Orix USA Acquires Boston Financial

Complementary businesses are foundation for growth in affordable housing market

ORIX USA has expanded its focus on the affordable housing market with the acquisition of Boston Financial Investment Management (Boston Financial). The acquisition combines the financial strength and innovative capital solutions of ORIX USA with Boston Financial’s 47-year track record as one of the largest syndicators in the Low Income Housing Tax Credit (LIHTC) industry. Read More


Already a direct investor in both affordable housing bonds and in LIHTCs, the acquisition enables ORIX USA to:

  • Broaden its investment activity in the affordable housing industry
  • Improve the quality of life for local residents
  • Strengthen the local economy by creating jobs
  • Fortify a community’s tax base
  • Make it easier for local employers to attract and retain workers through investments in affordable housing


The acquisition is a natural extension of ORIX USA’s existing businesses, including:

  • RED Capital Group
  • Our Municipal business, which is a leading investor in the affordable housing bond markets
  • Established expertise in underwriting, construction management and asset management through our Real Estate groups

Driving Affordable Housing Together

How ORIX Has Grown Its Affordable Housing Footprint

With the recent announcements that ORIX USA acquired Boston Financial and increased our interest in RED Capital Group LLC (RED) to 100 percent, Hideto Nishitani, Chairman, President and CEO of ORIX USA, Ken Cutillo, Head of Boston Financial and Ted Meylor, Head of RED discussed the impact the three companies can have on the affordable housing market together.

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