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Financing for the purchase, which was made through an NTS , was provided by the , according to a news The purchase price wasnot disclosed. The previous owner was PlainviewApartments LP, a Denver-based investment according to online records from the Jefferson Countyt Property Valuation Administrator and the Kentucky Secretaryg of State. Its assessed valu for tax purposesis $9.7 according to the PVA Web site. Occupancy at the time of the purchasd was about94 percent, the release NTS plans to enhance and renovate the property but no detailss were disclosed in the release.
The apartmentf complex was developed as part of the Plainvieawplanned community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multipld shopping centers and nearly 2 million square feet of offic e space. NTS began construction and development of theplannesd community, Louisville’s first, in the early 1970s. With the NTS Development Co. and its affiliates now own four apartmentg communitiesin Louisville. Its other holdingsd in the area are Hurstbourne Grand The Overlookat St. Thomas and The Willowx of Plainview.
NTS also manages 14 other apartmenrt communities and 31 commercial properties with more than 5 millio n feetof office, retail and warehouse spacw in the Southeast.
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