AMEX, NEN - New England Realty Associates Ltd Partnershi
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, as allowed in the Partnership
Agreement.
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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