| Business Summary | | New
England
Realty
Associates
Limited
Partnership
is
engaged
in
the
business
of
acquiring,
developing,
holding
for
investment,
operating
and
selling
real
estate.
The
Partnership,
directly
or
through
22
subsidiary
limited
partnerships,
owns
and
operates
various
residential
apartment
buildings,
condominium
units
and
commercial
properties
located
in
Massachusetts,
Connecticut
and
New
Hampshire.
The
Partnership
owns
a
99.67%
to
100%
interest
in
each
of
the
22
subsidiary
partnerships. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | New
England
Realty
Associates
Limited
Partnership
acquires,
develops,
holds
for
investment,
operates,
and
sells
residential
and
commercial
properties
in
MA,
CT,
NH
and
ME.
For
the
six
months
ended
6/30/01,
revenues
increased
4%
to
$13.5
million.
Net
income
rose
14%
to
$3.1
million.
Revenues
reflect
increased
rental
income
due
to
the
acquisition
of
a
residential
apartment
complex.
Earnings
also
benefited
from
lower
depreciation
and
property
tax
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Ronald Brown, 65 | Pres,
Clerk | Harold Brown, 76 | Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|