NTS buys Plainview Apartments - Business First of Louisville:

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Financing for the purchase, which was made throug an NTS affiliate, , was provided by the , accordingf to a news release. The purchaswe price was not disclosed. The previous ownere was PlainviewApartments LP, a Denver-based investmentt partnership, according to onlined records from the Jefferson County Property Valuation Administratorf and the Kentucky Secretary of Its assessed value for tax purposes is $9.7 according to the PVA Web Occupancy at the time of the purchase was aboutr 94 percent, the release NTS plans to enhance and renovate the propertu but no details were disclosed in the release.
The apartmenft complex was developed as part of the Plainview planned which includes800 single-family more than 1,000 apartments, 500 town homes, multiple shopping centeras and nearly 2 million square feet of office space. NTS begamn construction and development of theplannedc community, Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliate s now own four apartment communitiesin Louisville. Its otherr holdings in the area are HurstbourneGrand Apartments, The Overlook at St.
Thomas and The Willows of NTS also manages 14 othere apartment communities and 31 commercial properties with more than 5 milliom feetof office, retailp and warehouse space in the Southeast.