Property Types Multi-Family
May 4, 2009
Boston Capital announced the closing of Boston Capital Tax Credit Fund XXXI, a multi-family portfolio of 30 affordable apartment properties in 12 states with total equity invested of $120 million. With this closing, Boston Capital has invested $640 million in equity since January 2008. The properties acquired by Corporate Fund XXXI will add an additional 2,109 apartment units to Boston Capital’s holdings, which currently total over 170,000 apartments. Additionally, the firm expects to launch and close two multi-investor national funds totaling $200 - $250 million by calendar year end.
Boston Capital announced the closing of Boston Capital Tax Credit Fund XXXI, a multi-family portfolio of 30 affordable apartment properties in 12 states with total equity invested of $120 million. With this closing, Boston Capital has invested $640 million in equity since January 2008. The properties acquired by Corporate Fund XXXI will add an additional 2,109 apartment units to Boston Capital’s holdings, which currently total over 170,000 apartments. Additionally, the firm expects to launch and close two multi-investor national funds totaling $200 - $250 million by calendar year end.
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