New Boston Forms New RE Fund

New Boston Fund Inc., Boston, has announced the formation of a $350 million closed-end, commingled investment fund designed to take advantage of opportunities in the real estate market over the next two to three years.The investment strategy of the fund, New Boston Real Estate Investment Fund LP VI, will combine a mix of core, value-added, and deeply discounted acquisitions with "selective risk-averse development" and will target a blended rate of return of 15%-20%, New Boston said. "Fund VI follows five very successful commingled funds organized between 1993 and 2000 that have catered to a well-balanced mix of affluent and institutional investors who are seeking current cash flow, superior overall returns, capital preservation, and portfolio diversification," said Jerry Rappaport Jr., president of New Boston. The company can be found on the Web at http://www.newbostonfund.com.