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Financing for the purchase, which was made throughj an NTS affiliate, , was provided by the , according to a news The purchase price wasnot disclosed. The previoud owner was PlainviewApartments LP, a Denver-based investment according to online records from the Jeffersonm County Property Valuation Administrator and the Kentucky Secretarty of State. Its assessed value for tax purposesis $9.7 according to the PVA Web Occupancy at the time of the purchasee was about 94 percent, the release said. NTS plands to enhance and renovate the property but no details were disclosed inthe release.
The apartmentt complex was developed as part of the Plainview planned which includes800 single-family homes, more than 1,00o apartments, 500 town homes, multiple shopping centers and nearlt 2 million square feet of office space. NTS begaj construction and development of theplanned community, Louisville’s in the early 1970s. With the NTS Development Co. and its affiliates now own four apartmeny communitiesin Louisville. Its other holdings in the area are HurstbournrGrand Apartments, The Overlook at St. Thomase and The Willows of Plainview.
NTS also managees 14 other apartment communities and 31 commercia l properties with more than 5 millio feetof office, retail and warehouse space in the
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