PRESS RELEASES

Tuesday, February 05, 2013
NEW BOSTON FUND WINS TWO BOMA TOBY AWARDS

New Boston the most recognized property management company by Miami Chapter of the Building Owners and Managers Association

Miami, Fla. - February 5, 2013 - New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that they have received the Miami Chapter of the Building Owners and Managers Association’s (BOMA) highest individual honor and highest honor for a building. Property manager, Flavia Eternod has received the Property Manager of the Year award, and One Park Square the Property of the Year award.

The Outstanding Building of the Year (TOBY) Awards are the most prestigious and comprehensive awards in the commercial real estate industry. They evaluate all aspects of a building’s operations from management, to community involvement and green policies and procedures.

When New Boston acquired One Park Square in September 2010, the building was newly constructed and only at a ten percent occupancy. The occupancy rapidly increased to 50 percent with the addition of an anchor tenant, adding another 600 people to the building. The sudden growth in occupancy presented multiple operational opportunities for One Park Square which Flavia Eternod and her team handled smoothly and efficiently. Eternod successfully managed new and existing tenant relations, service contracts, and increased costs to make One Park Square a fully functioning building.

"These awards serve as a significant recognition of the professionalism that New Boston brings to the buildings it manages," said Pryse Elam, Southeast Regional Director at New Boston Fund. "There is no greater honor for a property manager than to be recognized by her peers not only for one’s individual work, but also for their building. We are incredibly proud of Flavia and the entire property management team."

One Park Square is an 11-story, 281,623-square-foot Class A+ mixed-use building in Doral, Fla. The building features ground-floor retail space and offers some of the highest quality finishes and amenities in the Miami market, as well as panoramic views of Miami and the world-renowned Doral Golf and Country Club. Flavia Eternod is responsible for all of the daily operations of the building, including maintenance, cost reduction and analysis, capital projects, business development, compliance, finances and collection, and tenant relations.

In November, One Park Square was also awarded the BOMA 360 Designation. The prestigious BOMA 360 Designation means One Park Square was recognized for achieving the highest standard of excellence and demonstrated best practices in operations and management; security and safety; training and education; energy; environment and sustainability; and tenant relations. One Park Square also recently earned the U.S. Environmental Protection Agency’s (EPA’S) ENERGY STAR certification, signifying that the building performs in the top 25 percent of similar facilities nationwide.

About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $4.4 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns. www.newbostonfund.com

INQUIRIES

For all news or media inquiries, please contact:
Allyson Quinby
Solomon McCown & Company
617-695-9555
aquinby@solomonmccown.com