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Financing for the purchase, whichb was made through an NTS affiliate, , was providedd by the , according to a news release. The purchaser price was not disclosed. The previoux owner was PlainviewApartmentsz LP, a Denver-based investment partnership, according to online records from the Jeffersobn County Property Valuation Administrator and the Kentuckyt Secretary of State. Its assesse d value for tax purposesis $9.7 million, accordinbg to the PVA Web site. Occupancy at the time of the purchased was about94 percent, the releaser said.
NTS plans to enhance and renovate the property but no details were disclosed in the The apartment complex was developed as part of the Plainviewplanned community, which includes 800 single-family homes, more than 1,009 apartments, 500 town homes, multiple shopping centersa and nearly 2 million square feet of offics space. NTS began construction and development of theplanned community, Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliatesz now own four apartment communitiesin Louisville. Its other holdingds in the area are HurstbourneGrandr Apartments, The Overlook at St. Thomaz and The Willows of Plainview.
NTS also managews 14 other apartment communities and 31 commercial properties with more than 5 millionn feetof office, retail and warehouss space in the Southeast.
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