New England Realty Associates Limited Partnership is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The Company, through 24 subsidiary limited partnerships or limited liability companies, owns and operates various residential apartment buildings, condominium units and commercial properties located in Massachusetts and New Hampshire. The Company owns between a 99.67% and 100% interest in each of the Subsidiary Partnerships, except in nine limited liability companies (Investment Properties or Joint Ventures) in which the Company has between a 40% and 50% ownership interest. On May 18, 2011, the Partnership sold Avon Street Apartments. On June 1, 2011, the Partnership purchased the Battle Green Apartments.