NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN): M&A transaction — New England Realty Acquires Hill Estates Portfolio for $175M in Belmont, MA

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP

Acquisition closed June 18, 2025; purchase price $175M; includes 396 residential units and commercial properties.
Financing: $67.5M interim loan from KeyBank at SOFR+150bps, due Dec 17, 2025.
Also borrowed $40M on master credit facility at 5.99% fixed; balance from Treasury bill sales.
Amendment filed to provide audited and pro forma financial statements for Hill Estates.
Properties in Belmont, Middlesex County, MA; acquired from Oak Realty, Vale Realty, Digiovanni Bros.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.95

NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP completed an acquisition involving Oak Realty and Service Company, LLC, Vale Realty and Service Company, LLC and Digiovanni Bros., Inc. for total purchase price of $175,000,000 (closed 2025-06-18).

Action: acquisition
Counterparty: Oak Realty and Service Company, LLC, Vale Realty and Service Company, LLC and Digiovanni Bros., Inc.
Consideration: total purchase price of $175,000,000
Closing: 2025-06-18

Exact text from the filing

non-contiguous properties including an 10,500 square foot office building and an approximately 13,350 square foot office building. The total purchase price for the property was $175,000,000, with an allocated purchase price of $172,000,000 for the Hill Estates Properties and $3,000,000 for the two non-contiguous commercial properties located at 26 Brighton Avenue, and

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Source: SEC EDGAR

accession 0001104659-25-087096

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