leadership
confidence high
sentiment neutral
materiality 0.60
Trustee Robert Somma passes away; control of general partner shifts to Sally Michael
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
- Robert Somma died on September 15, 2021; was a trustee of the Harold Brown 2013 Revocable Trust.
- Trust and Ronald Brown control NewReal, Inc., the general partner of NEN.
- Sally Michael now has sole voting and dispositive control over Trust's NewReal shares.
- No replacement trustee or director has been named to fill Somma's vacancies.
- Somma also served as a director of NewReal; position remains unfilled.