NTS Realty Holdings Limited Partnership is engaged in the business of developing, constructing, owning and operating multifamily properties, commercial and retail real estate. As of Dec 31 2012, Co. owned wholly, as a tenant in common with an unaffiliated third party or through joint venture investments with both affiliated and unaffiliated third parties, 24 properties, comprised of seven commercial properties, 15 multifamily properties and two retail properties. The properties are located in and around Louisville and Lexington, KY; Fort Lauderdale and Orlando, FL; Indianapolis, IN; Memphis and Nashville, TN; Richmond, VA; and Atlanta, GA.