NTS Realty Holdings names committee to review going private proposal

theflyonthewall.com

NTS Realty Holdings Limited Partnership announced that the special committee of the board of directors of the company's managing general partner, NTS Realty Capital, has retained Centerboard Securities as its financial advisor and previously retained Stites & Harbison as its legal counsel to assist in its review of the non-binding proposal from the company's founder and chairman, J.D. Nichols, and its CEO, Brian Lavin, for a going private transaction and, if the special committee deems it appropriate, to assist it in considering any potential alternative transaction. The company previously announced receipt of the proposal on August 31.

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