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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2019
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | NOTE 17—SUBSEQUENT EVENTS From July 1, 2019 through August 5, 2019, the Partnership purchased a total of 1,660 Depository Receipts. The average price was $60.20 per receipt or $1,806.00 per unit. The total cost was $99,972. The Partnership is required to purchase 13 Class B units and 1 General Partnership units at a cost of $23,735 and $1,249 respectively. On August 5, 2019, Robert Somma and Sally Michael were appointed to the Board of Directors of NewReal, Inc. the General Partner of the Partnership. Mr. Somma has practiced law since 1977 and has served as a federal bankruptcy judge between 2005 and 2008. He has represented the Partnership and its’ affiliates since the early 1990’s, serving as a senior legal and business advisor. Ms. Michael has practiced law since 1987, with a focus on the representation of owners and developers on acquisitions, dispositions, financings, development and leasing of all classes of commercial property. She is the Managing Partner of the Boston law office of Saul Ewing Arnstein & Lehr.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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