This asset was acquired in 2021 under Integra Marinas, Integra Investments’ marina business vertical, with joint venture partner BLG Capital Advisors. The under-optimized property, Greenwich Cove Marina, is a deep-water basin marina in the Greenwich Bay section of Rhode Island’s Narragansett Bay.

Upon purchase, the property accommodated vessels up to 300 feet and offered 186 wet slips, a sizable dry storage facility for winter storage, and a mooring field for up to 100 vessels. Integra Marinas overhauled launch and hauling services, including revamped dockside service experiences and property-wide capital improvements to maximize value and profitability.

The world-class marina is within walking distance of the historic East Greenwich Main Street district, and through strategic renovation and repositioning of the property, it is now a high-performing asset in a high-barrier-to-entry market.