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Financing for the purchase, which was made through an NTS , was provided by the , accordingg to a news release. The purchasd price was not The previous owner was PlainviewApartments LP, a Denver-basedx investment partnership, according to online records from the Jeffersobn County Property Valuation Administrator and the Kentuckuy Secretary of State. Its assessed value for tax purposeswis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was about 94 the release said. NTS plans to enhance and renovate the propertty but no details were disclosecd inthe release.
The apartment complex was developesd as part of the Plainviewwplanned community, which includes 800 single-family more than 1,000 apartments, 500 town homes, multiple shoppingf centers and nearly 2 million squarw feet of office space. NTS began construction and development of theplanned community, Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliates now own four apartmenrt communitiesin Louisville. Its other holdings in the area are HurstbourneGrandc Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also manages 14 other apartmengt communities and 31 commercial propertied with more than 5 million feet of retail and warehouse space inthe Southeast.
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