Tuesday, September 15th, 2020
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An ORIX Corp. subsidiary, Boston Financial Investment Management, has entered into an agreement with Boston Capital to acquire its low-income housing tax credit fund portfolio, with the closing subject to customary conditions and approvals.
Boston Financial is among the leaders in the LIHTC industry, managing a $7.7 billion portfolio comprising over 1,125 properties and 98,110 units. The purchase of Boston Capital’s portfolio will nearly double the portfolio to $15 billion, the company reports.
Post-acquisition, it adds, it expects that Boston Financial will enjoy a top position in the LIHTC asset management industry and will be well-positioned to expand further via additional opportunistic investments.
Historical LIHTC performance has remained stable during past economic downturns, and ORIX says that it views the LIHTC business as one that shows projected growth, even during the economic uncertainty of the COVID-19 pandemic.
It notes, as illustration, that LIHTC foreclosures remained low during the 2008 Financial
Photo: E! Entertainment / Contributor / Getty Images
Khloé Kardashian is famed for having a gorgeous—and organized—home. But there’s one area that falls shockingly short: her garage.
At least that’s what we learn on “Get Organized With The Home Edit,” a new reality series from Netflix in which Clea Shearer and Joanna Teplin help celebs like Kardashian as well as regular people declutter every last corner of their space.
On the “Khloé Kardashian and a Bedroom Overhaul” episode, Teplin and Shearer head first to Calabasas to help Kardashian, a longtime client. Although her garage is massive, it still manages to look cramped and cluttered with too much stuff.
“It’s organized in, like, the worst way possible,” Kardashian says. “Like, it’s just a