Japan's Orix buys U.S. housing tax credit syndicator

Japan's Orix buys U.S. housing tax credit syndicator

Japanese financial services company Orix Corp has bought Boston Financial Investment Management, a U.S. money manager specialized in tax credit investments for low-income housing suppliers, two sources said on Saturday.

Orix paid several hundred million dollars to buy Boston Financial Investment Management, said the sources, who had direct knowledge of the deal but were not authorized to discuss the matter publicly.

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