M&A - NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP

Form Type: 8-K

Filing Date: 2025-04-17

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925036039

Filing Summary: On April 15, 2025, New England Realty Associates Limited Partnership entered into a Purchase and Sale Agreement for the acquisition of multifamily and commercial properties located across several addresses. The properties include 391 residential condominium units known as the Hill Estates, along with various commercial structures. The total purchase price is $175 million, comprising $172 million for the Hill Estates and three commercial buildings, and $3 million for additional properties. A $5 million deposit was made, refundable under certain conditions. Due diligence will conclude by May 6, 2025, with anticipated closing on May 15, 2025, subject to various conditions being met, including the accuracy of seller representations and the property’s condition. The acquisition will be financed through a combination of cash and debt. The report includes forward-looking statements regarding the transaction's completion and related financing.