NE Realty Associates Files 8-K/A Amendment
Ticker: NEN · Form: 8-K/A · Filed: Sep 3, 2025 · CIK: 746514
| Field | Detail |
|---|---|
| Company | New England Realty Associates Limited Partnership (NEN) |
| Form Type | 8-K/A |
| Filed Date | Sep 3, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $175,000,000, $172,000,000, $3,000,000, $67,500,000, $40,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, asset-disposition, real-estate
TL;DR
NE Realty Associates filed an amendment for an asset deal. Check exhibits for details.
AI Summary
New England Realty Associates Limited Partnership filed an amendment (8-K/A) on September 3, 2025, regarding an event that occurred on June 18, 2025. The filing pertains to the completion of an acquisition or disposition of assets and includes financial statements and exhibits. The company is an operator of apartment buildings based in Allston, Massachusetts.
Why It Matters
This amendment provides updated information and exhibits related to a significant asset transaction, offering clarity on the company's operational changes.
Risk Assessment
Risk Level: low — This is a routine amendment filing for an asset transaction, not indicating new or elevated risks.
Key Players & Entities
- NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (company) — Registrant
- September 3, 2025 (date) — Filing Date
- June 18, 2025 (date) — Earliest Event Reported Date
- Allston, Massachusetts (location) — Principal Executive Offices
- 617-783-0039 (phone_number) — Registrant's telephone number
FAQ
What type of filing is this?
This is a Form 8-K/A, which is an amendment to a previously filed Current Report.
What is the primary business of New England Realty Associates Limited Partnership?
The company is an operator of apartment buildings, as indicated by its Standard Industrial Classification code [6513].
When was the earliest event reported in this filing?
The earliest event reported was on June 18, 2025.
What are the principal executive offices of the company?
The principal executive offices are located at 39 Brighton Avenue, Allston, Massachusetts 02134.
What is the filing date of this amendment?
The filing date of this amendment is September 3, 2025.
Filing Stats: 4,428 words · 18 min read · ~15 pages · Grade level 15.6 · Accepted 2025-09-03 17:04:57
Key Financial Figures
- $175,000,000 — tal purchase price for the property was $175,000,000, with an allocated purchase price of $1
- $172,000,000 — 00, with an allocated purchase price of $172,000,000 for the Hill Estates Properties and $3,
- $3,000,000 — 000 for the Hill Estates Properties and $3,000,000 for the two non-contiguous commercial p
- $67,500,000 — association in the principal amount of $67,500,000. The loan is secured by a mortgage on t
- $40,000,000 — The Partnership borrowed an additional $40,000,000 on its Master Credit Facility with an a
- $132,306 — The mortgage note acquisition costs of $132,306 have been offset against the mortgage n
- $135,870,000 — the Partnership allocated approximately $135,870,000 to the building and improvements, appro
- $4,714,000 — uilding and improvements, approximately $4,714,000 to in-place leases, approximately $305,
- $305,000 — 4,000 to in-place leases, approximately $305,000 to tenant relationships, $1,165,000 to
- $1,165,000 — ately $305,000 to tenant relationships, $1,165,000 to below market leases, and the remaini
- $67,500,000 m — lity at a fixed rate of 5.99%, and on a $67,500,000 mortgage loan payable at a variable inter
Filing Documents
- tm2524410d1_8ka.htm (8-K/A) — 191KB
- 0001104659-25-087096.txt ( ) — 372KB
- nen-20250618.xsd (EX-101.SCH) — 3KB
- nen-20250618_lab.xml (EX-101.LAB) — 33KB
- nen-20250618_pre.xml (EX-101.PRE) — 22KB
- tm2524410d1_8ka_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits
01. FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS (a)
FINANCIAL STATEMENTS OF PROPERTY ACQUIRED – HILL ESTATES et al, BELMONT, MASSACHUSETTS
FINANCIAL STATEMENTS OF PROPERTY ACQUIRED – HILL ESTATES et al, BELMONT, MASSACHUSETTS The audited financial as of and for the three months ended March 31, 2025 of the Hill Estates et al, are attached as Exhibit 99.1 to this Amendment and incorporated by reference herein. Independent Auditor's Report Notes to Statement of Revenue and Certain Expenses for the Year ended December 31, 2024 and the unaudited Statement of Revenue and Certain Expenses for the Three Months ended March 31, 2025 (b) UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL STATEMENTS — NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP The unaudited pro forma financial statements of the Partnership for the three months ended March 31, 2025 and for the year ended December 31, 2024, giving effect to the Acquisition and the related financing transactions described therein, are filed as Exhibit 99.2 to this Amendment and are incorporated by reference herein. Unaudited Pro Forma Consolidated Balance Sheet as of March 31, 2025 Unaudited Pro Forma Consolidated Income Statement for the Three Months Ended March 31, 2025 Unaudited Pro Forma Consolidated Income Statement for the Year Ended December 31, 2024 Notes to Unaudited Pro Forma Consolidated Financial Statements 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) Independent Auditor's Report To the Directors and Partners of New England Realty Associate Limited Partnership Opinion We have audited the accompanying statement of Revenues and Certain Expenses of a mixed-use real property consisting of 396 residential units and 3 commercial units and two