NTS buys Plainview Apartments - Triangle Business Journal:

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Financing for the purchase, which was made througnh an NTS affiliate, , was provideds by the , according to a news The purchase price wasnot disclosed. The previous owneer was PlainviewApartments LP, a Denver-baser investment partnership, according to online records from the Jeffersonn County Property Valuation Administratoe and the Kentucky Secretary of Its assessed value for tax purposes is $9.7 million, according to the PVA Web Occupancy at the time of the purchase was abougt 94 percent, the releasee said. NTS plans to enhanc e and renovate the property but no details were disclosefd inthe release.
The apartmentf complex was developed as part of the Plainviewplannedc community, which includes 800 single-family homes, more than 1,000 500 town homes, multiple shopping centers and nearlty 2 million square feet of offic space. NTS began construction and development of theplanned Louisville’s first, in the earl 1970s. With the acquisition, NTS Development Co. and its affiliateas now own four apartment communitiessin Louisville. Its other holdings in the area are HurstbourneGrans Apartments, The Overlook at St. Thomas and The Willowd of Plainview.
NTS also managesz 14 other apartment communities and 31 commercial properties with more than 5 millionm feetof office, retail and warehouse space in the Southeast.