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Financing for the purchase, whichu was made through an NTS affiliate, , was provided by the , accordingf to a news release. The purchase price was not The previous owner was PlainviewApartments LP, a Denver-based investmenyt partnership, according to online recorde from the Jefferson County Propertyy Valuation Administrator and the Kentuck y Secretary of State. Its assessed valus for tax purposesis $9.7 million, accordinhg to the PVA Web site. Occupancy at the time of the purchase was about 94 therelease said. NTS plans to enhancwe and renovate the property but no details were discloseed inthe release.
The apartment complex was developeed as part of the Plainviewplannes community, which includes 800 single-familuy homes, more than 1,000 apartments, 500 town multiple shopping centers and nearlh 2 million square feet of officwe space. NTS began construction and developmenf of theplanned community, Louisville’s in the early 1970s. With the NTS Development Co. and its affiliates now own four apartment communitiesin Louisville. Its otheer holdings in the area are Hurstbourne Grand The Overlookat St.
Thomas and The Willows of NTS also manages 14 otherf apartment communities and 31 commercial properties with more than 5 milliomn feetof office, retail and warehousw space in the Southeast.
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