On March 31, 2017, New England Realty Associates Limited Partnership will make its quarterly distribution to its Class A Limited Partners and holders of Depositary Receipts of record as of March 15, 2017.  The quarterly distribution per Class A Limited Partnership Unit will be $9.00 per Unit (an increase of $1.50 per Unit per quarter or $6.00 annually).  The quarterly distribution per Depositary Receipt will be $0.30 (an increase of $0.05 per Depositary Receipt per quarter or $0.20 annually).  Each Depositary Receipt represents a beneficial ownership of one-thirtieth of a Class A Partnership Unit.