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NEW ENGLAND REALTY ASSOCIATES, LIMITED PARTNERSHIP ANNOUNCES EXTENSION OF ODD-LOT REPURCHASE

 BOSTON, June 18 /PRNewswire/ -- New England Realty Associates Limited Partnership (NASDAQ: NEWRZ) today announced that it intends to extend the offer to purchase from its holders of Depositary Receipts who, as of March 1, 1993, owned less than 100 Depositary Receipts. This extension is through August 2, 1993.
 The offer allows holders to sell all of their eligible Receipts without being charged any brokerage commission. However, those eligible holders must sell their entire position, they cannot sell only a partial position.
 New England Realty Associates will pay a price of $5.00 per Depositary Receipt. The company is seeking to reduce the administrative costs associated with servicing shareholder accounts.
 -0- 6/18/93
 /CONTACT: Judy Pruitt of New England Realty, 617-783-0039/
 (NEWRZ)


CO: New England Realty ST: Massachusetts IN: SU:

SJ -- NE08 -- 3629 06/18/93 14:22 EDT
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Publication:PR Newswire
Date:Jun 18, 1993
Words:139
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