Press Release
Boston Capital Closes on $266 Million Apartment Portfolio
April 19, 2006
150 kb
BOSTON, MA – April 19, 2006 – Boston Capital Corporation announced the closing of Boston Capital
Tax Credit Fund XXVI, a nationally diversified portfolio of 29 affordable apartment properties in 17
states with a capitalization of $266 million.
“At a time of tight competition for investment dollars and quality multifamily assets, we are very
pleased with the success we had in acquiring this portfolio of properties,” said Jack Manning, president
and CEO of Boston Capital Corporation. “The appetite for these investments is reflective of the quality
of our investment offerings. We will continue to provide our developer partners and our investors the
best finance and investment programs in the business.”
The portfolio acquired by Corporate Fund XXVI will add an additional 3,335 apartment units to Boston
Capital’s holdings, which currently total over 147,000 apartments.
Boston Capital Corporation, headquartered in Boston, Massachusetts, is a fully integrated finance and
investment company. Since its inception in 1974, Boston Capital has been on the cutting edge of
multifamily property investment, management and financing. Boston Capital serves clients nationwide
and internationally, controlling over 2,630 multifamily properties, constituting over 147,000
apartments located in 48 states and the District of Columbia, with a total development cost in excess
of $11 billion. Boston Capital is the 4th largest owner/investor of multifamily housing in America.
For more information contact:
David Gasson
Vice President
Corporate Communications
Boston Capital
One Boston Place
Boston, MA 02108-4406
(617) 624-8896
150 kb
BOSTON, MA – April 19, 2006 – Boston Capital Corporation announced the closing of Boston Capital
Tax Credit Fund XXVI, a nationally diversified portfolio of 29 affordable apartment properties in 17
states with a capitalization of $266 million.
“At a time of tight competition for investment dollars and quality multifamily assets, we are very
pleased with the success we had in acquiring this portfolio of properties,” said Jack Manning, president
and CEO of Boston Capital Corporation. “The appetite for these investments is reflective of the quality
of our investment offerings. We will continue to provide our developer partners and our investors the
best finance and investment programs in the business.”
The portfolio acquired by Corporate Fund XXVI will add an additional 3,335 apartment units to Boston
Capital’s holdings, which currently total over 147,000 apartments.
Boston Capital Corporation, headquartered in Boston, Massachusetts, is a fully integrated finance and
investment company. Since its inception in 1974, Boston Capital has been on the cutting edge of
multifamily property investment, management and financing. Boston Capital serves clients nationwide
and internationally, controlling over 2,630 multifamily properties, constituting over 147,000
apartments located in 48 states and the District of Columbia, with a total development cost in excess
of $11 billion. Boston Capital is the 4th largest owner/investor of multifamily housing in America.
For more information contact:
David Gasson
Vice President
Corporate Communications
Boston Capital
One Boston Place
Boston, MA 02108-4406
(617) 624-8896