Boston Andes Capital

What Boston Andes Capital does

Boston Andes Capital (BAC), founded in 2002 and headquartered in Boston, MA, is a private equity real estate investment firm that pursues direct investment, asset management, and development strategies on mid-sized properties typically ranging from $10 million to $100 million. The firm operates across multiple asset classes including multifamily apartments, Class A and B office, industrial and flex/R&D, life science and laboratory, hospitality, early childhood education (NNN-leased to operators), and residential condominiums. Its current active development portfolio includes The Beck (290 units, Haverhill, MA), The Benjamin (364 units, Worcester, MA), and Paragon Dunes (132 units, Hull, MA), along with a Latin American portfolio spanning Argentina, Colombia, and Chile.

BAC co-invests alongside high net worth individuals through sole-purpose pass-through SPV entities, typically employing moderate non-recourse mortgage debt from commercial banks and holding each project for 3-8 years. Revenue is generated through three streams: recurring asset management fees during the holding period, carried interest on successful realization, and direct equity returns from co-investment. The firm sources off-market, undervalued assets and partners with established local operators (such as The Michaels Organization, The Procopio Companies, and Endeavor Schools) to execute deals, leveraging bilingual (English/Spanish) executive capability and offices in Boston, Buenos Aires, Bogota, and Santiago to bridge US and Latin American capital and deal flow. Ownership is held entirely by the executive team with no institutional PE or VC backing disclosed, and the team has expanded materially since 2021 through partner additions and equity grants.

Name

Boston Andes Capital

Legal name

Boston Andes Capital, LLC

Website

https://bostonandes.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Boston Andes Capital is a Boston-based private equity real estate firm that co-invests with high net worth individuals in mid-sized ($10M-$100M) multifamily, office, industrial, hospitality, and school properties across the US and Latin America through pass-through SPV structures.

Ownership category

akta.pro rank

Product category

Private Equity Real Estate Investment

NAICS

Other Financial Investment Activities (5239), Lessors of Other Real Estate Property (53119), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)

akta.pro secondary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Private equity real estate
• Real estate investment management
• Asset management services
• Real estate development
• Co-investment opportunities

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Asset Management Fees: Ongoing management fees from overseeing real estate investments on behalf of co-investors throughout the holding period.
2. Carried Interest: Performance-based carried interest from successful asset realization and appreciation over the 3-8 year holding period.
3. Co-Investment Returns: Returns from direct equity co-investments alongside partner investors in individual SPV vehicles.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Boston Andes Capital is a private equity real estate firm that sources, underwrites, structures, develops, and asset-manages mid-sized real estate projects (typically $10 million to $100 million) on behalf of a limited group of high net worth co-investors, organized through sole purpose pass-through SPV entities. The firm participates across multifamily, office, industrial/flex, life science/R&D, hospitality, education, and residential condominium asset classes in the US and Latin America, earning revenue through asset management fees, carried interest, and direct co-investment returns.

Product overview

Boston Andes Capital (BAC) is a private equity real estate investment, asset management, development, and consulting firm offering a comprehensive suite of services. The firm operates as a unified platform providing real estate investment management, asset management, development, and consulting services. BAC's investment strategy focuses on mid-sized projects ranging from $10 million to $100 million across various property types including multifamily apartments (The Beck, The Benjamin, Paragon Dunes), office properties (Presidents Place, Ledgemont Technology Center), industrial/flex properties (Rivertech, 1100 Technology Park), life science/R&D facilities, hotels (Aloft Providence, Ibis properties), education properties (Endeavor Schools portfolio), and residential condominiums. The firm maintains offices in Boston, Buenos Aires, and Bogotá, serving as both operator and advisor across the investment lifecycle from acquisition through disposition.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Investment Management Sourcing, underwriting, and structuring private equity real estate investment opportunities across multiple property sectors for high net worth co-investors.
• Asset Management Ongoing monitoring, oversight, and investor communication for real estate assets held in SPVs throughout the typical 3-8 year holding period.
• Real Estate Development

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• The Procopio CompaniescoreStrategic or Co-development Partner · 1 September 2025BAC partnered with The Procopio Companies for Paragon Dunes, a 132-unit Class A multifamily development in Hull, MA on Nantasket Beach. The partnership leverages local development expertise for waterfront multifamily projects.
• The Michaels OrganizationcoreStrategic or Co-development Partner · 1 April 2025BAC partnered with The Michaels Organization and GoVenture Capital Group for The Benjamin, a 364-unit Class A multifamily development in Worcester, MA. The partnership demonstrates BAC's model of co-investing with established local operators who specialize in specific asset classes.
• Endeavor SchoolscoreChannel Partner/ Reseller/ DistributorBAC acquired multiple school buildings and leases them 100% under 15-year NNN (Triple Net) format to Endeavor Schools, a leading early childhood education operator. BAC has acquired Starmaker (California, MD), Oak Grove (Alpharetta, GA), Kiddie Country (Burke, VA), and Children Discovery Center (Mt. Pleasant, SC) school buildings under this model.
• Starmaker MontessoriminorChannel Partner/ Reseller/ Distributor100% leased early childhood school tenant at California, MD location.
• Baker HughesminorChannel Partner/ Reseller/ Distributor100% lease tenant at 1100 Technology Park Drive in Billerica, MA until September 2026.
• Trillium Flow TechnologiesminorChannel Partner/ Reseller/ Distributor100% leased industrial tenant at 29 Old Right Road in Ipswich, MA under a 15-year lease.
• PallidusminorChannel Partner/ Reseller/ Distributor100% lease tenant at 1786 & 1800 Overview Drive in Rockhill, SC until September 2037.
• Rafael López Uribe & CompañíaminorStrategic or Co-development PartnerBAC partnered with this architectural firm for residential developments G1 and G2 in Bogotá, Colombia.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Others

• Boston Financial Group: Historic US real estate investment firm where BAC's founder James S. Hughes previously served as Managing Director (1972–1986). Indirect relationship through founder lineage; useful historic reference point for BAC's institutional DNA.

Direct peers

• Buchanan Street Partners: Mid-market PE real estate firm investing across office, multifamily, and industrial on behalf of HNW and institutional capital. Closely comparable to BAC's $10M–$100M deal size and diversified asset-class approach.
• Crow Holdings Capital: Dallas-based private equity real estate manager with a multi-strategy, multi-asset-class approach and family-office origins. Highly comparable to BAC's mid-market, multi-product real estate investment model and partner-style culture.
• Berkshire Residential Investments: Privately-held US multifamily investment and asset manager sourcing equity from institutions and HNW investors. Comparable to BAC's multifamily-heavy portfolio and HNW co-investment model.
• Taurus Investment Holdings: Multi-asset, multi-region PE real estate firm operating across the US, Europe, and Latin America with HNW and family-office capital. Closely mirrors BAC's cross-border LatAm platform and value-add, opportunistic strategy.

Broad incumbents

• Hines: Global real estate investment, development, and asset manager operating across asset classes and geographies. Comparable to BAC's development-plus-investment model and multi-asset platform, though at vastly larger scale.
• The Related Companies: Large diversified real estate firm combining development, investment management, and asset management across residential, office, and mixed-use. Comparable to BAC's development-and-investment dual model but at much greater scale.
• Ares Real Estate Group: Large diversified PE real estate platform with multi-strategy, multi-region funds. Comparable in strategy breadth and asset-class coverage but operates at meaningfully greater scale than BAC.

Market position

Strengths5 records

Weaknesses3 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=lezkSUzlD9I
• Xx.com/bostoncapital
• Facebookfacebook.com/bostonandes

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Boston Andes Capital