Item 1.01. Entry into a Material Definitive Agreement.

On April 10, 2009, NTS Realty Holdings Limited Partnership announced that it entered into a Purchase and Sale Agreement with 302 Sabal Park Place Longwood, LLC and 385 Golf Brook Circle Longwood, LLC, both Delaware limited liability companies, neither of which is affiliated with the Company (the "Sellers"), to purchase two multifamily properties located in Longwood, Florida (near Orlando, Florida), respectively known as Sabal Park Apartments ("Sabal Park") and Golf Brook Apartments ("Golf Brook"). A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated in its entirety in this Item 1.01 disclosure by reference.

Item 9.01. Financial Statements and Exhibits.
(a) Financial Statements of Businesses Acquired: N/A

(b) Pro Forma Financial Information: N/A

(c) Shell Company Transactions: N/A

(d) Exhibits:

99.1 Press release of NTS Realty Holdings Limited Partnership, dated April 10, 2009

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