Boston Capital, established in 1974, was a prominent player in the low income housing tax credit (LIHTC) syndication business until December 2020 when they sold their LIHTC portfolio to Boston Financial Investment Management. With a history of acquiring over 3,700 multifamily properties across the U.S. and beyond, Boston Capital had a development cost exceeding $23 billion, making them one of the largest owners and investors of apartment properties in the country.
Following the sale, Boston Capital shifted its focus to various business lines including the development of affordable, workforce, and market-rate multifamily housing, asset management, dispositions, construction, and permanent tax-exempt bond financing. With a track record of investing $1.6 billion in market-rate apartments since 2002 and sponsoring 3,700 multifamily properties, Boston Capital continues to be a key player in the real estate finance industry.
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