Article Excerpt:
TWST: Would you start by telling us about Boston Capital and your responsibilities there?Mr. DeAgazio: I am President of Boston Capital Securities and Executive Vice President of Boston Capital Corporation. I am responsible for the marketing and sales of our public funds and our REITS. Boston Capital has been in business for nearly 32 years and has been a specialist in multi-family housing over that period of time. Recently, Boston Capital was ranked as the fourth largest owner of multi-family rental real estate in the United States. We have nearly 2,700 properties in 48 states and control about 147,000 rental apartment units for our investors.
TWST: Why did you just launch a REIT?
Mr. DeAgazio: We feel that an apartment REIT is a natural continuation
of our real estate accomplishments. Although this is our first REIT, we
have successfully sold our Tax Credit investments to individual
investors and continue to market investments to institutional investors.
The Tax Credit Fund allows institutions ' and up until recently, retail
investors ' to invest in affordable housing in order to enjoy the
benefits of very strong tax credits they get from these investments.
Recently, we launched a new product called the Boston Capital Real
Estate Investment Trust, which is a publicly registered non-traded REIT
that will be an apartment REIT for investors seeking potential income
and growth.
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