Company: NEN
Filing Date: 2025-09-03
Form Type: 8-K/A
Source: 0001104659-25-087096
Chunk: 10

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-09-03
Form: 8-K/A
Chunk 10
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information give effect to events that are directly attributable to the acquisition of the property and are factually supportable. The
unaudited Pro Forma Consolidated Financial Statements are prepared in accordance with Regulation S-X.

The unaudited Pro Forma Consolidated Financial
Statements set forth below are not facts and there can be no assurance that the Partnership’s results would not have differed significantly
from those set forth below if the acquisition had actually occurred on January 1, 2024. Accordingly, the unaudited Pro Forma Consolidated
Financial Statements are presented for illustrative purposes only and do not purport to represent and are not necessarily indicative of
what our actual financial position and results of operations would have been had the acquisition of the property occurred on the dates
indicated, nor are they indicative of our future financial position or results of operations. Readers are cautioned not to place undue
reliance on such information and the Partnership makes no representations regarding the information set forth below or its ultimate performance
compare to it. The unaudited Pro Forma Consolidated Financial Statements exclude any non-recurring charges or credits directly attributable
to the acquisition.

| New England Realty Associates Limited Partnership 
 Unaudited Pro Forma Consolidated Balance Sheet    
 As of March 31, 2025                              |     |          |             |   |     |                        |             |   |     |              |             |   |
|:--------------------------------------------------|:----|:---------|------------:|:--|:----|:-----------------------|------------:|:--|:----|:-------------|------------:|:--|
|                                                   |     |          |             |   |     | Pro Forma              |             |   |     |              |             |   |
|                                                   |     | Historic |             |   |     | Adjustments            |             |   |     | Consolidated |             |   |
|                                                   |     | NERA (a) |             |   |     | Hill Estates et al (b) |             |   |     | Totals       |             |   |
| ASSETS                                            |     |          |             |   |     |                        |             |   |     |              |             |   |
| Rental Properties                                 |     | $        | 282,997,706 |   |     | $                      | 168,338,473 |   |     | $            | 451,336,179 |   |
| Property Held for sale                            |