Press Release
Boston Capital Closes on Market Rate Multifamily Developments in Independence, MS
November 9, 2006
150 kb
Boston, MA – November 9, 2006 -- Boston Capital closed its investment in the Dunes at Eastland
Center, a to -be-built 240 unit, Class A market rate apartment development in Independence,
Missouri. This is a joint venture with Dunes Residential Services, a regional development and property
management company based in Kansas City.
Located 10 miles east of Kansas City, the Dunes at Eastland Center will feature 15, two-story
buildings, each containing 16 units. Amenities will include nine-foot ceilings, sound-proof thermal
windows, fiber optic wiring, storage and balconies. Top -floor units will have vaulted ceilings and each
unit will offer a view of a river park, wooded area, green space or swimming pool.
The property provides multiple access points to planned bike and hiking trails as well as multiple
restaurants, medical offices and retail outlets. The 15-acre apartment community will be part of the
Eastland Center Park, a 212-acre mixed-use development located at the interchange of Interstates 70
and 470, providing excellent access to greater Kansas City.
“The Dunes at Eastland Center provides us with an excellent opportunity to invest in market rate
apartments in an area experiencing strong retail, population and employment growth,” said Jeff
Goldstein, executive vice president and director of Real Estate at Boston Capital. "We are extremely
happy to be in partnership with Dunes Residential Services in this development and look forward to
growing our investment in new multifamily developments in Missouri and 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. As of January 2006, Boston Capital ’s holdings included over 2,650
multifamily apartment properties in 48 states and the District of Columbia, constituting over 147,000
apartments with a development cost in excess of $11.3 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 – November 9, 2006 -- Boston Capital closed its investment in the Dunes at Eastland
Center, a to -be-built 240 unit, Class A market rate apartment development in Independence,
Missouri. This is a joint venture with Dunes Residential Services, a regional development and property
management company based in Kansas City.
Located 10 miles east of Kansas City, the Dunes at Eastland Center will feature 15, two-story
buildings, each containing 16 units. Amenities will include nine-foot ceilings, sound-proof thermal
windows, fiber optic wiring, storage and balconies. Top -floor units will have vaulted ceilings and each
unit will offer a view of a river park, wooded area, green space or swimming pool.
The property provides multiple access points to planned bike and hiking trails as well as multiple
restaurants, medical offices and retail outlets. The 15-acre apartment community will be part of the
Eastland Center Park, a 212-acre mixed-use development located at the interchange of Interstates 70
and 470, providing excellent access to greater Kansas City.
“The Dunes at Eastland Center provides us with an excellent opportunity to invest in market rate
apartments in an area experiencing strong retail, population and employment growth,” said Jeff
Goldstein, executive vice president and director of Real Estate at Boston Capital. "We are extremely
happy to be in partnership with Dunes Residential Services in this development and look forward to
growing our investment in new multifamily developments in Missouri and 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. As of January 2006, Boston Capital ’s holdings included over 2,650
multifamily apartment properties in 48 states and the District of Columbia, constituting over 147,000
apartments with a development cost in excess of $11.3 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