Item 1.01 Entry Into a Material Definitive Agreement.

The information set forth in Item 2.03 of this Current Report on Form 8-K is hereby incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On June 16, 2022, New England Realty Associates Limited Partnership (the "Partnership"), entered into an amendment to a Master Credit Facility Agreement ( the "Facility Agreement") with Keybank National Association ("Keybank") which was dated as of November 30, 2021. The initial advance under the Amended Agreement is in the amount of $80,284,000, at a fixed interest rate of 4.33%. The Partnership's obligations under the Facility Agreement are secured by mortgages on certain properties pursuant to certain Mortgage, Assignment of Leases and Rents and Security Agreement and Fixture Filings ("Mortgages").

The Partnership used the proceeds to pay down approximately $37,065,000 of existing debt secured by 4 properties, along with approximately $910,000 in prepayment penalties. The remaining balance of approximately $42,309,000 will be used for general partnership purposes.

The description of the material terms and conditions of the Master Credit Facility Agreement and Mortgages are qualified by reference to the text of the respective documents, which are filed as Exhibits 10.1, 10.2, 10.2.1 and 10.2.2 respectively with this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.





(a)    Exhibits.

10.1 Reaffirmation, Joinder and First Amendment to the Master Credit Facility Agreement dated as of June 16, 2022, by and between Keybank National Association as the Lender, and New England Realty Associates Limited Partnership as the Borrower.

10.2 Multifamily Note, Mortgage, dated June 16, 2022 by and between New England Realty Associates Limited Partnership and Keybank National Association.

10.2.1 Assignment of Leases and Rents and Security Agreement and Fixture Filings dated June 16, 2022 by and between New England Realty Associates Limited Partnership and Keybank National Association.

10.2.2 Multifamily Note, Mortgage, Assignment of Leases and Rents and Security Agreement and Fixture Filings dated June 16, 2022 by and between New England Realty Associates Limited Partnership and Keybank National Association.

104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)





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