BOSTON CAPITAL CLOSES $350M TAX CREDIT FUND

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BOSTON — Boston Capital has closed the Boston Capital Tax Credit Fund XXXV, a diversified portfolio of 53 affordable apartment properties in 21 states, including Maryland, Maine and Rhode Island. The total fund size is $350 million. The firm has raised nearly $640 million in equity since January 2011. The properties acquired by the fund add an additional 3,610 apartment units to Boston Capital's holdings. The fund includes 1,093 newly constructed units and 2,517 rehabilitated units. Boston Capital will launch Fund XXXVI later this month.

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