HISTORY OF INVESTMENT ACTIVITY
Since its establishment in 1993, New Boston has sponsored a series of eight closed-end value added commingled real estate investment funds, all of which are closed to new investors and are in various stages of their investment lives. The following table provides an overview of New Boston’s prior funds from inception through September 30, 2013. Actual assets owned will vary due to prior dispositions.

Partnership Name   Year launched  

Total Equity

Raised

   Total Sqare Feet
Acquired/Developed		   Total Cost of
Real Estate Investments		  
LIQUIDATED                  
New Boston Real Estate Investment Fund, L.P.
   
1993
  
$9,530,000
  
729,000
  
$25,100,000
  
New Boston Real Estate Investment Fund, L.P. II
   
1994
  
$14,700,000
  
1,560,000
  
$48,700,000
  
New Boston Real Estate Investment Fund, L.P. III
   
1995
  
$40,200,000
  
3,185,000
  
$118,700,000
  
FULLY COMMITTED                  
New Boston Real Estate Individual and Institutional Investment Partnership Fund, L.P. IV
   
1998
  
$85,000,000
  
3,360,000
  
$252,900,000
  
New Boston Real Estate Investment Fund, L.P. V
   
2000
  
$260,000,000
  
8,440,000
241 units
  
$775,387,375
  
New Boston Real Estate Investment Fund, L.P. VI
   
2003
  
$420,000,000
  
7,124,000
4,962 units
246 hotel rooms
  
$1,513,046,635
  
Urban Strategy America Fund, L.P.
   
2005
  
$190,000,000
  

1,801,000

1,561 units
27.7 acres

  
$479,174,168
New Boston Real Estate Investment Fund, L.P. VII
   
2006
  
$200,000,000
  

1,847,000

48.5 acres

  
$330,856,112

On an aggregate basis during the period of 1993-2011, New Boston managed funds have invested, or committed to invest, in real estate with a combined cumulative market value of over $3.5 billion consisting of over 23 million square feet of commercial property, 7,500 residential units, 246 hotel rooms and 300 acres of land.