Wingate Living has acquired Wingate Residences in Cranston, RI, formerly known as Victoria Court. The memory care facility marks Wingate’s third property in Rhode Island and its only standalone memory care community.
“Expanding our presence in Rhode Island is an exciting and important step for Wingate,” said Alexandra Schuster, president of Wingate. “Wingate Residences at Cranston is already a thriving community, and we look forward to building on that strong foundation. Our focus remains on delivering exceptional care, creating meaningful connections, and providing an engaging, supportive environment where residents can truly thrive.”
Currently 100% occupied, Wingate Residences at Cranston is the only assisted living community located in the City of Cranston, according to Wingate. The new ownership plans to invest in renovations and enhancements. The acquisition maintains Wingate’s focus on providing personalized senior living experiences tailored to the needs of each community
Ariel Property Advisors has arranged the $37-million sale of 2185 Coyle St., a mixed-use development site offering 408,400 buildable square feet on a 96,000-square-foot lot in the Sheepshead Bay neighborhood of Brooklyn. The recently rezoned property is ideally suited for a large-scale affordable housing development. An Ariel team comprised of founding partners Victor Sozio and...
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Marcus & Millichap arranged the sale of Canyon Villas, a 122-unit, 122-operating bed, independent living, assisted living and memory care facility with 133 licensed beds in the Clairemont neighborhood of San Diego. Pricing was not disclosed. “Our marketing process on Canyon Villas generated multiple high-quality offers and provided the buyer with a compelling value-add opportunity...
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SJP Properties, in partnership with Claremont Development and Battery Global Advisors, announced that The Lucy, a new luxury residential tower, has topped out. Located at 619 Grove St. in Jersey City, the residential community includes 444 apartments and a full suite of amenities. The design preserves and restores historically significant portions of the site’s original...
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