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June 3, 2008 – Boston Capital invested in Residences at Eastland, a to-be-built, 146-unit
multifamily development in Forth Worth, TX. The general partner is an affiliate of The NuRock
Companies, a fully integrated owner, developer, contractor and manager of multifamily housing,
with offices in the Southeastern and Southwestern portions of the United States.

"Boston Capital continues to provide our developer partners and our investors the best finance
and investment programs in the business," said Jeff Goldstein, chief operating officer and
director of Real Estate at Boston Capital. "The Residences at Eastland is a confirmation of the
outstanding product Boston Capital and The NuRock Companies continue to bring to the
affordable housing marketplace."

Residences at Eastland will include 80 two -bedroom, 60 three-bedroom and six four-bedroom
units targeting families at 60% or less of the AMI. The 4,247 square foot common area will
include a furnished and staffed children's center, fitness center and a computer-equipped
business center/learning center. Additional site amenities will include a swimming pool, covered
pavilion, BBQ grills, tables and sun porch. Eleven units will be available for occupancy by
handicapped/developmentally disabled persons. The 28.54-acre site is located approximately
six miles southeast of Fort Worth’s central business district.

The development will benefit from the BreakOut program utilized at other developments owned
by The NuRock Companies. The program consists of after-school programs and summer camps
for the children of residents and literacy and GED preparation programs, tutors, study halls and
job readiness training for adult residents. NuRock’s staff coordinates the academic enrichment
programs via Camp Breakout (CBO). CBO works in conjunction with the local school systems
to provide the services to residents and the children.

About Boston Capital:

Boston Capital, headquartered in Boston, MA, is a real estate investment and advisory firm
specializing in tax advantaged investments for multifamily housing and equity investment in
market rate apartment communities. As of December 2007, Boston Capital’s holdings included
more than 2,800 multifamily apartment properties in 48 states and the District of Columbia,
constituting more than 168,000 apartments with a development cost in excess of $11.8 billion.
Boston Capital is the third largest owner/investor of apartment properties in the US and the 11th largest owner of real estate in general.

For more information contact:

Allison E. Marino
Communications Associate
Corporate Communications
Boston Capital
One Boston Place
Boston, MA 02108-4406
(617) 624-8678