Highest-materiality recent filing
NERA amends pro forma footnotes; acquisition cuts taxable income $21M, cash available $3M
Amendment corrects footnotes C and D for Hill Estates acquisition pro forma.
New England Realty Acquires Hill Estates Portfolio for $175M in Belmont, MA
Acquisition closed June 18, 2025; purchase price $175M; includes 396 residential units and commercial properties.
New England Realty closes $172M acquisition of 396-unit Hill Estates in Belmont, MA
Acquired Hill Estates in Belmont, MA: 396 residential units, 4 commercial units, for $172M cash.
New England Realty secures $58.7M in advances (5.84%/5.99%); $40M for Hill Estates purchase
Entered second amendment to Master Credit Facility; obtained $18.664M advance at 5.84% to refinance Hamilton Highlands loan from Brookline Bank.
New England Realty obtains $58.7M in new debt from KeyBank at fixed rates
$40M advance at 5.99% fixed for purchase of Hill Estates in Belmont, MA.
NEN subsidiary signs $175M agreement to acquire Hill Estates and off-campus properties
Purchase price $175M for 391 residential condo units (Hill Estates) plus commercial buildings in Allston and Belmont, MA.
New England Realty authorizes up to $5M repurchase of Depositary Receipts and Partnership Units
Authorized on March 12, 2025; aggregate repurchase capped at lesser of $5M or 10% of cash and T-bill balances.
New England Realty Associates enters $25M revolving credit line with Brookline Bank
$25M revolving line of credit with Brookline Bank; matures Nov 21, 2027 with one-year extension option at Lender's discretion.
Partnership files delayed Q3 10-Q, regains NYSE Amex compliance
Filed Form 10-Q for period ended Sep 30, 2022 on Jan 19, 2023.
CFO of property manager Hamilton resigns; Karen Zermani appointed
Andrew Bloch resigned as CFO of Hamilton Company, which manages Partnership properties, effective Dec 5, 2022.
NEN receives NYSE American noncompliance notice due to delayed 10-Q from ransomware
Received NYSE American notice on Nov 15, 2022 for failure to timely file Q3 2022 Form 10-Q.
NEN property manager hit by ransomware; Q3 10-Q filing likely delayed
Ransomware incident at property manager Hamilton on Oct 3 2022; encryption impacted digital environment.
NEN enters $80.3M credit facility amendment with KeyBank at 4.33% fixed rate
Advanced $80,284,000 under amended Master Credit Facility; fixed interest rate 4.33%.
Appointed effective April 25, 2022, to the Board of Directors of NewReal, Inc., the general partner.
NEN secures $79.96M fixed-rate addition loan at 4.33% to refinance four properties
Loan amount $79,955,000 at 4.33% fixed rate, 120-month term, 420-month amortization.
Director Eunice M. Harps to retire from NewReal, Inc. board effective March 14, 2022
Eunice M. Harps notified the Partnership of her retirement as a director of NewReal, Inc., the general partner.
New England Realty enters $156M credit facility at 2.97% fixed, refinances $65M debt
Initial advance of $156M at 2.97% fixed rate from Keybank National Association.
Director Guilliaem Aertsen IV to retire from NewReal board effective Dec 31, 2021
Guilliaem Aertsen, IV, director of the general partner NewReal, announced retirement effective December 31, 2021.
New England Realty Associates enters $156M rate lock agreement with KeyBank at 2.97%
$156M fixed-rate loan at 2.97% via KeyBank/Fannie Mae; 120-month term, interest-only.
Trustee Robert Somma passes away; control of general partner shifts to Sally Michael
Robert Somma died on September 15, 2021; was a trustee of the Harold Brown 2013 Revocable Trust.
Effective as of December 5, 2022, the Board of Directors of Hamilton elected Karen N. Zermani as CFO of Hamilton to fill the vacancy created by the resignation of Mr. Bloch as CFO.
On December 5, 2022, Andrew Bloch, the Chief Financial Officer (“CFO”) of The Hamilton Company, Inc. (“Hamilton”), which has been engaged by New England Realty Associates Limited Partnership (the “Partnership”) to manage the properties of the Partnership, resigned as Chief Financial Officer.
On April 25, 2022, Martina Alibrandi was appointed to the Board of Directors of NewReal,Inc. and as a member of the Audit Committee of the NewReal, Inc.Board.
On February 14, 2022, Eunice M. Harps, a director of NewReal, Inc. (“NewReal”), the general partner of New England Realty Associates Limited Partnership (the “Partnership”), informed the Partnership of her intention to retire as a director of NewReal effective March 14, 2022.
Guilliaem Aertsen, IV, a director of NewReal, Inc. (“NewReal”), the general partner of New England Realty Associates Limited Partnership (the “Partnership”), informed the Partnership of his intention to retire as a director of NewReal effective December 31, 2021.
Mr. Somma, was a director of NewReal. No person has yet been designated to fill the vacancy created by the death of Mr. Somma.
Max materiality 0.80 · Median 0.55 · Most common event debt