ASSET AND PORTFOLIO MANAGEMENT SERVICES
Unmatched Experience
Decades of experience and a nationwide presence in affordable housing has allowed Boston Financial to establish itself as a leading asset and portfolio manager in the industry.
Our organization has experience with diverse assets and fund investment structures and has demonstrated an ability to deliver consistent results and exceptional service in the performance of its fiduciary duties.
Right People, Right Skills, Right Focus
Boston Financial has over 80 professionals with unsurpassed real estate and LIHTC industry experience dedicated to asset management, fund management and client reporting.
Our personnel have in-depth expertise in multifamily real estate and rental markets, affordable housing finance, and all aspects of LIHTC asset and fund management.
Highly specialized teams in our division focus on portfolio performance, risk mitigation and client reporting, working together to create superior value for our clients.
Asset Management Teams
- Development Risk Management: Focuses on properties during construction and lease up phase
- Stabilized Asset Management: Monitors permanent loan conversion and operational phase
- Workout, Refinancing and Disposition: Implements risk mitigation and exit strategies
Fund Management Team
- Focuses on investor benefits and portfolio performance
- Coordinates reporting and client service
The activities of these teams are supported by dedicated accounting, legal, taxation, and data processing teams and our proprietary database and proprietary Information Technology applications.
Proprietary Information Technology
Boston Financial has invested significant financial and intellectual capital over the years to ensure we have the most advanced information technology systems to manage our portfolio. We have thoughtfully designed our proprietary database and IT applications to allow our investment management team to quickly identify both problems and opportunities in our portfolio and meet our clients’ reporting needs.
In│Site: our robust proprietary database, contains detailed, up-to-date information about every fund, partnership and property we manage.
Risk Matrix, K-1 Checklist, and Portfolio Reports: our proprietary IT business applications, support our asset and fund monitoring, risk management, and client servicing processes.
The Hub: our Web-based reporting portal, provides our investor clients with access to portfolio reports and tax and financial information for all of their investments.
Portfolio under Management
- $9.0 billion of LIHTC equity investments in 1,750 properties
- $1.2 billion tax-exempt bond portfolio comprised of 120 properties
- 186,000 units under management
- 155 corporate and individual investor funds; 125 institutional investors and 16,000 individual investors
- 19 guaranteed funds delivering projected benefits
- Over 300 property dispositions completed
Third Party Management Services
Our portfolio management capabilities are available to the affordable housing industry. Boston Financial can effectively integrate funds and properties into its platform and, in fact, has been a provider of asset and portfolio management services since 1999.
Expert teams and well established, IT-supported processes allow us to take on and manage portfolios without gaps in risk management and offer cost-effective services to our clients.
Our services are customized to meet client needs and portfolio objectives:
- Asset Management: Property and partnership monitoring and problem resolution
- Workouts and Dispositions: Troubled property turnarounds and year-15 exit strategies
- Fund Management: Investment performance monitoring and reporting
- Fund Accounting: Cash management, financial reporting and audited statements
- Reporting and Data Management: Client portfolio data collection and reporting
Integration of new portfolios into a new platform is a complex and time-consuming process that can create gaps in risk management. Unlike most affordable housing asset managers, Boston Financial is an experienced service provider and, to date, has seamlessly integrated four portfolios with over 1,100 assets into its platform, swiftly and without any interruption in monitoring or reporting.
- Added 122-property direct portfolio in 1999
- Integrated 575-property equity portfolio in 2003
- Absorbed 625-debt investments in 2006
- Added third party historic tax credit portfolio in 2007
For more information on Asset and Portfolio Management Services, please contact: