From the Boston Business Journal:

A veteran Boston real estate player and an ex-banker colleague filed to establish a fund as big as $20 million to invest in the residential property market.

Kevin J. Ahearn, of Otis & Ahearn, filed the securities form with colleague Jonathan Schneider.

The minimum investment will be $250,000, the filing states. They’ve already raised $1 million.

Their goal is to invest in what Schneider described in an interview as the “core neighborhoods of the Back Bay, Beacon Hill, the South End.”

Projects will be 10 units of fewer, he added. “Very small.”

What are your thoughts? Any takers?

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