Integrated Portfolio Management Solution Removes Dependence on Custom Databases and Excel Spreadsheets to Enable More Timely and Reliable Analysis

Needham, Mass., June 9, 2009 – Facing the need for more timely and reliable analysis and reporting, New Boston Fund, a real estate investment, development and management firm, has selected Resolve Technology’s Portfolio Maximizer software to automate the modeling of investment cash flows, debt, and partnership waterfalls.

“We were looking for a solution that would enhance the timeliness and efficiency of portfolio modeling in an integrated and scalable fashion,” said Tim Medlock, Senior Vice President and Chief Operating Officer at New Boston Fund. “We selected Portfolio Maximizer because it allows us to address a number of needs within a single solution and we were impressed by the Resolve team’s understanding of real estate and partnership structures. They have been very helpful in meeting our requirements in a timely and efficient manner.”

Specific requirements for New Boston Fund included:

• Creating long-term cash flow models that are consistent across the company and tightly integrated with the fund’s assets, debt, and equity models
• Constructing multi-tier waterfall models that immediately reflect the impact of cash flow changes on partnerships
• Providing easy access to dynamically modify debt modeling as market assumptions change (e.g. interest rates)
• Integrating performance calculations to ensure consistency and enable the reconciliation of fund-level performance metrics such as IRR, ROE, and NCREIF returns
• Utilizing what-if capabilities for quick evaluation of multiple scenarios

“Our most immediate need was to incorporate mark-to-market debt values into our financial statements,” says Medlock. “Thanks to the quick implementation of Portfolio Maximizer’s debt functionality, we were able to meet this requirement for our 2008 year-end reports.”

“Working with New Boston Fund has been an extremely gratifying experience,” says Eric Forman, Resolve Technology’s President and CEO. “Meeting the 2008 year-end reporting deadline with the Portfolio Maximizer debt mark-to-market calculations is a testament to the ability of the product to deliver immediate benefits, while at the same time providing a platform for end-to-end portfolio management, analysis, and optimization.”

For more information about Portfolio Maximizer, visit www.resolvetech.com.

About New Boston Fund

New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $4.4 billion including 22 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value add and urban real estate investment funds with a focus on diversification and capital preservation. New Boston Fund: People, Values, Returns. For more information, visit www.newbostonfund.com.

About Resolve Technology

Resolve Technology’s products are used by the world’s leading advisory and investment management firms, REIT’s, life insurance, pension fund, and banking institutions, managing over two billion square feet of real estate worth more than half a trillion dollars. Customers include Behringer Harvard, Bentall, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, and UBS. Founded in 1990, Resolve is headquartered in Needham, Massachusetts. For more information, visit www.resolvetech.com.