Boston Capital announced the closing of Boston Capital Corporate Tax Credit Fund XL, a nationally diversified portfolio of 21 affordable apartment properties in 13 states with a fund size of $120 million. The properties acquired by Corporate Fund XL add an additional 1,068 apartment units to Boston Capital’s holdings.
The Fund includes 17 properties for families and four developments for senior citizens across the United States. Fund XL will result in the creation of nearly 870 local jobs and will generate nearly $54 million in local salaries.
With the closing of Fund XL, Boston Capital has raised $538 million in equity in the past 12 months. Boston Capital recently launched Corporate Fund XLI, a $160 million fund expected to close in October 2015.
About Boston Capital:
Boston Capital, headquartered in Boston, MA, is a real estate investment and advisory firm specializing in equity investments in affordable multifamily housing and market rate apartment communities. Boston Capital’s holdings include more than 1,990 multifamily apartment properties in 49 states and the District of Columbia, constituting nearly 140,000 apartment homes with a development cost in excess of $16.1 billion. Boston Capital is one of the largest owners/investors of apartment properties in the United States.
For more information:
Boston Capital
Corporate Communications
(617) 624-8678
