Company: NEN
Filing Date: 2025-06-25
Form Type: 8-K
Source: 0001104659-25-062493
Chunk: 2

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-06-25
Form: 8-K
Item: Item 2.01
Chunk 2
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Item 2.01 Completion of Acquisition or Disposition of Assets.

On June 18, 2025, Hill Estates, a wholly-owned
subsidiary of New England Realty Associates Limited Partnership (the “ Partnership”), Oak Realty and Service Company, LLC,
a Delaware limited liability company, Vale Realty and Service Company, LLC, a Massachusetts limited liability company and Digiovanni Bros., Inc.,
a Massachusetts corporation (collectively, the “ Seller”) consummated the closing of the acquisition pursuant to the Purchase
and Sale Agreement dated as of April 15, 2025 (the “ Purchase Agreement”).

Pursuant to the Purchase Agreement, Hill Estates
acquired a multifamily and commercial real property located at 49-51-53-55 Hill Road, 10-12-22-24 Vale Road and 7-45 Hill Road, 10-16
Pond Street, 18-24 Pond Street, 26-32 Pond Street, 34-40 Pond Street, 66-72 Pond Street, 74-80 Pond Street, 6-8 Pond Street, 13-19 Pond
Street, 14-20 Hill Road, 22-28 Hill Road, 30-36 Hill Road, 38-44 Hill Road, 46-52 Hill Road, 42-48 Pond Street, 45-51 Pond Street, 50-56
Pond Street, 53-59 Pond Street, 58-64 Pond Street, 21-27 Pond Street, 29-35 Pond Street, and 37-43 Pond Street (the “ Hill Estates
Properties”), together with commercial properties located at 1 Vale Road (aka 4 Vale Road), 4 Hill Road and 55 Brighton Street,
Belmont, Massachusetts (the “ Property”) for an aggregate purchase price of $172,000,000 in cash (the “ Acquisition”).

Hill Estates funded the $104,500,000 cash portion
of the purchase price out of the cash reserves and the remaining $67,500,000 financed from the proceeds of the Loan described in Items
1.01 and 2.03.

In addition, as part of the acquisition, Brighton
26 & Concord 90 NERA, LLC, a Massachusetts limited liability company, a wholly-owned subsidiary of the Partnership, purchased
two non-contiguous commercial properties located at 26 Brighton Avenue, and 90 Concord Avenue, Belmont, Massachusetts from Oak Realty
and Service Company, LLC,