News
MULTIFAMILY TUESDAY
April 17, 2012
| Boston Capital topped the National Multi Housing Council's ranking of largest apartment owners earlier this month. We chatted with Jeff Goldstein about his firm's Baltimore affordable housing assets. |
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| Baltimore continues to strive to be more than it is, and it's a market Boston Capital likes, Jeff says. (If there's one thing Boston admires, it's spunk, and Bmore's got it.) It's a difficult business to invest in the unproven submarkets where affordable is most needed, he says. There may be bigger need for 100 affordable units Downtown, but investors love suburban, garden-style apartment communities that look good in a brochure. Still, Jeff says Boston Capital is willing to go in on affordable in "tough properties"—with the right sponsor. On the horizon now are a 90-unit rehab in Nottingham, a 109-unit seniors property in Rosedale, and a family community in Randallstown. |
