BPG PROPERTIES ACQUIRES BOSTON CAPITAL REAL ESTATE INVESTMENT TRUST

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PHILADELPHIA — BPG properties has acquired the assets of Boston Capital Real Estate Investment Trust for $13.30 per share. As part of the acquisition, BPG has also acquired an 11-property multifamily portfolio totaling 3,098 units. The deal is estimated to be a $260 million value. The purchase was made by BPG Investment Partnership VIII VIIIA.

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