New England Realty (NEN) President Ronald Brown Sells Units ($8.9K)

What Happened

• Ronald Brown, President and a director of New England Realty Associates Limited Partnership (NEN), reported dispositions on 2026-09-30: the partnership repurchased a total of 5.38 units (5.11 Class B Units and 0.27 General Partner Units) for a combined cash value of roughly $8,871. Each unit was priced at $1,648.91, yielding $8,426 for the 5.11 Class B Units and $445 for the 0.27 General Partner Units.
• This was a company repurchase (the partnership bought back the units), recorded on the Form 4 as "Other acquisition or disposition (J)" — effectively a sale/repurchase, not an open-market sale by the insider.

Key Details

• Transaction date: 2026-09-30.
• Price: $1,648.91 per unit; amounts: 5.11 units = $8,426; 0.27 units = $445; total ≈ $8,871.
• Shares/units owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: Repurchase occurred under the Partnership’s equity repurchase program (board-authorized; described in the Form 10‑K).
  • F2: The 0.27 General Partner Units reported reflect 75% of the securities held by the close‑held corporation that is the general partner, consistent with Brown’s 75% equity interest in that corporation.
  • F3: The $1,648.91 per-unit price corresponds to 30 times a Depositary Receipt repurchase price ($54.96 each), since each Depositary Receipt represents 1/30 of a Class A Unit.
• Timing/filing status: filing reflects the Sept 30 transaction date; no late-filing indication was provided.

Context

• This was a company-initiated repurchase of partnership interests (not an open-market sale by Brown). Such repurchases reduce the number of outstanding units but do not by themselves indicate personal trading intent.