Company: NEN
Filing Date: 2025-06-25
Form Type: 8-K
Source: 0001104659-25-062493
Chunk: 1

Company: NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP
Filing Date: 2025-06-25
Form: 8-K
Item: Item 1.01
Chunk 1
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ory note (the “ Note”) executed by the Borrower in favor of the Lender pursuant to the
terms of the Loan Agreement. The Note evidences the Loan (as defined in the Loan Agreement), and the Borrower’s payment obligations
under the Note are governed by the provisions of the Loan Agreement.

The Loan is secured by a mortgage on the Property, as defined in the
Mortgage, Assignment of Rents, Security Agreement, and Fixture Filing Agreement between the Borrower and the Lender dated June 18,
2025 (the “ Mortgage”) and payments under the Loan Agreement are guaranteed pursuant to the Limited Recourse Guaranty Agreement
dated June 18, 2025 (the “ Guaranty”) executed by the Partnership in favor of KeyBank.

The descriptions of the terms of the Loan Agreement,
Note, Mortgage, and Guaranty are qualified in their entirety by reference to the full text of the respective documents, copies of which
are attached hereto as Exhibits 10.1, 10.2, 10.3, and 10.4, respectively, and are incorporated herein by reference.

Item 2.01 Completion of Acquisition or Disposition of Assets.