Brown Jameson Pruitt 4

What Happened Brown Jameson Pruitt, a 10% owner of New England Realty Associates Limited Partnership (NEN), disposed of partnership interests on 2026-03-31 under the Partnership’s equity repurchase program. The filing reports the repurchase of 9.8 Class B Units of Limited Partnership Interest for $1,938.96 each (≈ $19,002) and 0.26 Units of General Partner Interest for $1,938.96 each (≈ $504), for aggregate proceeds of about $19,506. This was a sale (repurchase by the partnership), not a new purchase.

Key Details

• Transaction date: 2026-03-31; filing date: 2026-04-02 (filed timely).
• Prices: $1,938.96 per unit; totals reported as $19,002 (9.8 Class B Units) and $504 (0.26 GP Units); combined ≈ $19,506.
• Securities sold: 9.8 Class B Units (directly beneficially owned) and 0.26 Units of General Partner Interest (indirectly beneficially owned).
• Shares owned after transaction: Not specified on the Form 4; reported amounts for GP units reflect the reporting person’s 37.5% interest in the close‑held corporation that is the general partner (see footnote).
• Footnotes of note:
  • F1: Sale occurred pursuant to the Partnership’s repurchase program (board‑renewed Mar 9, 2020).
  • F2: GP unit amounts reflect 37.5% of securities owned by the close‑held corporation based on the reporting person’s 37.5% equity interest.
  • F3: The GP unit price was tied to a $64.63 purchase price of related Depositary Receipts (each representing 1/30 of a Class A Unit) repurchased contemporaneously.
• Transaction code: “J” (other acquisition/disposition) — here, a repurchase by the partnership.

Context

• This was a sale back to the partnership under its repurchase program (routine corporate repurchase), not an open‑market sale or an exercise of options.
• The reporting person is a 10% owner; the filing includes indirect holdings via a close‑held corporation (common for limited partnership structures).