New Boston Fund Develops, Sells Jordan`s Furniture Warehouse

Construction completed in less than one year


Taunton, Mass. (August 16, 2007) - New Boston Fund, Inc., a real estate investment, development and management firm, recently announced the sale of Jordan`s Furniture Distribution Center on Revolutionary Drive in Taunton to Jordan`s Furniture, a Berkshire Hathaway portfolio company. The property is fully operational as the central warehouse facility for all Jordan`s Furniture stores.

New Boston Fund was the owner and the developer of the Jordan`s Furniture Warehouse. Construction began in 2003 and was complete in less than one year.

"The successful development and sale of the Jordan`s Furniture Distribution Center shows the versatility of New Boston," says Bill Hunt, Senior Vice President and Development Project Executive for New Boston. "Through our vertical integration we are able to provide not only investment capital but development capabilities as well."

The Jordan`s Furniture Distribution Center is conveniently located near the junction of Routes 24 and I-495. The site includes 760,000 square feet of warehouse/distribution space and 40,000 square-feet of mezzanine office space.

The purchase and development of this facility was funded by New Boston Fund VI.

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 $4.0 billion including 20 million square feet of commercial real estate and 6,700 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. New Boston Fund: People, Values, Returns.