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NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN)
NYSE · Finance, Insurance & Real Estate · Operators of Apartment Buildings
Core research established · 4/4 core data layers currently established
What NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP does
General New England Realty Associates Limited Partnership (“NERA” or the “Partnership”), a Massachusetts Limited Partnership, was formed on August 12, 1977 as the successor to five real estate limited partnerships (collectively, the “Colonial Partnerships”), which filed for protection under Chapter XII of the Federal Bankruptcy Act in September 1974. The bankruptcy proceedings were terminated in late 1984. In July 2004, the General Partner extended the termination date of the Partnership until 2057. The authorized capital of the Partnership is represented by three classes of partnership units (“Units”). There are two categories of limited partnership interests (“Class A Units” and “Class B Units”) and one category of general partnership interests (the “General Partnership Units”).
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