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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.
Jeff Goldstein
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.