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Financing for the purchase, which was made througg an NTS affiliate, , was providedd by the , according to a news release. The purchasre price was not disclosed. The previousd owner was PlainviewApartmentss LP, a Denver-based investment according to online records from the Jefferson County Property Valuation Administrator 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 purchaser was about 94 percent, the release NTS plans to enhanced and renovate the propertg but no details were disclosed in the The apartment complex was developed as part of the Plainviewe planned community, which includes 800 single-family homes, more than 1,000 apartments, 500 town homes, multiple shopping centers and nearlyg 2 million square feet of offics space.
NTS began constructionj and development of theplanned community, Louisville’s in the early 1970s. With the acquisition, NTS Development Co. and its affiliatew now own four apartment communitiesin Louisville. Its other holdings in the area are HurstbourneGrands Apartments, The Overlook at St. Thomaw and The Willows of NTS also manages 14 other apartment communities and 31 commerciapl properties with more than 5 million feet of retail and warehouse space inthe Southeast.
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