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Home > Company Index > Real Estate > Property Investment & Management > New England Realty Associates Limited Partnership

New England Realty Associates Limited Partnership
Nasdaq (SC): NEWRZ
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 PROFILE
New England Realty Associates Limited Partnership owns apartment complexes, condos, and shopping centers, primarily in the Boston area. Properties include some 20 apartment complexes (more than 2,100 units), about 20 condominiums, and a few commercial properties located in Massachusetts, Connecticut, and New Hampshire. The product of five real estate partnerships that went bankrupt in the mid-1980s, New England Realty is owned and managed by general partner NewReal, Inc., which is owned by brothers Ronald and Harold Brown, New England Realty's president and treasurer, respectively. Harold Brown also owns The Hamilton Company, which manages the partnership's properties.

 COMPETITION
Berkshire Realty Holdings, L.P. (dossier)
Charles E. Smith Residential Realty, Inc. (SRW)
Urstadt Biddle Properties Inc. (UBP)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 28.80
1-Yr. Sales Growth: 36.5%
Employees: 70
Revenue per employee: $411,428.57

 KEY PEOPLE
• Ronald Brown
    CEO
• Harold Brown
    CFO

 CONTACT INFO
39 Brighton Ave.
Allston, MA 02134
US
Phone: 617-783-0039
Fax: 617-783-0568

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