LOUISVILLE, Ky., Feb. 25, 2014 (GLOBE NEWSWIRE) -- (NYSE MKT:NLP) – NTS Realty Holdings Limited Partnership (the "Company", "we", "us" or "our") announced today that on February 25, 2014, the Company and NTS Realty Capital, Inc., our managing general partner ("Realty Capital"), entered into an Agreement and Plan of Merger (the "Merger Agreement") with NTS Merger Parent, LLC ("Parent"), an entity controlled by our founder and Chairman, J.D. Nichols, and our President and Chief Executive Officer, Brian F. Lavin, and NTS Merger Sub, LLC ("Merger Sub", and together with Mr. Nichols, Mr. Lavin, Parent and certain of their respective affiliates, the "Purchasers"), a wholly-owned subsidiary of Parent. Upon consummation of the transactions proposed in the Merger Agreement, Merger Sub will merge with and into the Company and the Company will continue as the surviving entity (the "Merger").
NTS Realty Holdings Limited Partnership Announces Execution Of "Going Private" Merger Agreement
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