NTS Realty Holdings Limited Partnership announced that the board of directors of its managing general partner, NTS Realty Capital Inc., approved a first quarter distribution of $0.05 per unit on the company's limited partnership units. The distribution will be paid on April 12, 2013 to limited partners of record at the close of business on March 28, 2013.

On February 15, 2013, NTS Realty Holdings LP announced that the company received notice that a putative class action lawsuit was filed on February 15, 2013 in the Court of Chancery of the State of Delaware against the company, each of the members of the board of directors of NTS Realty Capital Inc., the company’s managing general partner, NTS Merger Parent, LLC, NTS Merger Sub, LLC and Realty Capital, alleging, among other things, that the board of directors breached their fiduciary duties to the unit holders of the company in connection with the board’s approval of the merger between Merger Sub and the company.  The complaint seeks, among other things, to enjoin the defendants from completing the Merger as currently contemplated.

NTS Realty Holdings LP announced that the company received notice that a putative class action lawsuit was filed in the Jefferson County Circuit Court of the Commonwealth of Kentucky against the company, each of the members of the board of directors of the company's managing general partner, N NTS Realty Capital, Inc., NTS Realty Partners, LLC, Realty Capital, NTS Merger Parent, LLC and NTS Merger Sub alleging, among other things, that the board of directors breached their fiduciary duties to the unit holders of the company in connection with the board's approval of the merger between Merger Sub and NTS Realty Holdings LP. The complaint seeks, among other things, to enjoin the defendants from completing the merger as currently contemplated.