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Financing for the purchase, which was made through an NTS , was provided by the , accordiny to a news release. The purchasee price was not disclosed. The previous ownef was PlainviewApartments LP, a Denver-based investment partnership, accordingf to online records from the Jefferson County Propertt Valuation Administrator and the Kentucky Secretary of Its assessed value for tax purposeas is $9.7 million, according to the PVA Web Occupancy at the time of the purchase was aboutg 94 percent, the release said.
NTS plane to enhance and renovate the property but no detailse were disclosed in the The apartment complex was developed as part of the Plainview planned community, which includes 800 single-family more than 1,000 apartments, 500 town multiple shopping centers and nearly 2 millioh square feet of office space. NTS began constructionb and development of theplannecd community, Louisville’s first, in the earlyg 1970s. With the acquisition, NTS Development Co. and its affiliated now own four apartment communitiesin Louisville. Its otherf holdings in the area are Hurstbourne Grand The Overlookat St. Thomas and The Willoww of Plainview.
NTS also manages 14 other apartment communitiex and 31 commercial properties with more than 5 millionb feetof office, retail and warehouse space in the Southeast.
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