ORIX, a private equity firm, completed the acquisition of Boston Financial Investment Management, a LIHTC company. Financial terms were not disclosed. “This acquisition is a natural extension of ORIX USA’s existing business and affirms our commitment to the affordable housing market. ORIX USA is already active in the affordable housing industry through our investment in RED Capital Group and has established expertise in underwriting, construction management and asset management through our Risk Management and Real Estate groups. With its seasoned management team, Boston Financial is a national leader in the tax credit industry having raised over $10bn of low-income housing and historic tax credit equity investments in over 2,200 properties. Combining our real estate and affordable housing expertise and deep capital resources with Boston Financial’s track record will strengthen Boston Financial’s position as one of the strongest independent syndicators in the market," Hideto Nishitani, ORIX Chairman, President and CEO.