secwatch.observer — SEC 8-K summary
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Issuer:     NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN)
CIK:        0000746514
Form:       8-K/A
Filed at:   2025-09-03T23:59:59+00:00
Accession:  0001104659-25-087096
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud

New England Realty Acquires Hill Estates Portfolio for $175M in Belmont, MA
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/746514/000110465925087096/0001104659-25-087096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/746514/000110465925087096/tm2524410d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-087096

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