Financial Services >> CEO Interviews >> August 13, 2001

Harold Brown – New England Realty Associates Limited Partnership (newrz)

RONALD BROWN is the owner of R Brown Partners, Inc., a real estate property management company in Brookline, since 1985. Mr. Brown is the President of NewReal, Inc., General Partner of New England Realty Associates Limited Partnership, which is registered with the Security and Exchange Commission. He has been a consultant for The Hamilton Company since 1967, a major Boston-based real estate owner, manager and developer of residential and commercial property. Mr. Brown is a graduate of Northeastern University, BS Mechanical Engineering, 1958, MS Engineering Management, 1965. He is a member and former Director of the Greater Boston Real Estate Board; Director and Treasurer of the Brookline Greenspace Alliance, Director of the Brookline Music School, Brookline Symphony Orchestra, Ballet Theatre of Boston and a Founder of the Brookline High School 21st Century Fund; Director and former President and Chairman of the Board of the Brookline Chamber of Commerce; Corporate Trustee of the Trustees of Reservations of Massachusetts; President of the Brookline Property Owners Association 1981 to 1989; and was on the Boards of the Opera Company of Boston, the Boston Camerata (President), the Brookline Hospital, the Castle Hill Foundation and the Coolidge Corner Theatre Foundation. Profile
HAROLD BROWN is Chairman and Chief Executive Officer of New England Realty Associates. Mr. Brown converted his MIT degree in Engineering into a Senior Officer position at Walworth Value Co. of NY. He acquired his first six-unit apartment building in 1955 in Boston. As Chairman and sole stockholder of The Hamilton Company, Inc., Mr. Brown works with seven senior officers and 130 full-time Property Managers, brokers, accountants, architectural, maintenance and legal staff supporting the day-to-day activities of over 3,200 apartment units and 2,500,00 SF of commercial real estate. In addition to Mr. Brown's personal accomplishments, he has also successfully restructured New England Realty Associates, the only Massachusetts Limited Partnership actively traded on NASDAQ. Prior to taking on the responsibility of managing general partner in the mid-1970s, this company was insolvent. Today it enjoys over a 20-year history of dividend payments and profitability. Profile
TWST: Would you begin with a brief, historical sketch and an overview of

New England Realty Associates?

Mr. R. Brown: The unusual makeup of the ownership of this property was

due to that fact