New England Realty Associates (NEN)

• Sector: Real Estate
• Industry: Operators of Apartment Buildings

Market Cap: $284M

About: New England Realty Associates LP is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The Partnership owns and operates various residential apartments, condominium units and commercial properties located in Massachusetts and New Hampshire. The company generates revenue from rental income from residential and commercial properties recognized over the term of the related lease. The long-term goals of the Partnership are to manage, rent and improve its properties and to acquire additional properties with income and capital appreciation potential as suitable opportunities arise.

Employees: 45

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

7% more funds holding

Funds holding: 14 [Q1] → 15 (+1) [Q2]

0.33% less ownership

Funds ownership: 3.41% [Q1] → 3.09% (-0.33%) [Q2]

12% less capital invested

Capital invested by funds: $7.01M [Q1] → $6.16M (-$852K) [Q2]

83% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 6