New England Realty Associates Limited Partnership Overview
Pro stress-test →New England Realty Associates Limited Partnership is a real estate operator engaged in acquiring, developing, holding for investment, operating and selling residential apartments, condominium units and commercial properties located in Massachusetts and New Hampshire, with operations through about 31 subsidiary limited partnerships or limited liability companies. The Partnership owns approximately 2,943 residential apartment units in 27 residential and mixed-use complexes.
Strategic Profile
Pro stress-test →Incorporated in 1977 and headquartered in Allston, Massachusetts, the partnership maintains a concentrated regional focus on New England residential and mixed-use properties. In 2024, NEN's revenue was $81.81 million (up 8.57% year-over-year) with earnings of $15.66 million (up 85.26%), demonstrating operational improvement and strong earnings growth.
Competitive Landscape
Pro stress-test →NERA competes with regional apartment REITs and independent property operators focused on New England. Its main competitors include larger regional REITs and institutional property investors, though its small size (~$2.4B market cap as of April 2026) limits direct competition with mega-cap REITs. The lack of analyst coverage and lower trading volume distinguish it from mainstream REIT competitors.
Industry Context
New England Realty Associates Limited Partnership operates in Regional apartment REITs.
Key facts
Founded: 1977 · Headquarters: Allston, Massachusetts, US · Employees: N/A · Revenue: $81.81M (2024) · Market cap: $2.4B