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.