Boston Real Estate Firm Invests in Multifamily N.C. Complex

By Erin Brereton, Content ManagerRaleigh, N.C.–Boston Capital Real Estate Partners recently closed its investment in a 350-unit, garden-style community that will be located in Raleigh, N.C.The Fairfield Corporate Center Apartments is being developed by multifamily developer Fairfield Residential, which is headquartered in San Diego and Grand Prairie, Texas. The development is Boston Capital’s fourth joint venture with Fairfield–a partnership Boston Capital feels has helped it weather the recent housing market difficulties.“Boston Capital continues to thrive in a challenging economy largely due to the strategic partnerships we have established with Fairfield Residential and other premier partners throughout the country,” says Mark Dunne, managing director of Boston Capital Real Estate Partners. “The quality of the assets we bring to market continues to attract investors seeking premium real estate investments.”Featuring 15 three- and four-story buildings with 176 one-bedroom, 150 two-bedroom and 24 three-bedroom apartments, which average 1,009 square feet, the units will include washer and dryer connections, walk-in closets, oversized windows, custom cabinetry and large patios.Select units will feature fireplaces, vaulted ceilings, pantries and built-in bookcases, shelves and computer desks. The complex’s amenities will include a swimming pool and a clubhouse with an athletic center, business center and leasing offices.Real estate operating company Fairfield Residential provides acquisition, construction, development, redevelopment, property management, asset management and disposition services to its clients across the country. Headquartered in Boston, Boston Capital is a real estate investment and advisory firm specializing in real estate and tax advantaged investments for multifamily housing, equity investment in market rate apartment communities and renewable energy developments. The company has more than 2,800 multifamily apartment properties in 48 states and the District of Columbia