Welcome to our dedicated page for NEW ENGLAND REALTY ASSOCIATES PARTNERSHIP SEC filings (Ticker: NEN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
New England Realty Associates Limited Partnership filings document the Partnership's real estate assets, capital structure and material corporate events. Recent 8-K and 8-K/A filings report completed property acquisition activity, including multifamily and commercial real estate in Belmont, Massachusetts, along with related financial statements and unaudited pro forma financial information required under Item 9.01.
The filings also describe material loan agreements and guaranty arrangements involving wholly owned subsidiaries, the registration of Class A Limited Partnership Units under the NEN symbol, exchange listing information, and governance and reporting status disclosures for a publicly traded real estate limited partnership.
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.
New England Realty Associates (NEN) reported Q3 2025 results, reflecting higher property scale and debt costs after recent acquisitions. Revenue rose to $23.7 million from $20.2 million, but the quarter showed a net loss of $0.5 million versus prior-year income, as depreciation and interest expense increased. For the first nine months, net income was $7.4 million, down from $11.4 million.
On June 18, NEN acquired a mixed-use property in Belmont, MA with 396 residential units and 3 commercial units for $172.0 million, plus two commercial properties for $3.0 million. Funding came from U.S. Treasury bill proceeds, a $40.0 million master credit facility advance, and a $67.5 million interim mortgage (SOFR + 150 bps). Mortgage notes payable increased to $511.2 million from $406.2 million at year-end.
Operating cash flow was $20.4 million; investing used $44.9 million and financing provided $20.3 million. The partnership disclosed it was in compliance with its revolving credit covenants except for the liquidity covenant. Construction of the 72‑unit Mill Street Development remains slated for completion in Q4 2025.
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.
Jameson P. Brown, a Director, 10% owner and Treasurer of New England Realty Associates Limited Partnership (NEN), reported transactions dated 09/30/2025 under the Partnership's equity repurchase program. The filing discloses a disposition of 0.21 Units of General Partner Interest (indirect) and 7.9 Class B Units of Limited Partnership Interest (indirect), with the reported price shown as $2,165.76. After the transactions, the reporting person beneficially owns 436.9 Units of General Partner Interest (indirect) and 16,600.6 Class B Units (indirect). The report notes these indirect holdings reflect the reporting person's 37.5% equity interest in the close-held corporation that is the general partner, and that the dispositions occurred through the Partnership's repurchase program.
New England Realty Associates Limited Partnership filed an amended current report to update specific pro forma financial footnotes related to its acquisition of Hill Estates et al. The partnership revised the unaudited pro forma figures that illustrate how the acquisition would have affected its results for the year ended December 31, 2024.
The updated footnotes state that the pro forma acquisition would result in an approximately $21,000,000 reduction in pro forma taxable income, equal to $179.45 per unit or $5.98 per receipt. They also show a decrease in pro forma cash available by operations of about $3,000,000, or $25.63 per unit or $0.85 per receipt. The amendment does not change any other disclosures from the earlier acquisition filings and is limited to correcting these pro forma calculations and related footnotes.
New England Realty Associates completed its previously reported acquisition of the Hill Estates properties in Belmont, Massachusetts, and is now providing the required property-level and pro forma financial information. The mixed-use portfolio includes 396 residential units, several commercial spaces, and two additional office buildings.
The aggregate purchase price was $175,000,000, with $172,000,000 allocated to the Hill Estates properties and $3,000,000 to the two non-contiguous commercial properties. Funding came from a $67,500,000 interim mortgage loan due December 17, 2025, an additional $40,000,000 borrowing under the Partnership’s master credit facility at a 5.99% fixed rate, and cash generated primarily from selling U.S. Treasury bills.
For the year ended December 31, 2024, the acquired property generated rental income of $10,305,745 and revenue in excess of certain expenses of $6,073,561
New England Realty Associates (NEN) expanded its portfolio and reported higher operating cash flow while carrying increased leverage. Total assets rose to $494.8 million from $393.5 million, driven by the June 18, 2025 purchase of a mixed-use Belmont property (396 residential units and 3 commercial units) for $172.0 million plus two commercial property purchases for $3.0 million. Cash and cash equivalents were $16.7 million and short-term Treasury bills of about $83.6 million at year-end were deployed for acquisitions.
Operating results showed rental income of $41.53 million for the six months ended June 30, 2025 (vs. $39.55 million prior year) and net income of $7.95 million (vs. $7.54 million). Net cash provided by operating activities improved to $18.01 million from $11.49 million. Mortgage notes payable increased to $511.18 million, total liabilities exceeded assets at $563.75 million, and partners' capital was a deficit of $(68.97) million. The Partnership remained in compliance with Brookline Bank credit covenants as of June 30, 2025.