Highest-materiality recent filing
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.
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.
Partnership files delayed Q3 10-Q, regains NYSE Amex compliance
Filed Form 10-Q for period ended Sep 30, 2022 on Jan 19, 2023.
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 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.
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