Attached files

file filename
EX-99.1 - EX-99.1 - NTS REALTY HOLDINGS LPa11-6737_1ex99d1.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

 

FORM 8-K/A

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  December 22, 2010

 

NTS REALTY HOLDINGS LIMITED PARTNERSHIP

(Exact name of registrant as specified in its charter)

 

Delaware
(State or other
jurisdiction of
incorporation)

 

001-32389
(Commission file
number)

 

41-2111139
(IRS Employer
Identification No.)

 

10172 Linn Station Road
Louisville, Kentucky 40223
(Address of principal executive offices)

 

(502) 426-4800
(Registrant’s telephone number, including area code)

 

N/A
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 9.01.  Financial Statements and Exhibits.

 

(a)

 

Financial Statements of Businesses Acquired: See Below

(b)

 

Pro Forma Financial Information: See Below

(c)

 

Shell Company Transactions: N/A

 

On December 22, 2010, Lakes Edge Apartments, LLC, a Delaware limited liability company wholly-owned by LE Central Holdings, LLC, a Delaware limited liability company and wholly-owned subsidiary of NTS Realty Holdings Limited Partnership (“NTS Realty”), acquired Plantation Lakes Apartments (the “Property”) located in Sanford, Florida.

 

NTS Realty intends to market the Property as “Lakes Edge Apartments” on a going forward basis.

 

On December 23, 2010, NTS Realty filed a Current Report on Form 8-K (the “Initial 8-K”) to report this acquisition.  NTS Realty is hereby amending the Initial 8-K by filing certain financial information relating to the Property (see Item 9.01 (d) below) as required by Rule 3-14 and Article II of Regulation S-X.  The information previously reported under Item 2.01 of the Initial 8-K is hereby incorporated by reference into this current report on Form 8-K/A.

 

Management of NTS Realty is not aware of any material factors related to the Property that would cause the reported financial information not to be necessarily indicative of future operating results.

 

(d)           Exhibits:

 

 

 

 

 

Page

 

99.1

(a)

Financial Statements of Real Estate Operations Acquired

 

 

 

 

Independent Accountants Report

F-1

 

 

 

Statements of Revenue in Excess of Certain Expenses of Lakes Edge for the year ended December 31, 2009 and the nine months ended September 30, 2010 (unaudited)

F-2

 

 

 

Notes to Statements of Revenue in Excess of Certain Expenses of Lakes Edge

F-3

 

 

 

 

 

 

 

(b)

Pro Forma Financial Information

 

 

 

 

Unaudited Pro Forma Consolidated Balance Sheet of NTS Realty Holdings Limited Partnership

F-6

 

 

 

Notes to the Unaudited Pro Forma Consolidated Balance Sheet

F-7

 

 

 

Unaudited Pro Forma Consolidated Statements of Operations of NTS Realty Holdings Limited Partnership

F-9

 

 

 

Notes to the Unaudited Pro Forma Consolidated Statements of Operations

F-11

 

2


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

NTS REALTY HOLDINGS LIMITED PARTNERSHIP

 

 

 

 

By:

NTS Realty Capital, Inc.

 

Its:

Managing General Partner

 

 

 

 

 

 

 

By:

/s/ Gregory A. Wells

 

Name:

Gregory A. Wells

 

Title:

Executive Vice President and CFO

 

Date:

February 25, 2011

 

3