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Transactions - MAY 19, 2020

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Boston Capital Partners with Brock Venture on multifamily community in N.C.

by Released

Boston Capital is investing in the development of Aaronfield at Miller’s Creek, a 52-unit development for families in Winston-Salem, N.C. The general partner is Brock Ventures. Aaronfield at Miller’s Creek will serve households earning 60 percent or less of the area median income.

Located on more than five acres, Aaronfield at Miller’s Creek will feature eight one-bedroom, 29 two-bedroom and 15 three-bedroom units. Six units will serve mobility-impaired residents and six units will be set aside for persons who have special needs or are homeless.

“Winston-Salem and its surrounding communities feature strong and diverse local economies, growing populations, and high demands for affordable housing,” said Jack Manning, president and CEO of Boston Capital.

The development will include a 600-square-foot common area featuring a multi-purpose room with resident computer workstations, a kitchen and a laundry room. Exterior amenities will include a children’

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