Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Issuer Purchase of Equity Securities during the third quarter of 2025:
+Added: Issuer Purchase of Equity Securities during the first quarter of 2026:
Remaining number
5 unchanged sentences
Announced Plan
−Removed: July 1-31, 2025
−Removed: August 1-31, 2025
−Removed: September 1-30, 2025
+Added: January 1-31, 2026
+Added: February 1-28,2026
+Added: March 1-31, 2026
On August 20, 2007, NewReal, Inc., the General Partner authorized an equity repurchase program (“Repurchase Program”) under which the Partnership was permitted to purchase, over a period of twelve months, up to 300,000 Depositary Receipts (each of which is one-tenth of a Class A Unit).
−Removed: Over time, the General Partner has authorized increases in the equity repurchase program.
−Removed: On March 10, 2015, the General Partner authorized an increase in the Repurchase Program from 1,500,000 to 2,000,000 Depository Receipts and extended the Program for an additional five years from March 31, 2015 until March 31, 2020.
−Removed: On March 9, 2020, the General Partner extended the program for an additional five years from March 31, 2020 to March 31, 2025.
−Removed: The Repurchase Program requires the Partnership to repurchase a proportionate number of Class B Units and General Partner Units in connection with any repurchases of any Depositary Receipts by the Partnership based upon the 80%, 19% and 1% fixed distribution percentages of the holders of the Class A, Class B and General Partner Units under the Partnership’s Second Amended and Restated Contract of Limited Partnership.
+Added: Over time, the General Partner has authorized increases in the equity repurchase program.The Repurchase Program requires the Partnership to repurchase a proportionate number of Class B Units and General Partner Units in connection with any repurchases of any Depositary Receipts by the Partnership based upon the 80%, 19% and 1% fixed distribution percentages of the holders of the Class A, Class B and General Partner Units under the Partnership’s Second Amended and Restated Contract of Limited Partnership.
Repurchases of Depositary Receipts or Partnership Units pursuant to the Repurchase Program may be made by the Partnership from time to time in its sole discretion in open market transactions or in privately negotiated transactions.
3 unchanged sentences
The Repurchase Plan shall be made in accordance with the terms of Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and shall be made in accordance with all applicable laws and regulations in effect from time to time.
−Removed: From August 20, 2007 through September 30, 2025, the Partnership has repurchased 1,554,701 Depositary Receipts at an average price of $33.09 per receipt (or $992.70 per underlying Class A Unit), 4,572 Class B Units and 241 General Partnership Units, both at an average price of $1,296 per Unit, totaling approximately $56.503,000 including brokerage fees paid by the Partnership .
−Removed: During the nine months ended September 30, 2025, the Partnership purchased a total of 4,343 Depositary Receipts.
+Added: On March 11, 2026, the General Partner authorized the President and Treasurer to renew the Repurchase Plan for one year.
+Added: From August 20, 2007 through March 31, 2026, the Partnership has repurchased 1,561,062 Depositary Receipts at an average price of $32.09 per receipt (or $962.70) per underlying Class A Unit), 4,622 Class B Units and 243 General Partnership Units, both at an average price of $1,304 per Unit, totaling approximately $57,045,000 including brokerage fees paid by the Partnership .
+Added: During the three months ended March 31, 2026, the Partnership purchased a total of 1,653 Depositary Receipts.
The average price was $65.03 per receipt, or $1,951 per unit.
−Removed: The cost including commission was approximately $330,666.
+Added: The cost including commissions was approximately $107,000.
The Partnership was required to repurchase 13.1 Class B Units and 0.7 General Partnership units at a cost of $25,374 and $1,335 respectively
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.