Profile: NTS Realty Holdings LP (NLP)

NTS Realty Holdings Limited Partnership is engaged in the business of developing, constructing, owning and operating multifamily properties, commercial and retail real estate. The Company operates in three segments: multifamily, commercial and retail real estate operations. As of December 31, 2011, the Company had owned wholly, as a tenant in common with an unaffiliated third party or through joint venture investments with both affiliated and unaffiliated third parties, 23 properties, consisted of six commercial properties, 15 multifamily properties and two retail properties. The properties are located in and around Louisville (six) and Lexington (one), Kentucky; Fort Lauderdale (three) and Orlando (three), Florida; Indianapolis (four), Indiana; Memphis (one) and Nashville (two), Tennessee; Richmond (two), Virginia; and Atlanta (two), Georgia. The Company’s commercial properties aggregate approximately 607,000 square feet, and its retail properties contain approximately 47,000 square feet. The Company owns multifamily properties containing 4,391 units, which include 686 rental units at the Company’s properties held as a tenant in common with an unaffiliated third party. NTS Realty Capital, Inc. (NTS Realty Capital) and NTS Realty Partners, LLC serve as the Company’s general partners.

Commercial Properties

NTS Center, is an office complex with approximately 124,400 net rentable square feet in Louisville, Kentucky. As of December 31, 2011, there were nine tenants leasing office space aggregating approximately 108,700 square feet, including 15,700 square feet which was leased but unoccupied. NTS Center’s tenants are professional service entities, principally in real estate, secondary education, communications and information services. Two of these tenants individually lease more than 10% of the net rentable area at NTS Center. NTS Center was 87% occupied as of December 31, 2011. Clarke American is a business center with approximately 50,000 net rentable square feet in Louisville, Kentucky. As of December 31, 2011, one tenant was leasing all 50,000 square feet. The tenant is a professional service entity in the check printing industry. Clarke American was 100% occupied as of December 31, 2011.

Peachtree Corporate Center is a business park with approximately 198,100 net rentable square feet in Atlanta, Georgia. As of December 31, 2011, there were 37 tenants leasing space aggregating approximately 147,100 square feet. The tenants are professional service entities, principally in sales-related services. Peachtree Corporate Center was 74% occupied as of December 31, 2011.

Lakeshore Business Center Phase I is a business center with approximately 100,200 net rentable square feet in Fort Lauderdale, Florida. As of December 31, 2011, there were 19 tenants leasing space aggregating approximately 85,600 square feet. The tenants are professional service entities, principally in engineering, insurance and financial services, telecommunication and dental equipment suppliers. Three of these tenants individually lease more than 10% of the net rentable area at Lakeshore Business Center Phase I. Lakeshore Business Center Phase I was 85% occupied as of December 31, 2011.

Lakeshore Business Center Phase II is a business center with approximately 95,600 net rentable square feet in Fort Lauderdale, Florida. As of December 31, 2011, there were 14 tenants leasing space aggregating approximately 64,700 square feet. The tenants are governmental and professional service entities, principally in medical equipment sales, financial services and technology. Lakeshore Business Center Phase II was 68% occupied as of December 31, 2011. Lakeshore Business Center Phase III is a business center with approximately 38,900 net rentable square feet in Fort Lauderdale, Florida. As of December 31, 2011, there were four tenants leasing space aggregating all 38,900 square feet. The tenants are professional service entities, principally in insurance services, real estate development and engineering. Three of these tenants individually lease more than 10% of the net rentable area at Lakeshore Business Center Phase III. Lakeshore Business Center Phase III was 100% occupied as of December 31, 2011.

Multifamily Properties

Park Place Apartments is a 464-unit luxury apartment complex located on a 44.8-acre tract in Lexington, Kentucky. Park Place was 97% occupied as of December 31, 2011. The Willows of Plainview Apartments is a 310-unit luxury apartment complex located on two tracts of land totaling 19.1-acres in Louisville, Kentucky. The Willows of Plainview was 99% occupied as of December 31, 2011. Willow Lake Apartments is a 207-unit luxury apartment complex located on an 18-acre tract in Indianapolis, Indiana. Willow Lake was 97% occupied as of December 31, 2011. The Lakes Apartments is a 230-unit luxury apartment complex located on a 19.7-acre tract in Indianapolis, Indiana. The Lakes was 94% occupied as of December 31, 2011. The Grove at Richland Apartments is a 292-unit luxury apartment complex located on a 10.5-acre tract in Nashville, Tennessee. The Grove at Richland was 99% occupied as of December 31, 2011. The Grove at Whitworth Apartments is a 301-unit luxury apartment complex located on a 12.1-acre tract in Nashville, Tennessee. The Grove at Whitworth was 99% occupied as of December 31, 2011.

The Grove at Swift Creek Apartments is a 240-unit luxury apartment complex located on a 32.9-acre tract in Richmond, Virginia. The Grove at Swift Creek was 93% occupied as of December 31, 2011. Castle Creek Apartments is a 276-unit luxury apartment complex located on a 16-acre tract in Indianapolis, Indiana. Castle Creek was 93% occupied as of December 31, 2011. Lake Clearwater Apartments is a 216-unit luxury apartment complex located on a 10.6-acre tract in Indianapolis, Indiana. Lake Clearwater was 96% occupied as of December 31, 2011. Parks Edge Apartments is a 450-unit luxury apartment complex located on a 30.2-acre tract in Memphis, Tennessee. Parks Edge was 93% occupied as of December 31, 2011.

Retail Properties

Bed, Bath & Beyond is an approximately 35,000 square foot facility in Louisville, Kentucky. As of December 31, 2011, one tenant was leasing all 35,000 square feet. Bed, Bath & Beyond was 100% occupied as of December 31, 2011. Springs Station is a retail facility with approximately 12,000 net rentable square feet in Louisville, Kentucky. As of December 31, 2011, there were five tenants leasing space aggregating approximately 7,100 square feet. The tenants include retail and financial services. Springs Station was 59% occupied as of December 31, 2011.

Consolidated Joint Venture Properties

Golf Brook Apartments is a 195-unit luxury apartment complex located on a 19.2-acre tract in Orlando, Florida. Golf Brook was 96% occupied as of December 31, 2011. The Company owns 51% interest in this property. Sabal Park Apartments is a 162-unit luxury apartment complex located on a 14.3-acre tract in Orlando, Florida. Sabal Park was 97% occupied as of December 31, 2011. The Company owns 51% interest in this property. Lakes Edge Apartments is a 362-unit luxury apartment complex located on a 31.6-acre tract in Orlando, Florida. Lakes Edge was 89% occupied as of December 31, 2011. The Company owns 73.5% interest in this property.

Unconsolidated Joint Venture Properties

The Overlook at St. Thomas Apartments is a 484-unit luxury apartment complex located on a 24.9-acre tract in Louisville, Kentucky. The Overlook at St. Thomas was 98% occupied as of December 31, 2011. The Company owns 60% tenant in common interest in this property. Creek’s Edge at Stony Point Apartments is a 202-unit luxury apartment complex located on a 26.3-acre tract in Richmond, Virginia. Creek’s Edge at Stony Point was 93% occupied as of December 31, 2011. The Company owns 51% tenant in common interest in this property.