Recent Press Releases
The LIHTC Correction of 2008 and How We Got Here - By Bob Moss
You can call this the Correction Year of 2008 for the low-income housing tax credit (LIHTC).
-- May 08, 2008
Boston Capital Finance Closes Loans on Affordable Multifamily Developments in TX and CA
Boston Capital Finance (BCF) announced the closings of a construction/permanent loan for Citron Court Apartments in Lemon Grove, CA and a permanent-only loan for the Gardens of Gladewater in Gladewater, TX
-- April 14, 2008
Boston Capital partners with Seattle Housing Authority to rehabilitate 586 affordable units
Boston Capital invested in the rehabilitation of 586 apartment units in seven mid and high-rise buildings located on scattered sites in Seattle, Washington.
-- April 10, 2008
Boston Capital Finance Closes Loans on Three Affordable Multifamily Developments in TX, GA and CO
Boston Capital Finance (BCF) announced the closings of construction/permanent loans for Oak Tree Village Apartments in Dickinson, TX and Ashton Browns Mill Apartments in Atlanta, GA. BCF also closed a permanent-only loan for Sunshine Peak Apartments in Montrose, CO.
-- April 08, 2008
NMHC Ranks Boston Capital as Third Largest Apartment Owner in US
Boston Capital, the Boston based real estate investment and advisory firm founded by Jack Manning in 1974, has been recognized by the National Multi Housing Council (NMHC) as the third largest owner of apartments in the country.
-- April 03, 2008
Boston Capital Acquires Affordable Multifamily Development in Bartlesville, OK
Boston Capital invested in Brookhaven Plaza Apartments, a 120-unit multifamily development in Bartlesville, OK, located 40 miles north of Tulsa.
-- March 05, 2008
Boston Capital Real Estate Partners, LLC Closes Investment in Class A, Market Rate Multifamily Development in Raleigh, NC
Boston Capital Real Estate Partners, LLC (BCRE) closed its investment in Fairfield Corporate Center Apartments, a to-be-built 350-unit, luxury garden-style community located in Raleigh, NC.
-- March 03, 2008
Boston Capital Real Estate Partners, LLC Closes Two Investments in Class A, Market Rate Multifamily Developments in Colorado
Boston Capital Real Estate Partners, LLC (BCRE) closed investments in Alexan Broadway Station, a to-be-built 419-unit development in Denver, CO and Alexan at Briargate Apartments, a to-be-built 322-unit apartment development in Colorado Springs, CO
-- February 07, 2008
Boston Capital Real Estate Partners, LLC Closes Investment in Class A, Market Rate Development in Denver, CO
Boston Capital Real Estate Partners, LLC (BCRE) closed its investment in Broadstone at Parker Station, a to-be-built 212-unit, class-A, garden-style apartment development in Denver, CO.
-- January 29, 2008
Boston Capital Acquires Affordable Multifamily Development in Toms River, NJ
Boston Capital invested in Toms River Crescent Apartments, a to-be-built, 120-unit multifamily development in Toms River, NJ. Boston Capital provided the tax credit equity for the development; Boston Capital Finance LLC provided a construction-only loan which totaled $10,750,000.
-- January 24, 2008
Boston Capital Acquires Affordable Multifamily Development in Montgomery, AL
Capital acquired Sherwood Apartments, an 80-unit, garden-style multifamily development in Montgomery, AL.
-- December 10, 2007
Boston Capital Real Estate Partners, LLC Closes Investment in Class A, Market Rate Multifamily Development in Aurora, CO
Boston Capital Real Estate Partners, LLC (BCRE) closed its investment in Saddle Rock East Apartments, a to-be-built 263-unit, class-A, garden-style development located in Aurora, CO.
-- November 1, 2007
Boston Capital REIT Announces Agreement To be Acquired by BPG Properties, Ltd.
Boston Capital Real Estate Investment Trust, Inc. (the "Company" or "Boston Capital REIT") today announced that it has entered into a definitive agreement pursuant to which an affiliate of BPG Properties, Ltd. on behalf of BPG Investment Partnership VIII and VIII A, L.P. will acquire the Company in an all cash transaction for $13.30 per share.
-- October 24, 2007