Company: NEN
Filing Date: 2025-06-13
Form Type: 8-K/A
Source: 0001104659-25-059327
Chunk: 1

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-06-13
Form: 8-K/A
Chunk 1
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12b-2 of this chapter).

Emerging growth company¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act .¨

<div align='center'>EXPLANATORY NOTE</div>

On June 10, 2025, New England Realty
Associates Limited Partnership, a Massachusetts Limited Partnership (the “Partnership”) filed a Current Report on
Form 8-K (the “Original 8-K”), which disclosed, among other things, that certain material agreements were being
filed as Exhibit 10.1 and Exhibit 10.2 thereto. However, due to an administrative error, the Original 8-K did not
include any exhibits. The Partnership previously filed the Master Credit Facility Agreement, dated as of November 30, 2021,
with a Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on December 6,
2021. The Partnership hereby amends the Original 8-K to revise the disclosure, provide additional information to more accurately and
completely describe the agreements being filed and include the omitted exhibits, as set forth below. Except as described herein, this amendment does not otherwise modify or update any disclosures in the Original 8-K and does not reflect
events occurring after the date of the Original 8-K.

Item 1.01 Entry into a Material Definitive Agreement.

On May 30, 2025, New England Realty Associates
Limited Partnership, a Massachusetts Limited Partnership (the “Partnership”), entered into Reaffirmation, Joinder and Second
Amendment to Master Credit Facility Agreement (the “Amendment”) to the Master Credit Facility Agreement, dated as of November 30,
2021 (as previously amended, supplemented, or otherwise modified, the “Facility”) with KeyBank National Association (“KeyBank”
or the “Original Lender”) and Fannie Mae, a corporation duly organized under the Federal National Mortgage Association Charter
Act, as amended, 12 U.S.C. §1716 et seq., and existing under the laws of the United States ("Fannie Mae"). All capitalized
terms that are not defined in this Current Report have the meaning as defined in the Amendment.

Pursuant to the Amendment, (i) Lender agreed
to provide the Partnership with (x) a Future Advance in the