[Form 4] NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP Insider Trading Activity

Rhea-AI Filing Summary

Ronald Brown, identified as President and a Director of New England Realty Associates Limited Partnership (NEN), reported transactions dated 09/30/2025. Pursuant to the partnership's equity repurchase program, the partnership repurchased 2.64 Class B Units of limited partnership interest directly owned by the reporting person and 0.14 Units of general partner interest that were indirectly owned. After the transactions, the reporting person beneficially owns 5,533.5 Class B Units directly and 291.27 General Partner Units indirectly (the latter reflecting 75% of the close‑held corporation holdings). The repurchases were executed under Transaction Code J(1) and the filing is signed 10/02/2025.

Positive

• Transactions disclosed under issuer repurchase program, showing program utilization
• Complete Form 4 filing with explanation and signature, supporting regulatory compliance

Negative

• None.

Insights

Corporate Governance Analyst

Insider sold small ownership slices under the repurchase program on 09/30/2025.

The filing shows the Partnership repurchased 2.64 Class B Units and 0.14 General Partner Units tied to Ronald Brown, who serves as President and a Director. The transactions are recorded with code J(1), indicating a repurchase by the issuer under an equity repurchase program.

This is a routine corporate buyback action rather than an open-market sale by the insider; the disclosure documents the change in beneficial ownership and the resulting holdings of 5,533.5 Class B Units (direct) and 291.27 General Partner Units (indirect).

Securities Compliance Specialist

Transactions appear compliant and include required explanations and signature.

The Form 4 includes an explanation referencing the board‑authorized equity repurchase program renewed on March 9, 2020 and cites a contemporaneous SEC report filed March 12, 2020. The filing discloses the purchase price linkage to a $72.19 Depositary Receipt repurchase price for general partner interest and the reporting person signed the form on 10/02/2025.

The report provides the necessary specifics for SEC Section 16 reporting: transaction date, code, amounts before/after, and a signed attestation.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

1. Name and Address of Reporting Person^*

BROWN RONALD

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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 Partnership Interest	09/30/2025		J(1)		0.14(2)	D	$2,165.76(3)	291.27	I	By Close-Held Corporation
NEN Class B Units of Limited Partnership Interest	09/30/2025		J(1)		2.64	D	$2,165.76(3)	5,533.5	D

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 2.64 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 0.14 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 75% of the securities owned by the close-help corporation (which corporation is the general partner of the Partnership) based upon the reporting person's 75% equity interest in the corporation.

3. The purchase price of the Units of General Partner Interest was equal to the $72.19 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/ Ronald Brown	10/02/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Ronald Brown report on the Form 4 for NEN?

The report discloses that on 09/30/2025 the partnership repurchased 2.64 Class B Units and 0.14 General Partner Units associated with Ronald Brown.

How many NEN units does Ronald Brown own after the transaction?

After the reported transactions, Ronald Brown beneficially owns 5,533.5 Class B Units directly and 291.27 General Partner Units indirectly.

What was the transaction code and what does it indicate?

The transactions are recorded with code J(1), which in this filing indicates the issuer repurchased the securities under its equity repurchase program.

When was the Form 4 signed?

The Form 4 was signed by Ronald Brown on 10/02/2025.

Is there a disclosed purchase price or price reference?

The filing references a purchase price linkage: the general partner interest purchase price was tied to a $72.19 Depositary Receipt repurchase price; a $2,165.76 figure is shown in the transaction price column.