New England Investment Partners, officially known as New England Realty Associates Limited Partnership (NERA), along with its 31 subsidiary partnerships, is a significant player in the New England real estate market. Based in Allston, Massachusetts, this partnership focuses on acquiring, developing, operating, and selling both residential and commercial properties. A key question for investors and those interested in the company is: How Many Apartment Units Does New England Investment Partners Own?
As of the latest information, New England Investment Partners and its subsidiary partnerships boast a portfolio that includes 2,943 apartment units. Alongside this substantial residential holding, the partnership also manages approximately 130,000 square feet of commercial space. This dual focus on residential and commercial properties highlights their diversified investment strategy within the New England region.
NERA is structured with NewReal, Inc. as its General Partner, which is entirely owned by Jameson Brown, Harley Brown, and Ronald Brown. The day-to-day management of the partnership’s extensive property portfolio is handled by The Hamilton Company, Inc., also wholly owned by Jameson Brown and Harley Brown. This close-knit ownership and management structure ensures a consistent and long-term approach to property investment and operation.
The partnership’s investment philosophy centers on long-term value creation. NERA aims to enhance its properties through diligent management and improvements, seeking both income generation and capital appreciation. They strategically acquire properties that align with these goals and are open to selling or refinancing assets when opportune, reinvesting the proceeds to further expand their portfolio or distribute to partners. Notably, New England Realty Associates Limited Partnership has a track record of consistent and increasing dividends for over three decades, demonstrating financial stability and commitment to its investors.
For those interested in the public trading aspect, New England Realty Associates Limited Partnership has made certain partnership interests publicly available. While Class B and General Partnership Units remain privately held, Class A Partnership Units are traded on the NYSE Amex Exchange (AMEX®) under the symbol NEN as Depositary Receipts (Receipts), each representing one-thirtieth of a Class A Unit. This provides a level of liquidity and accessibility for investors interested in gaining exposure to New England Investment Partners’ real estate holdings.
For investors or stakeholders seeking detailed financial information, New England Realty Associates Limited Partnership provides transparency through publicly available reports. Shareholders can request copies of annual reports (Form 10-K), quarterly reports (Form 10-Q), and current reports (Form 8-K) by contacting their Investor Relations department. This commitment to open communication underscores their responsibility to investors and the broader market.
In conclusion, New England Investment Partners owns a significant portfolio of 2,943 apartment units in addition to substantial commercial space, making them a major real estate entity in the New England area. Their long-term investment strategy, experienced management, and public trading options present a noteworthy profile for those observing the real estate investment landscape.
