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LYSANDER, NY – November 8, 2006 – Boston Capital acquired Riverknoll at Radisson Apartments, a
to-be-built, 80-unit multifamily community in Lysander, NY, located 12 miles to the northwest of
Syracuse, NY. The general partner is Baldwin Real Estate Development Corporation, a DiMarco Group
Company, a New York-based owner, developer and manager of multifamily housing.

Riverknoll at Radisson Apartments will include eight one-bedroom, 32 two-bedroom and 40 threebedroom
garden -style units, available to residents at 60 percent or less of the area median income
(AMI). Twelve apartments will be available for occupancy by handicapped/developmentally disabled
persons. Amenities will include a community room, fitness center, playground and exterior storage.
The development consists of ten two-story garden -style buildings on a 13.7-acre site and is the first
phase of an approved development of 256 multifamily units on a 56.5-acre site. Located in the central
section of the community, the site has excellent access to employers, retail shopping and recreational
facilities, as well as easy interstate access.

"Boston Capital is extremely pleased to partner with the DiMarco Group in the acquisition of Riverknoll
at Radisson Apartments, offering much-needed affordable housing to the residents of Lysander and its
surrounding communities," said Jack Manning, president and CEO of Boston Capital. “For over 30
years, we have dedicated ourselves to the creation and preservation of affordable multifamily housing
throughout the country. We look forward to increasing our commitment to families with moderate
incomes in New York 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:
David Gasson
Vice President
Director of Corporate Communications
Boston Capital
One Boston Place
Boston, MA 02108-4406
(617) 624-8896