New England Realty Associates Receives Notice of Noncompliance with NYSE Amex Continued Listing Standards

New England Realty Associates Limited Partnership

today announced that on September 9, 2011, it received a notification letter from the Corporate Compliance Department of the NYSE Amex Exchange indicating that as of June 30, 2011, the Partnership is not in compliance with the minimum stockholders' equity requirement for continued listing of the Partnership's Depositary Receipts on the NYSE Amex as set forth in Section 1003 of the NYSE Amex Company Guide, which requires the Partnership to have a minimum stockholders' equity of at least $2 million or net profits and profits from continuing operations in two out of the three most recent fiscal years.