New England Realty repurchases 5.11 Class B units

The purchase price of general partnership interest units equaled the $54.96 depositary receipt price; each receipt represents one-thirtieth of a Class A unit.

Rhea-AI Filing Summary

Ronald Brown reported disposition transactions in this Form 4 filing. New England Realty Associates Limited Partnership (NEN) repurchased 5.11 Class B units directly beneficially owned by President Ronald Brown and 0.27 units of general partnership interest from its general partner, indirectly beneficially owned by Brown, on September 30, 2026. The transactions were made pursuant to a Rule 10b5-1 plan. Brown's reported post-transaction positions were 5,487 Class B units held directly and 288.8 general partnership interest units attributable through a close-held corporation, reflecting his 75% equity interest in that corporation.

Insider Trade Summary 10b5-1

Other: 5.38 shares

Other 2 txns

Insider BROWN RONALD

Role PRESIDENT

Type	Security	Shares	Price	Value
Other	NEN Units of General Partnership Interest F1, F2, F3	0.27	$1,648.91	$445.21
Other	NEN Class B Units of Limited Partnership Interest F1, F3	5.11	$1,648.91	$8K

Holdings After Transaction: NEN Units of General Partnership Interest — 288.8 shares (Indirect, By Close-Held Corporation); NEN Class B Units of Limited Partnership Interest — 5,487 shares (Direct)

Footnotes (3)

1. F1. 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 5.11 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 0.27 Units of General Partner Interest from the general partner of the Partnership that are indirectly beneficially owned by the reporting person.
2. F2. 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. F3. The purchase price of the Units of General Partner Interest was equal to the $54.96 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.

Key Figures

Class B units repurchased: 5.11 units General partnership interest units repurchased: 0.27 units Class B units after transaction: 5,487 units +2 more

5 metrics

Class B units repurchased 5.11 units Directly beneficially owned by Ronald Brown; September 30, 2026

General partnership interest units repurchased 0.27 units Indirectly beneficially owned by Ronald Brown; September 30, 2026

Class B units after transaction 5,487 units Reported as directly held by Ronald Brown

General partnership interest units after transaction 288.8 units Reported through a close-held corporation

Equity interest in close-held corporation 75% Ronald Brown's interest in the corporation that is the Partnership's general partner

Key Terms

equity repurchase program, Class B Units of Limited Partnership Interest, Units of General Partner Interest, Depositary Receipts, +1 more

5 terms

equity repurchase program financial

"Pursuant to the Partnership's equity repurchase program"

A program where a company uses cash to buy its own shares from the market, reducing the number of shares available to outside investors. Like a baker buying back slices of a pie so each remaining slice is larger, buybacks can raise the value of each share and signal management’s confidence, but they also use cash that could be spent on growth or saved for safety—factors investors weigh when judging long-term value.

Class B Units of Limited Partnership Interest financial

"5.11 Class B Units of Limited Partnership Interest"

Units of General Partner Interest financial

"0.27 Units of General Partner Interest"

Depositary Receipts financial

"$54.96 purchase price of the Depositary Receipts"

A depositary receipt is a certificate issued by a bank that represents ownership of shares in a foreign company and can be bought and sold on a local stock exchange. Think of it as a proxy share held in a safe abroad so investors can trade and receive dividends in their own market and currency, making it easier to access foreign companies while exposing investors to the issuer’s underlying business and cross‑border risks.

Class A Unit financial

"one-thirtieth of a Class A Unit"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NEN units did the company repurchase from Ronald Brown?

New England Realty Associates Limited Partnership repurchased 5.11 Class B units directly beneficially owned by President Ronald Brown and 0.27 units of general partnership interest indirectly beneficially owned by him on September 30, 2026. The transactions were made pursuant to a Rule 10b5-1 plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 08:59 AM Accepted by SEC EDGAR 10/01/2026 - 08:58 AM Learn about SEC filing dates

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).

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 RONALD

(Last) (First) (Middle)

NEW ENGLAND REALTY ASSOCIATES LP

39 BRIGHTON AVENUE

(Street)

ALLSTON MASSACHUSETTS 02134

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

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

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

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

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	09/30/2026		J(1)		0.27(2)	D	$1,648.91(3)	288.8	I	By Close-Held Corporation
NEN Class B Units of Limited Partnership Interest	09/30/2026		J(1)		5.11	D	$1,648.91(3)	5,487	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 5.11 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 0.27 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 $54.96 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	10/01/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)