Burman, Inc. was the builder. The celebration included the Bank R.I. Singing Bee, hosted by B101 radio, in which five local charities earned money by singing money-themed songs. Located at 499 Smithfield Ave., Bank R.I.'s newest, 3,230 s/f, free-standing branch provides business-services that include a business center that is accessible outside of regular banking hours for meetings /seminars. The branch provides retail banking, small business services and investment services to the community.
MORE FROM Financial Digest

Preservation of Affordable Housing secures $23.5 million in financing from Rockland Trust and Citizens Bank

Cambridge, MA The nonprofit Preservation of Affordable Housing (POAH) has secured $23.5 million in financing from Rockland Trust and Citizens Bank to transform a 150-year-old, underutilized church complex into housing. The project will ultimately create 46 affordable family-sized apartments.
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Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Examples of investors who used Kay Properties for legacy and estate planning purposes for rental property/portfolios - by Dwight Kay

Preserving wealth across multiple generations requires strategic planning, foresight, and the right investment vehicles. Delaware Statutory Trusts (DSTs) offer a powerful solution for families looking to build and protect their financial legacy and to efficiently plan for their estate.
Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

Conn. hospitality market: A technical appraisal perspective on market dynamics and valuation challenges (2019-2025)

The Connecticut hospitality market has demonstrated uneven recovery patterns between 2019 and 2025, with boutique and historic properties achieving $125 RevPAR in 2025, up 8.7% from the 2019 level. Coastal resort properties achieved a $105 RevPAR in 2025, representing 10.5% growth since 2019. Casino corridor properties maintained modest growth with RevPAR improving 4.5% to $92 in 2025.