New Boston Fund Automates Modeling of Real Estate Investment Cash Flows, Debt, Waterfalls

Needham, Mass.–New Boston Fund, a real estate investment, development and management firm, has selected Resolve Technology’s Portfolio Maximizer software to automate the modeling of investment cash flows, debt and partnership waterfalls.”We were looking for a solution that would enhance the timeliness and efficiency of portfolio modeling in an integrated and scalable fashion,” says Tim Medlock, senior vice president and chief operating officer at New Boston Fund. “We selected Portfolio Maximizer because it allows us to address a number of needs within a single solution and we were impressed by the Resolve team’s understanding of real estate and partnership structures.” “Our most immediate need was to incorporate mark-to-market debt values into our financial statements,” says Medlock. “Thanks to the quick implementation of Portfolio Maximizer’s debt functionality, we were able to meet this requirement for our 2008 year-end reports.”  Specific requirements for New Boston Fund included: Creating long-term cash flow models that are consistent across the company and tightly integrated with the fund’s assets, debt, and equity models Constructing multi-tier waterfall models that immediately reflect the impact of cash flow changes on partnerships Providing easy access to dynamically modify debt modeling as market assumptions change (e.g. interest rates) Integrating performance calculations to ensure consistency and enable the reconciliation of fund-level performance metrics such as IRR, ROE, and NCREIF returns Utilizing what-if capabilities for quick evaluation of multiple scenarios