BOSTON CAPITAL REAL ESTATE INVESTMENT TRUST, INC. c/o Boston Capital Corporation One Boston Place Boston, MA 02180-4405

                                                                EXHIBIT 10.35

               BOSTON CAPITAL REAL ESTATE INVESTMENT TRUST, INC.
                       c/o Boston Capital Corporation
                              Xxx Xxxxxx Xxxxx
                           Xxxxxx, XX  00000-0000



                                                  March 11, 2005

BY HAND


BCP Funding, LLC
c/o Boston Capital Corporation
Xxx Xxxxxx Xxxxx
Xxxxxx, XX  00000-0000

                              RE:  REQUEST TO EXTEND MATURITY DATE

Ladies and Gentlemen:

    Reference is made to the Loan Agreement dated May 31, 2003 ("Loan
Agreement") between Boston Capital Real Estate Investment Trust, Inc., a
Maryland corporation ("Borrower") and you, as Lender. Please consider this
formal written notice that the Borrower hereby requests to extend the
Maturity Date of the Loan from May 31, 2005 to January 1, 2006.

    By its authorized signature below, Borrower hereby represents, warrants
and certifies to Lender that there is currently outstanding no Default or
Event of Default.

    All capitalized terms used herein shall have the meanings defined in the
Loan Agreement.

                                            Very truly yours,

                                            BOSTON CAPITAL REAL ESTATE
                                            INVESTMENT TRUST, INC.


                                            By:    /s/ Xxxxxxx X. Xxxxxxxxx
                                                   ------------------------
                                            Name:  Xxxxxxx X. Xxxxxxxxx
                                            Title: President