PRESS RELEASES

Tuesday, January 14, 2014
NEW BOSTON FUND EMPLOYEE AWARDED BOMA SCHOLARSHIP

Ft. Lauderdale, Fla. – January 14, 2014 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that Sarah Marchitto has been awarded the Ron Macklin Scholarship.

Established by Building Owners and Managers Association (BOMA) Fort Lauderdale/Palm Beaches, the scholarship honors past president and board member, Ron Macklin. It recognizes Ron’s focus on excellence and his lifelong commitment to education, and developing and mentoring real estate professionals. BOMA Fort Lauderdale/Palm Beaches has also renamed its annual golf tournament as The Ron Macklin Memorial Open. A portion of the proceeds are donated to the education scholarship fund.

“It gives BOMA great pleasure to carry on the legacy of higher education that honors our past member, Ron Macklin,” said Melanie Schrul, Executive Director of BOMA Ft. Lauderdale/Palm Beaches. “We had 5 members apply for the scholarship and after an independent review of the applications, we awarded the first annual scholarship to Sarah Marchitto, an up and coming Property Manager. We are pleased that Sarah will continue in this career field and rise to greatness.”

Bunnie Willis, RPA, Senior Property Manager – Vice President for New Boston Fund at BayView Corporate Tower and immediate past president of BOMA Fort Lauderdale/Palm Beaches felt Sarah was the perfect candidate to nominate for the scholarship. “As Sarah’s immediate supervisor, I instantly saw her potential to benefit from the classes offered in the RPA program. She is a valued asset to the New Boston team at BayView.”

Marchitto is currently an Assistant Property Manager at BayView Corporate Tower, New Boston Fund’s Class-A office building in Fort Lauderdale. She plans to use the award to continue her pursuit of a Real Property Administrator (RPA®) certification that focuses on all aspects of managing commercial real estate.

“I am so thrilled to have been selected for this scholarship,” said Marchitto. “My goal is to be a Property Manager and this award will help me achieve the next step in my career.”

At BayView Corporate Tower, Marchitto is responsible for helping run operations at the 413,000-square-foot building, processing accounts payable, as well as completing vendor contracts and managing insurance policies for the property’s tenants and vendors. The property is located directly on Federal Highway, less than one mile from Fort Lauderdale beaches and the Intercoastal Waterway. Tenants at BayView include Whole Foods, CHG Healthcare, Kovack Securities, Intermedix and Landmark Worldwide.

Marchitto is an active member of BOMA Fort Lauderdale/Palm Beaches, the market in which she currently resides. Marchitto attended Florida Atlantic University where she studied business management.

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 $3.5 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