NTS Realty Holdings Limited Partnership Announces First Quarter Distribution
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LOUISVILLE, KY, Mar 14 (MARKET WIRE) -- (NYSE Amex: NLP) -- NTS Realty Holdings Limited Partnership (the "Company") announced today that the board of directors of its managing general partner, NTS Realty Capital, Inc., approved a quarterly distribution of $0.05 per unit on the Company's limited partnership units. The distribution will be paid on April 13, 2012 to limited partners of record at the close of business on March 30, 2012. Distributions to limited partners are made in accordance with the Company's distribution policy as described in its most recent annual report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2011. A spokesperson for the Company indicated that "The Company expects to continue its conservative philosophy with respect to distributions throughout 2012, and the amount of any future distributions will be subject to the performance of the Company's properties, its potential acquisitions and dispositions, the need for cash reserves, capital expenditures and other factors, including, but not limited to, the continued volatility being exhibited in the global financial markets and the U.S. economy. In addition, the actual amount and timing of all future distributions must be approved by the managing general partner's board of directors." The Company also announced today that its annual meeting of limited partners will be held on June 13, 2012 at The Overlook at St. Thomas Apartments Clubhouse, which is located at 6800 Steeprun Road, Louisville, Kentucky 40241. The meeting will commence at 10:30 a.m. (EDT). All limited partners of record as of April 16, 2012, will be invited to attend. More detailed information on the annual meeting will be included in the Company's definitive proxy statement. About NTS Realty Holdings Limited Partnership The Company currently owns, wholly, as a tenant in common with unaffiliated co-owners, or through joint venture investments with affiliated and unaffiliated third parties, twenty-three properties comprised of fifteen multifamily properties, six office buildings and business centers and two retail properties. The properties are located in and around Louisville and Lexington, Kentucky, Nashville and Cordova, Tennessee, Richmond, Virginia, Fort Lauderdale and Orlando, Florida, Indianapolis, Indiana and Atlanta, Georgia. The Company's limited partnership units are listed on the NYSE Amex platform under the trading symbol of "NLP." Forward Looking Statements This press release contains forward looking statements that can be identified by the use of words like "believe," "expect," "may," "could," "intend," "project," "estimate," or "anticipate." These forward looking statements, implicitly or explicitly, include assumptions underlying the statements and other information with respect to the Company's beliefs, plans, objectives, goals, expectations, estimates, intentions, financial condition, results of operations, future performance and business, including its expectation of, and estimates with respect to, revenues, expenses, earnings, return of and on equity, return on assets, asset quality and other financial data and performance ratios. Although the Company believes that the expectations reflected in its forward looking statements are reasonable, these statements involve risks and uncertainties which are subject to change based on various important factors, some of which are beyond the Company's control. Important factors that would cause actual results to differ materially from expectations are disclosed under "Risk Factors" and elsewhere in the Company's most recent annual report on Form 10-K, which was filed on March 31, 2011, and registration statement on Form S-4, which became effective on October 27, 2004. If one or more of the factors affecting forward looking information and statements proves incorrect, the Company's actual results of operations, financial condition or prospects could differ materially from those expressed in, or implied by, the forward looking information and statements contained in this press release. Contact: Gregory A. Wells Executive Vice President and CFO 10172 Linn Station Road Louisville, Kentucky 40223 (502) 426-4800 Copyright 2012, Market Wire, All rights reserved. -0-