Chairman and CEO raise their offer for NTS Realty Holdings
NTS Realty Holdings LP said its chairman and chief executive have raised their offer to take the real estate company private — valuing it at about $81 million. The company rejected their prior proposal. Founder and chairman J.D. Nichols and CEO Brian F. Lavin are now offering $7.30 per limited-partnership unit, a 47 percent premium to NTS’s Tuesday closing price, Dow Jones reported.