SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   Schedule TO

               Tender Offer Statement Pursuant to Section 14(d)(1)
                     of the Securities Exchange Act of 1934

                            (Name of Subject Company)

                    Boston Financial Apartment Associates LP

                         A Delaware limited partnership

                               at $25 Net Per Unit

                                       by

               Equity Resource Lexington Fund Limited Partnership,
                       a Massachusetts limited partnership

                          Equity Resources Group, Inc.
                               Eggert Dagbjartsson

                            Limited Partnership Units

                  Eggert Dagbjartsson, Executive Vice President
                          Equity Resources Group, Inc.
                                44 Brattle Street
                               Cambridge, MA 02138
                                 (617) 876-4800


                            Calculation of Filing Fee

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     Transaction Valuation*                               Amount of Filing Fee
            $109,575                                             $21.92
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*    For purposes of calculating the filing fee only. This calculation assumes
     the purchase of 4,383 Units at a purchase price of $25 per Unit in the
     Partnership.

[_]  Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
     and identify the filing with which the offsetting fee was previously paid.
     Identify the previous filing by registration statement number, or the Form
     or Schedule and the date of its filing.
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     Amount Previously Paid:    Not Applicable   Filing  Party:  Not Applicable
     Form of Registration No.:  Not Applicable   Date Filed:     Not Applicable

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================================================================================



                                  TENDER OFFER

         This Tender Offer Statement on Schedule TO (the "Schedule TO") relates
to an offer by Equity Resource Lexington Fund, Limited Partnership, a
Massachusetts limited partnership, Eggert Dagbjartsson, its general partner and
Equity Resources Group, Inc., its manager (collectively the "Purchaser") to
purchase 4,383 units (the "Units") of limited partnership interests in Boston
Financial Apartment Associates LP, a Delaware limited partnership (the
"Partnership"), at $25 for each Unit, net to the seller in cash, without
interest, less the $50 transfer fee per transaction charged by the general
partner of the Partnership and less the amount of any distributions declared or
paid from any source by the Partnership with respect to the Units after May 30,
2002 (without regard to the record date), upon the terms and subject to the
conditions set forth in the Offer to Purchase (the "Offer to Purchase") and in
the related Agreement of Sale, copies of which are attached hereto as Exhibits
(a)(l) and (a)(3) (which are herein collectively referred to as the "Offer").
The information in the Offer to Purchase, including all schedules and annexes
thereto, is hereby expressly incorporated herein by reference in response to all
the items of this Statement, except as otherwise set forth below.

Item 12.          Exhibits

            (a)(1)    Offer to Purchase, dated May 30, 2002
            (a)(2)    Transmittal letter, dated May 30, 2002
            (a)(3)    Agreement of Sale
            (a)(4)    Summary Advertisement
            (b)       Not applicable
            (c)       Not applicable
            (d)       Not applicable
            (e)       Not applicable
            (f)       Not applicable
            (g)       Not applicable
            (h)       Not applicable



                                    SIGNATURE

            After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

Dated:      May 30, 2002   Equity Resource Lexington Fund Limited Partnership,
                                   a Massachusetts limited partnership

                                   By:  /s/  Eggert Dagbjartsson
                                        ----------------------------------------
                                               Eggert Dagbjartsson
                                               General Partner

                                   Equity Resources Group, Inc.
                                   A Massachusetts Corporation

                                   By:  /s/  Eggert Dagbjartsson
                                        ----------------------------------------
                                               Eggert Dagbjartsson
                                               Executive Vice President

                                   Eggert Dagbjartsson

                                   By:  /s/  Eggert Dagbjartsson
                                        ----------------------------------------
                                               Eggert Dagbjartsson



                                  EXHIBIT INDEX

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                                                                  Sequential
Exhibit No.                            Description               Page Number
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(a)(1) -            Offer to Purchase, dated May 30, 2002.           4-28
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(a)(2) -            Transmittal letter, dated May 30, 2002.           29
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(a)(3) -            Agreement of Sale                               30-33
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(a)(4)              Summary Advertisement                             34
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(b) -               Not applicable.
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(c) -               Not applicable.
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(d) -               Not applicable.
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(e) -               Not applicable.
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(f) -               Not applicable.
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(g)                 Not applicable
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(h)                 Not applicable.
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