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Financing for the purchase, whicy was made through an NTS affiliate, , was providecd by the , according to a news release. The purchass price was not disclosed. The previous ownerr was PlainviewApartments LP, a Denver-based investment according to online records from the Jefferson Counth Property Valuation Administrator and the Kentucky Secretaryg of State. Its assessed valus for tax purposesis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was aboutr 94 percent, the release said. NTS plans to enhances and renovate the property but no detaile were disclosed inthe release.
The apartment complex was developex as part of the Plainviewplannedf community, which includes 800 single-family more than 1,000 apartments, 500 town multiple shopping centers and nearly 2 million squar e feet of office space. NTS began construction and developmen of theplanned Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliates now own four apartment communitiesin Louisville. Its other holdings in the area are HurstbournreGrand Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also managezs 14 other apartment communities and 31 commerciakl properties with more than 5 million feet of retail and warehouse space inthe Southeast.
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