New Boston Fund Purchases Inglewood Business Park

Firm increases presence Mid-Atlantic market

McLean, VA?- February 6, 2007 - New Boston Fund, Inc., a real estate investment, development and management firm, recently acquired Inglewood Business Park in Largo, MD. The portfolio consists of two Class A office buildings and five Class A office/flex buildings along McCormick Drive close to Prince George`s County`s central business district. The property is currently 68 percent leased to a variety of tenants including the Prince George`s County government.

"New Boston Fund has made a long-term commitment to the Mid-Atlantic and we are eager to acquire and develop more properties this region," says Patrick Shooltz, Regional Director for the Mid-Atlantic. "The purchase of Inglewood Business Park is an example of New Boston Fund`s investment strategy to build a diversified portfolio in the Mid-Atlantic."

New Boston plans to make several physical improvements to the properties and to increase the portfolio`s occupancy through a fresh marketing campaign.

"Inglewood is a great addition to our Mid-Atlantic portfolio," says John Thompson, Director of Acquisitions for the Mid-Atlantic. "These are quality buildings that offer both large and small tenants a convenient location right off the I-95/495 Beltway in an amenity rich environment."

The Inglewood Business Park is 10 miles from downtown Washington, D.C. with easy access to Interstate 95. Nearby amenities include restaurants, shopping and entertainment at the Boulevard at Capital Center and a movie theatre. The new Largo Town Center Metro station is also close by.

About New Boston Fund, Inc.

New Boston Fund is a privately held real estate investment and development company led by seasoned real estate practitioners and known for its exceptional returns for investors. New Boston has developed or acquired commercial and residential properties with a cumulative market value of over $3.6 billion including 19 million square feet of commercial real estate and 6,200 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value add and urban strategy real estate funds. The New Boston Fund: People, Values, Returns.