X0306 4 2012-01-03 0 0000746514 NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP NEN 0001459038 Valeri Carl Anthony C/O NEW ENGLAND REALTY ASSOCIATES, LP 39 BRIGHTON AVENUE ALLSTON MA 02134 0 0 0 1 5% Owner, Asset Manager NEN Depositary Receipts 2012-01-03 4 J 0 115412 A 173118 D NEN Depositary Receipts 2013-12-30 4 P 0 200 43.88 A 173318 D NEN Depositary Receipts 2013-12-30 4 P 0 100 43.94 A 173418 D NEN Depositary Receipts 2013-12-30 4 P 0 300 43.50 A 173718 D NEN Depositary Receipts 2014-01-17 4 P 0 100 45.00 A 173818 D NEN Depositary Receipts 2014-02-07 4 P 0 100 45.25 A 173918 D NEN Depositary Receipts 2014-04-08 4 P 0 100 44.75 A 174018 D NEN Depositary Receipts 2014-04-21 4 P 0 100 45.00 A 174118 D NEN Depositary Receipts 2014-04-28 4 P 0 100 44.95 A 174218 D NEN Depositary Receipts 2014-05-09 4 P 0 100 45.50 A 174318 D NEN Depositary Receipts 2014-05-09 4 P 0 100 45.60 A 174418 D NEN Depositary Receipts 2014-05-12 4 P 0 200 45.50 A 174618 D NEN Depositary Receipts 2014-05-19 4 P 0 100 46.73 A 174718 D NEN Depositary Receipts 2014-05-19 4 P 0 100 46.10 A 174818 D NEN Depositary Receipts 2014-05-19 4 P 0 100 46.10 A 174918 D NEN Depositary Receipts 2014-05-19 4 P 0 100 46.73 A 175018 D NEN Depositary Receipts 2014-05-20 4 P 0 100 46.00 A 175118 D NEN Depositary Receipts 2014-05-21 4 P 0 56 45.85 A 175174 D NEN Depositary Receipts 2014-05-28 4 P 0 100 46.58 A 175274 D NEN Depositary Receipts 2014-07-07 4 P 0 100 49.75 A 175374 D NEN Depositary Receipts 2014-07-07 4 P 0 50 49.95 A 175424 D NEN Depositary Receipts 2012-01-03 4 J 0 11716 A 17574 I Includes Depositary Receipts beneficially owned by reporting person's spouse and minor children NEN Depositary Receipts 2012-06-01 4 W 0 3654 0 A 21228 I Includes Depositary Receipts inherited by spouse. Because each Depository Receipt beneficially owned by Reporting Person represents beneficial ownership of one thirtieth of a Class A Unit of New England Realty Associates, the Reporting Person may be deemed to beneficially own (including both direct and indirect beneficial ownership) approximately 6,356 Class A Units. Issued pursuant to a 3-for-1 forward split of Depository Receipts /s/Carl A. Valeri 2014-10-29