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ORIX Corporation USA (ORIX USA), the Americas business of Tokyo-based ORIX Corporation (ORIX), announced today that wholly-owned subsidiary, Boston Financial Investment Management (Boston Financial), completed the acquisition of Boston Capital’s low-income housing tax credit (“LIHTC”) fund portfolio. ORIX entered into an agreement with Boston Capital to acquire the LIHTC fund portfolio in September 2020.
“This acquisition is an important milestone in our efforts to build a world-class real estate business, as well as re-affirming our commitment to the affordable housing community,” said
Terry Suzuki, ORIX USA President and CEO. “Combining the portfolios of two leading syndicators in the LIHTC industry creates one of the largest and most sustainable syndicators in the LIHTC industry, helping to drive growth and broaden Boston Financial’s services to affordable housing stakeholders.”
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NEW YORK, Dec. 17, 2020 /PRNewswire/
Lument has provided $219 million in conventional multifamily loans via Fannie Mae and Freddie Mac to refinance a multifamily portfolio with properties in Colorado, Texas, and Georgia. The portfolio consists of Arcadia Apartment Homes and Verdant Apartment Homes, both located in Colorado, Sunset Ridge and Calloway at Las Colinas, both in Texas, and 1000 Spalding Apartment Homes in Atlanta. The five communities total 1,628 units across 145 buildings.
The sponsor is a seasoned multifamily investor with communities located across the country. Lument s Atlanta office, which includes managing director John Beam, director James Kelly, director Keith Morris and vice president Deborah Proctor, led the transaction.
Lument Adds Industry Veteran David Boitano to Seniors Housing and Healthcare Team
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NEW YORK, Dec. 15, 2020 /PRNewswire/ Lument, a national leader in commercial real estate finance, announced today that David Boitano has joined the firm as a managing director. He will be responsible for delivering a broad array of debt and structured products to the firm s senior housing and healthcare clients. Boitano will be based in Tacoma, Washington, and will be part of Lument s western region seniors housing and healthcare production team co-led by Casey Moore and Doug Harper, both managing directors.
/PRNewswire/ Lument, a national leader in commercial real estate finance, has been ranked second in Federal Housing Administration (FHA) multifamily and.