SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2019

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 17—SUBSEQUENT EVENTS

From July 1, 2019 through August 5, 2019, the Partnership purchased a total of 1,660 Depository Receipts. The average price was $60.20 per receipt or $1,806.00 per unit. The total cost was $99,972.

The Partnership is required to purchase 13 Class B units and 1 General Partnership units at a cost of $23,735 and $1,249 respectively.

On August 5, 2019, Robert Somma and Sally Michael were appointed to the Board of Directors of NewReal, Inc. the General Partner of the Partnership.

Mr. Somma has practiced law since 1977 and has served as a federal bankruptcy judge between 2005 and 2008. He has represented the Partnership and its’ affiliates since the early 1990’s, serving as a senior legal and business advisor.

Ms. Michael has practiced law since 1987, with a focus on the representation of owners and developers on acquisitions, dispositions, financings, development and leasing of all classes of commercial property. She is the Managing Partner of the Boston law office of Saul Ewing Arnstein & Lehr.