Press Release
Boston Capital Closes on Market Rate Multifamily Development in Aurora, CO
January 25, 2007
150 kb
Boston, MA – January 25, 2007 -- Boston Capital closed its investment in the Aurora Town Center
Apartments, a to-be-built 288-unit Class-A garden-style apartment development located in Aurora,
Colorado. This is Boston Capital ’s second joint venture with Embrey Partners, a major multifamily
developer headquartered in the southwestern United States, with over 20 years of development and
real estate experience.
Located 10 miles east of downtown Denver, Aurora Town Center Apartments will feature 10 three and
four-story buildings containing one, two and three-bedroom units, a 5,250 square foot state-of-theart
clubhouse and a resort-style swimming pool on 12.3 acres of land. Amenities will include fireplaces
in select units, nine-foot ceilings, ceramic bath surrounds, wood-style floor entries and kitchens, full
size washer/dryer connections and bicycle rentals and racks.
The Aurora Town Center Apartments will provide direct access to the Highline Canal Trail, a 58-mile
bike/pedestrian trail originating in East Aurora and terminating at Waterton Canyon in the foothills of
the Rocky Mountains. The property will also provide excellent visibility and access from I-225, a major
north-south artery, which provides direct access to I-70, the major east-west connector between
Aurora and the Denver metro area.
“Aurora Town Center Apartments provides us with an excellent opportunity to invest in market rate
apartments in an area experiencing strong population and employment growth,” said Jeff Goldstein,
Director of Real Estate at Boston Capital. "We are extremely pleased to be in partnership with Embrey
Partners. We look forward to growing our investment portfolio of high-quality multifamily
developments with premier partners throughout the country."
About Boston Capital:
Boston Capital, headquartered in Boston, MA, is a private equity firm specializing in real estate and
tax advantaged investments for multifamily housing. As of January 2007, Boston Capital’s holdings
included over 2,700 multifamily apartment properties in 48 states and the District of Columbia,
constituting nearly 157,000 apartments with a development cost in excess of $11.4 billion. Boston
Capital is the fourth largest owner/investor of apartment properties in the country and the 11th
largest owner of real estate property in general.
For more information contact:
Mark W. Dunne
Managing Director
Boston Capital Real Estate Partners, LLC
One Boston Place
Boston, MA 02108-4406
(617) 624-8769
David Gasson
Vice President
Director of Corporate Communications
Boston Capital
One Boston Place
Boston, MA 02108-4406
(617) 624-8896
150 kb
Boston, MA – January 25, 2007 -- Boston Capital closed its investment in the Aurora Town Center
Apartments, a to-be-built 288-unit Class-A garden-style apartment development located in Aurora,
Colorado. This is Boston Capital ’s second joint venture with Embrey Partners, a major multifamily
developer headquartered in the southwestern United States, with over 20 years of development and
real estate experience.
Located 10 miles east of downtown Denver, Aurora Town Center Apartments will feature 10 three and
four-story buildings containing one, two and three-bedroom units, a 5,250 square foot state-of-theart
clubhouse and a resort-style swimming pool on 12.3 acres of land. Amenities will include fireplaces
in select units, nine-foot ceilings, ceramic bath surrounds, wood-style floor entries and kitchens, full
size washer/dryer connections and bicycle rentals and racks.
The Aurora Town Center Apartments will provide direct access to the Highline Canal Trail, a 58-mile
bike/pedestrian trail originating in East Aurora and terminating at Waterton Canyon in the foothills of
the Rocky Mountains. The property will also provide excellent visibility and access from I-225, a major
north-south artery, which provides direct access to I-70, the major east-west connector between
Aurora and the Denver metro area.
“Aurora Town Center Apartments provides us with an excellent opportunity to invest in market rate
apartments in an area experiencing strong population and employment growth,” said Jeff Goldstein,
Director of Real Estate at Boston Capital. "We are extremely pleased to be in partnership with Embrey
Partners. We look forward to growing our investment portfolio of high-quality multifamily
developments with premier partners throughout the country."
About Boston Capital:
Boston Capital, headquartered in Boston, MA, is a private equity firm specializing in real estate and
tax advantaged investments for multifamily housing. As of January 2007, Boston Capital’s holdings
included over 2,700 multifamily apartment properties in 48 states and the District of Columbia,
constituting nearly 157,000 apartments with a development cost in excess of $11.4 billion. Boston
Capital is the fourth largest owner/investor of apartment properties in the country and the 11th
largest owner of real estate property in general.
For more information contact:
Mark W. Dunne
Managing Director
Boston Capital Real Estate Partners, LLC
One Boston Place
Boston, MA 02108-4406
(617) 624-8769
David Gasson
Vice President
Director of Corporate Communications
Boston Capital
One Boston Place
Boston, MA 02108-4406
(617) 624-8896