New England Realty insider unit restructuring filed
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP reported an internal restructuring transaction involving units indirectly tied to director and treasurer Jameson Pruitt Brown.
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Form Type
4
Rhea-AI Filing Summary
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP reported an internal restructuring transaction involving units indirectly tied to director and treasurer Jameson Pruitt Brown. On March 31, the partnership repurchased 0.26 Units of General Partner Interest and 9.8 Class B Units of Limited Partnership Interest under its equity repurchase program.
The 0.26 general partner units were held through a close-held corporation in which Brown has a 37.5% equity interest, while the 9.8 Class B units were directly beneficially owned by him and held through HBC Holdings, LLC. After these transactions, associated indirect holdings were 435.9 Units of General Partner Interest and 16,562.8 Class B Units of Limited Partnership Interest.
Insider Trade Summary 10b5-1
Other: 10.06 shares
Other
2 txns
Insider
Brown Jameson Pruitt
Role
TREASURER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | NEN Units of General Partner Interest | 0.26 | $1,938.96 | $504.13 |
| Other | NEN Class B Units of Limited Partnership Interest | 9.8 | $1,938.96 | $19K |
Holdings After Transaction:
NEN Units of General Partner Interest — 435.9 shares (Indirect, By Close-Held Corporation);
NEN Class B Units of Limited Partnership Interest — 16,562.8 shares (Indirect, By HBC Holdings, LLC)
Footnotes (3)
- 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 9.8 Class B Units of Limited Partnership Interest directly beneficially owned by the reporting person and 0.26 Units of General Partner Interest from the general partner of the Partnership that are indirectly beneficially owned by the reporting person.
- F2. 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.
- F3. The purchase price of the Units of General Partner Interest was equal to the $64.63 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
General partner units repurchased: 0.26 units at $1,938.96
Class B units repurchased: 9.8 units at $1,938.96
General partner units after transaction: 435.9 units
+2 more
5 metrics
General partner units repurchased
0.26 units at $1,938.96
Units of General Partner Interest repurchased on March 31, 2026
Class B units repurchased
9.8 units at $1,938.96
Class B Units of Limited Partnership Interest repurchased March 31, 2026
General partner units after transaction
435.9 units
Indirect holdings of Units of General Partner Interest following transaction
Class B units after transaction
16,562.8 units
Indirect holdings of Class B Units of Limited Partnership Interest after transaction
Depositary Receipt price
$64.63 per Depositary Receipt
Price contemporaneously repurchased; each represents 1/30 of a Class A Unit
Key Terms
equity repurchase program, Units of General Partner Interest, Class B Units of Limited Partnership Interest, close-held corporation, +1 more
5 terms
equity repurchase program financial
"Pursuant to the Partnership's equity repurchase program, as renewed and reauthorized..."
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.
Units of General Partner Interest financial
"the Partnership repurchased 9.8 Class B Units... and 0.26 Units of General Partner Interest..."
Class B Units of Limited Partnership Interest financial
"the Partnership repurchased 9.8 Class B Units of Limited Partnership Interest..."
close-held corporation financial
"Amounts reported represent 37.5% of the securities owned by the close-held corporation..."
Depositary Receipts financial
"The purchase price of the Units of General Partner Interest was equal to the $64.63 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Jameson Pruitt Brown report in this Form 4 for NEN?
Jameson Pruitt Brown reported two internal restructuring transactions involving partnership units tied to him. NEW ENGLAND REALTY ASSOCIATES repurchased 0.26 general partner units and 9.8 Class B units under its equity repurchase program, affecting his indirect and direct beneficial holdings.
How many NEW ENGLAND REALTY ASSOCIATES units were repurchased in this filing?
The partnership repurchased 0.26 Units of General Partner Interest and 9.8 Class B Units of Limited Partnership Interest. These units were beneficially owned by Jameson Pruitt Brown through related entities and were repurchased under the partnership’s previously authorized equity repurchase program.
What are Jameson Pruitt Brown’s holdings in NEN units after the transactions?
Following the restructuring, indirect holdings associated with Jameson Pruitt Brown total 435.9 Units of General Partner Interest and 16,562.8 Class B Units of Limited Partnership Interest. These positions are held through a close-held corporation and HBC Holdings, LLC, reflecting his indirect ownership interests.
How were the repurchase prices determined for the NEN units in this Form 4?
The reported price for both the 0.26 general partner units and 9.8 Class B units is $1,938.96 per unit. A footnote explains that the general partner unit price equals the $64.63 price per Depositary Receipt contemporaneously repurchased, with each Depositary Receipt representing one-thirtieth of a Class A Unit.
Was this NEN Form 4 an open-market buy or sell by Jameson Pruitt Brown?
No open-market buy or sell was reported. The transactions are coded as “J,” indicating other acquisitions or dispositions. Footnotes describe them as repurchases by the partnership under its equity repurchase program, involving units beneficially owned by Brown through related entities.
Which entities hold the NEN units linked to Jameson Pruitt Brown in this filing?
The 0.26 Units of General Partner Interest are held by a close-held corporation that is the general partner of the partnership, in which Brown owns 37.5%. The 9.8 Class B Units are held by HBC Holdings, LLC, and are directly beneficially owned by him.
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