New England Realty Associates (NEN) insider reports unit sale in repurchase

Rhea-AI Filing Summary

New England Realty Associates Limited Partnership reported an insider transaction by a director, officer, and 10% owner on 12/31/2025 under its equity repurchase program. The partnership repurchased 28.0 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 0.74 Units of General Partner Interest that were indirectly beneficially owned.

The equity repurchase program was renewed and reauthorized by the board of the general partner on March 9, 2020 and is described in a prior annual report. The purchase price for the Units of General Partner Interest was tied to the $69.11 purchase price of the Depositary Receipts contemporaneously repurchased under the same program. After the transaction, the reporting person continued to hold indirect interests in partnership securities through affiliated entities.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brown Jameson Pruitt

(Last) (First) (Middle)

NEW ENGLAND REALTY ASSOCIATES LP

39 BRIGHTON AVENUE

(Street)

ALLSTON MA 02134

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP [ NEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	TREASURER

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
NEN Units of General Partner Interest	12/31/2025		J(1)		0.74(2)	D	$2,073.27(3)	436.1	I	By Close-Held Corporation
NEN Class B Units of Limited Partnership Interest	12/31/2025		J(1)	V	28	D	$2,073.27(3)	16,572.7	I	By HBC Holdings, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Pursuant to the Partnership's equity repurchase program, as renewed and reauthorized by the Board of Directors of the General Partner on March 9, 2020 and as further described in the Partnership's Report on Form 10-K filed with the Securities and Exchange Commission on March 12, 2020, the Partnership repurchased 28.0 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 0.74 Units of General Partner Interest from the general partner of the Partnership that are indirectly beneficially owned by the reporting person.

2. Amounts reported represent 37.5% of the securities owned by the close-held corporation (which corporation is the general partner of the Partnership) based upon the reporting person's 37.5% equity interest in the corporation. The reporting person's interest is 37.5% after the disposition of the estate of Harold Brown on January 2, 2024.

3. The purchase price of the Units of General Partner Interest was equal to the $69.11 purchase price of the Depositary Receipts (each of which represents one-thirtieth of a Class A Unit of the Partnership) contemporaneously repurchased by the Partnership pursuant to its equity repurchase program.

	/s/ Jameson P. Brown	01/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction was reported for NEW ENGLAND REALTY ASSOCIATES LP (NEN)?

The report shows that the partnership repurchased 28.0 Class B Units of Limited Partnership Interest directly owned by the insider and 0.74 Units of General Partner Interest that were indirectly owned, all dated 12/31/2025.

Who is the reporting person in this NEN insider transaction?

The reporting person is a director, treasurer (officer), and 10% owner of New England Realty Associates Limited Partnership, identified in the signature as Jameson P. Brown.

How were the NEN units repurchased in this insider transaction?

The units were repurchased under the partnership’s equity repurchase program, which was renewed and reauthorized by the board of the general partner on March 9, 2020 and described in a prior Form 10-K.

What price was used for the NEN Units of General Partner Interest in this transaction?

The purchase price of the Units of General Partner Interest was equal to the $69.11 purchase price of the Depositary Receipts contemporaneously repurchased under the equity repurchase program.

How many NEN securities did the insider beneficially own after the repurchase?

After the transaction, the insider beneficially owned 436.1 Units of General Partner Interest indirectly through a close-held corporation and 16,572.7 Class B Units of Limited Partnership Interest indirectly through HBC Holdings, LLC.

How is the insider’s ownership in the close-held corporation that owns NEN units described?

The amounts reported for the close-held corporation represent 37.5% of the securities it owns, based on the reporting person’s 37.5% equity interest in that corporation after the disposition of the estate of Harold Brown on January 2, 2024.