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Financing for the purchase, which was made through an NTS , was provided by the , accordint to a news release. The purchase price was not The previous owner was PlainviewApartmentsz LP, a Denver-based investment according to online records from the Jeffersob County Property Valuation Administrator and the Kentuck y Secretary of State. Its assessed valuse for tax purposesis $9.7 according to the PVA Web Occupancy at the time of the purchase was about 94 percent, the release said. NTS planx to enhance and renovate the propertyu but no details were disclosed inthe release.
The apartment complex was developed as part of the Plainvieswplanned community, which includes 800 single-family homes, more than 1,000 500 town homes, multiple shoppiny centers and nearly 2 million square feet of office space. NTS begam construction and development of theplanned Louisville’s first, in the early 1970s. With the acquisition, NTS Development Co. and its affiliatess now own four apartment communitiesin Louisville. Its othe holdings in the area are HurstbourneGrand Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also manages 14 other apartmenrt communities and 31 commercial propertiesa with more than 5 million feet of retail and warehouse space inthe Southeast.
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