New England Realty Associates LP Acquires Hill Estates in Belmont, MA for $175 Million

Reuters

06-26

<a href="https://laohu8.com/S/NEN">New England Realty Associates LP</a> Acquires Hill Estates in Belmont, MA for $175 Million

New England Realty Associates LP, through The Hamilton Company, has announced the acquisition of the Hill Estates property in Belmont, MA for $175 million. This transaction, which closed on June 18, involves a 396-unit residential community along with two nearby office properties. The Hill Estates, located in Belmont's easternmost neighborhood, was purchased from the DiGiovanni Family. The Hamilton Company plans to operate on-site management and provide a range of online tenant services. While the residential units will undergo significant renovations, the office properties are slated for sale, as they do not align with the company's core business model. This acquisition expands The Hamilton Company's portfolio to nearly 6,000 residential units in Greater Boston.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New England Realty Associates LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-062493), on June 25, 2025, and is solely responsible for the information contained therein.

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This transaction, which closed on June 18, involves a 396-unit residential community along with two nearby office properties. The Hill Estates, located in Belmont's easternmost neighborhood, was purchased from the DiGiovanni Family. The Hamilton Company plans to operate on-site management and provide a range of online tenant services. While the residential units will undergo significant renovations, the office properties are slated for sale, as they do not align with the company's core business model. This acquisition expands The Hamilton Company's portfolio to nearly 6,000 residential units in Greater Boston.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New England Realty Associates LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-062493), on June 25, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NEN","symbol_name":"New England Realty Associates LP","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250625:nNDLblJpBc:1","article_id":"2546247581","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2546247581","pubTimestamp":1750869254,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"New England Realty Associates LP, through The Hamilton Company, has announced the acquisition of the Hill Estates property in Belmont, MA for $175 million. 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The Hamilton Company plans to operate on-site management and provide a range of online tenant services. While the residential units will undergo significant renovations, the office properties are slated for sale, as they do not align with the company's core business model. This acquisition expands The Hamilton Company's portfolio to nearly 6,000 residential units in Greater Boston.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New England Realty Associates LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. 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