Owns, develops, rents and sells residential apartments, condominium units and commercial properties to residential and commercial tenants in Massachusetts and New Hampshire.
10-K for FY2025, filed Mar 13, 2026The Partnership is engaged in the business of acquiring, developing, holding for investment, operating and selling real estate. The…View ↗
As of February 1, 2026, the Partnership and its Subsidiary Partnerships owned 3,411 residential apartment units in 27 residential and…View ↗
As of February 1, 2026, the Subsidiary Partnerships also owned two commercial shopping centers in Framingham, Massachusetts, commercial…View ↗
Residential and commercial tenants pay rent under leases; the Partnership receives rental income over the lease term, and tenants may also reimburse certain property costs.
10-K for FY2025, filed Mar 13, 2026Revenue Recognition: Rental income from residential and commercial properties is recognized over the term of the related lease. For…View ↗
$89.2M
10-K for FY2025, filed Mar 13, 2026
$89.2M ↗
Residential tenants rent apartments and condominium units, while commercial tenants rent shopping centers, office buildings and other commercial space.
10-K for FY2025, filed Mar 13, 2026As of February 1, 2026, the Partnership and its Subsidiary Partnerships owned 3,411 residential apartment units in 27 residential and…View ↗
As of February 1, 2026, the Subsidiary Partnerships also owned two commercial shopping centers in Framingham, Massachusetts, commercial…View ↗
The leasing of real estate in the metropolitan Boston area of Massachusetts is highly competitive. The Apartment Complexes, Condominium…View ↗
Yes. It kept 7 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 13, 2026
Growing. Revenue grew 42% in 4 years, from $62.6M in FY2021 to $89.2M in FY2025, about 9% a year.
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