In December 2020 Boston Capital sold substantially all of their low income housing tax credit (LIHTC) portfolio to Boston Financial Investment Management. Established in 1974, Boston Capital acquired more than 3,700 multifamily apartment properties in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands and Guam, constituting over 235,000 apartment units with a development cost in excess of $23 billion. Prior to the sale Boston Capital was one of the largest owners/investors of apartment properties in the U.S. As a result of the sale Boston Capital has exited the tax credit syndication business but is still active in multiple business lines.
Multifamily properties sponsored since inception
Years of experience in mortgage real estate finance
Invested in market rate apartments since 2002