SOURCE: MacKenzie Patterson Fuller, LP

February 02, 2007 17:35 ET

MacKenzie Patterson Fuller, LP Announces a Tender Offer for NTS Realty Holdings LP (NASDAQ: NLP) at $7.50 per Unit

MORAGA, CA -- (MARKET WIRE) -- February 2, 2007 --MPF-NY 2006, LLC, MPF Badger Acquisition Co, LLC, MPF DeWaay Fund 3, LLC, MPF Flagship Fund 12, LLC, MP Value Fund 5, LLC, MP Value Fund 7, LLC, MPF Blue Ridge Fund I, LLC, MPF Blueridge Fund II, LLC, MacKenzie Patterson Special Fund 5, LLC, MPF Acquisition Co. 3, LLC, and MacKenzie Patterson Fuller, LP (the "Purchasers") are offering to purchase up to 157,613, or approximately 1.38%, of the outstanding Limited Partnership units (the "Units") of NTS Realty Holdings LP (NASDAQ: NLP) (the "Partnership"), for $7.50 per Unit (the "Purchase Price"), net to the seller in cash which amount will be reduced by any cash distributions made to you by the Partnership after January 17, 2006, pursuant to a letter mailed to unitholders February 1, 2007. The expiration date is March 5, 2007. The Units will be purchased on a first-come, first-buy basis. Tendering Units pursuant to this offer is irrevocable and can only be rescinded by the Purchasers should the operations of the Partnership have a material adverse change during the course of the offering period.

Unitholders should read the Offer to Purchase and the related materials carefully because they contain important information. Unitholders will be able to obtain a free copy of the Offer to Purchase and the Assignment Form at our website at (click on MPF Tenders), or by calling toll free at 800-854-8357.

Contact Information

  • Contact:
    Christine Simpson
    800-854-8357 x.224
    MacKenzie Patterson Fuller, LP
    1640 School Street, Suite 100
    Moraga, California 94556