X0304 4 2011-11-04 0 0001278384 NTS REALTY HOLDINGS LP NLP 0001328111 NICHOLS J D 10172 LINN STATION ROAD SUITE 200 LOUISVILLE KY 40223 1 0 1 0 Limited Partnership Units 2011-11-04 4 P 0 899 3.30 A 6830318 I 10b5-1 Plan for Kimberly Nichols Limited Partnership Units 2011-11-04 4 P 0 30 3.40 A 6830318 I 10b5-1 Plan for Kimberly Nichols These limited partnership units ("Units") of NTS Realty Holdings Limited Partnership were purchased pursuant to the terms of a pre-arranged trading plan that is intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "Act"). The Units were purchased on behalf of Kimberly Nichols, a daughter of the Reporting Person. The number of Units reported to be beneficially owned by the Reporting Person as of November 4, 2011 includes all the Units purchased on behalf of the Reporting Person and his immediate family, as well as by the entities controlled or established by the Reporting Person. These Units are owned directly by Kimberly Nichols, a daughter of the Reporting Person. J.D. Nichols 2011-11-04