美國

證券交易委員會

華盛頓特區20549

表格8-K

本報告

依據“公約”第13或15(D)條

1934年度證券交易所

報告日期(報告最早事件的日期)2018(三月二十九日)

 

新英格蘭房地產聯營有限責任公司

(約章所指明的註冊主任的確切姓名)

 

 

登記人的電話號碼，包括區號 (617) 783‑0039

n/a

(前姓名或前地址，如自上次報告後更改)

如果表格8-K的目的是同時履行登記人在下列任何一項規定下的提交義務(見下文A.2.一般指示)，請檢查以下適當的方框：

根據“證券法”第425條(17 CFR 230.425)，☐書面通信

☐根據“交易法”第14a-12條(17 CFR 240.14a-12)招標材料

☐根據“交易法”規則14d-2(B)啟動前的通信(17 CFR 240.14d-2(B))

☐根據“交易法”規則13e-4(C)啟動前的通信(17 CFR 240.13e-4(C))

通過檢查標記表明註冊人是否是1933“證券法”規則405(本章第230.405節)或1934“證券交易法”第12b-2條(本章第240.12b-2節)所界定的新興成長型公司。

新興成長型公司☐

如果是一家新興成長型公司，請用支票標記表明註冊人是否選擇不使用延長的過渡期來遵守“外匯法”第13(A)條規定的任何新的或經修訂的財務會計準則。.  ☐

 

 

項目1.01締結一項重要的最終協定。

On March 29, 2018, Hamilton Highlands, LLC (the “Purchaser”),  a wholly-owned subsidiary of New England Realty Associates Limited Partnership (the “Partnership”), purchased Webster Green Apartments, a 79 unit apartment complex located at 755‑757 Highland Avenue, Needham, Massachusetts.  The sale was consummated pursuant to the terms of a Purchase and Sale Contract (the “Purchase Agreement”) by and between Webster Green Apartments, LLC (“Seller”), the prior owner of the Property, and The Hamilton Companies, Inc., an affiliate of the Partnership (“Hamilton”), which agreement was subsequently assigned by Hamilton to the Purchaser.  In connection with the purchase, the Purchaser entered into an Assumption and Modification Agreement dated as of  March 29, 2018 (the “Assumption Agreement”) with Brookline Bank (“Lender”) pursuant to which the Purchaser assumed a note dated as of January 14, 2016 in the principal amount of $21,500,000 (the “Note”) and various agreements relating to the Note including a Mortgage, Assignment of Leases and Rents, Security Agreement, Fixture Filing  dated as of January 14, 2016 (the “Mortgage”).  The Purchaser and the Lender entered into an Amended and Restated Note dated as of March 29, 2018 (the “Restated Note”).  The Partnership entered into a Limited Guaranty dated as of March 29, 2018 (the “Guaranty”) to guaranty certain of the obligations of the Purchaser with respect to the Note.  The information included in Items 2.01 and 2.03 of this report, which includes a description of the material terms and conditions of the Purchase Agreement, Note, Mortgage and Guaranty is incorporated by reference into this Item 1.01.  Such descriptions are qualified by reference to the text of the Purchase Agreement, Note, Pledge Agreement and Guaranty, which are filed as Exhibits 10.1, 10.2, 10.3 and 10.4 respectively with this Current Report on Form 8‑K.

項目2.01完成資產的購置或處置。

On March 29, 2018,  the Purchaser closed on the Purchase Agreement with the Seller pursuant to which the Purchaser acquired Webster Green Apartments, a 79 unit apartment complex located at 755‑757 Highland Avenue, Needham, Massachusetts (the “Property”), for a purchase price of $34,500,000, consisting of a payment of $13,000,000 in cash and the assumption of the Note and Mortgage.  The Purchaser funded $5,000,000 從現金儲備和剩餘的8，000，000美元現金部分中提取現有的信貸額度。合夥企業是買方的唯一成員。

第2.03項直接財務債務或根據註冊人的表外安排而產生的債務。

2018年月29日，買方與貸款人簽訂了“假定協議”和“恢復票據”，本金為21，500，000美元。The Note is collateralized by, among other things, a mortgage on the Property.   The Restated Note is payable on January 25, 2026 with a prepayment penalty of 2% if prepaid on or before January 15, 2025.  Until January 14, 2020, the Restated Note has a floating interest rate equal to a base rate of the LIBOR Rate plus an applicable margin of 1.95%.  After January 14, 2020，該債券的固定利率等於聯邦住房貸款銀行利率的基準利率加上適用的1.75%的保證金。在從2020年月15日開始的5年期間，聯邦住房貸款銀行的利率為5年利率。

隨後的1年期間，直到到期日的票據，聯邦住房貸款銀行的利率使用為1年利率。

根據擔保書，合夥公司保證償還根據“重新聲明”擁有的金額的25%、所有託收費用以及因某些特定違約事件而給貸款人造成的所有損失。這些義務與買方的義務是共同的，也是幾項義務。

根據項目9.01(A)(4)，合夥公司打算在向證券交易委員會提交本表格8-K報告之日起71天內提交所需財務報表，作為對本表格8-K的修正。

根據第9.01(B)(2)項，合夥公司打算在向證券交易委員會提交本表格8-K之日起71天內，將第9.01項(B)項所要求的財務資料作為對本表格8-K的修正。

 

簽名

根據1934“證券交易法”的要求，註冊人已正式安排由以下簽名人代表其簽署本報告。