UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.01 Entry into a Material Definitive Agreement.
On March 12, 2025, NewReal, Inc., the general partner (the "General Partner") of New England Realty Associates Limited Partnership (the "Partnership"), authorized the Partnership to repurchase, over a period of twelve months, the Partnership’s Depositary Receipts (the “Depositary Receipts”) (each of which is a one-thirtieth (1/30) of a Class A Unit), Class B Units and General Partner Units (the Class B Units and General Partner Units, collectively, the “Partnership Units”) in an aggregate amount not to exceed the lesser of: $5 million or 10% of the Partnership’s balance of cash and investments in treasury bills. The Partnership may repurchase Depositary Receipts from time to time in open market transactions at prevailing prices not to exceed $95 per Depository Receipt, including through a trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, and through privately negotiated transactions. The Partnership must repurchase a proportionate number of Depositary Receipts and Partnership Units to maintain the 80%, 19% and 1% fixed distribution percentages of the holders of the Class A, Class B and General Partner Units under the Partnership’s Second Amended and Restated Contract of Limited Partnership. This repurchase authorization replaces the Partnership’s previous repurchase program.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP | |||
| By: | NewReal, Inc., its General Partner | ||
| By | /s/ Jameson Brown | ||
| Jameson Brown, its Treasurer | |||
| Date March 14, 2025 | |||
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