Company: NEN
Filing Date: 2025-09-03
Form Type: 8-K/A
Source: 0001104659-25-087096
Chunk: 2

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-09-03
Form: 8-K/A
Chunk 2
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000,000, and Brighton 26 &
Concord 90 NERA, LLC acquired the two non-contiguous properties for an aggregate purchase price of $3,000,000. The Purchase
Agreement was filed as Exhibit 1.01 to the Partnership’s Form 8-K filed with the Securities and Exchange Commission on
April 17, 2025.

Also on June 18, 2025,
Hill Estates NERA, LLC, a Delaware limited liability company, and a wholly-owned subsidiary of the Partnership, entered into an
Interim Loan Agreement with KeyBank National Association, a national banking association in the principal amount of $67,500,000. The
loan is secured by a mortgage on the property with the Partnership acting as the Limited Guarantor. Interest on the Note is payable
on a monthly basis at a floating rate of the SOFR rate plus 150 basis points and the principal amount of the Note is due
and payable on December 17, 2025. The Loan is prepayable in whole or in part, without
prepayment penalty, upon not less than seven (7) days prior written notice to Lender. The Partnership borrowed an additional
$40,000,000 on its Master Credit Facility with an annual fixed rate of interest of 5.99%. The balance of the purchase price was
funded through cash proceeds generated from the sale of the Partnership’s investment in U.S. Treasury bills.

The Partnership filed the original report to report, among other things, the closing of the loan transaction and the completion of the acquisition transaction discussed above. The Partnership hereby amends the original report to include the financial
statements and pro forma financial information required by Item 9.01. The Partnership had previously indicated in the original Form 8-K that such financial statements and pro forma information would be provided no later than 71 days from the date on which the original Form 8-K was required to be filed.

Financial Statements and Exhibits

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

| (a) | FINANCIAL STATEMENTS OF PROPERTY ACQUIRED – HILL ESTATES et al, BELMONT, MASSACHUSETTS                                                                                                         
 The audited financial                                                                                                                                                                          
 statements of Revenues and Certain Expanses as of and for the fiscal year ended December 31, 2024 and the unaudited financial statements                                                       
 as of and for the three months ended March 31, 202