BOSTON—Boston Capital announced the closing of Boston Capital Tax Credit Fund XXXIII, a nationally diversified portfolio of 49 affordable apartment properties in 20 states and the District of Columbia.
The $305 fund is one of the largest that the firm has closed in years, according to Jack Manning, president and CEO.
With the recent closing, Boston Capital has investment $472 million in equity since January, reported company leaders.
The latest fund includes 19 seniors housing developments and 30 properties for families. In addition to the District of Columbia, the communities are in California, Delaware Florida, Kansas, Kentucky, Massachusetts, Maine, Maryland, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New York, Texas, Virginia, Washington, Wisconsin, and Wyoming.
The properties add 4,287 apartments to Boston Capital’s holdings, which include more than 162,600 apartments in about 2,575 properties.