Boston Capital REIT Agrees to Be Acquired

Boston Capital Real Estate Investment Trust (REIT) Inc. recently announced that it has entered into a definitive agreement in which an affiliate of BPG Properties Ltd. will acquire the company in an all-cash transaction valued at $13.30 per share.

The merger has been unanimously approved by the company’s board of directors. Completion of the merger, expected to occur by the end of the first quarter of 2008, is subject to approval by the company’s common shareholders, as well as to certain other customary closing conditions.