News: Financial Digest

Breda named senior vice president of Goedecke & Co.'s Westport, CT office

According to Goedecke & Co., LLC, Timothy Breda has been appointed as senior vice president in charge of the company's Westport, Conn. office. Breda will be responsible for origination of debt, equity and structured finance investments on behalf of clients throughout southern N.E. and metro New York. Breda has over 24 years of experience in commercial real estate including debt and equity placement, structured finance, appraisal and construction lending. According to Peter Goedecke, managing member, "We have known Breda for many years as a friend and a competitor and we are absolutely thrilled to have him join our team. He is universally esteemed by our lenders and we look forward to his deal-making in Conn. and the tri-state area."
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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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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.
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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.