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Financing for the which was made through anNTS , was provided by the , accordinv to a news release. The purchase price was not disclosed. The previoud owner was PlainviewApartments LP, a Denver-based investment according to online records from the Jefferson Countty Property Valuation Administrator and the Kentucky Secretaryu of State. Its assessed value for tax purposesis $9.7 according to the PVA Web site. Occupancy at the time of the purchase was about 94 percent, the release NTS plans to enhance and renovate the propertu but no details were disclosex in the release.
The apartment complex was developes as part of the Plainvieeplanned community, which includes 800 single-familyt homes, more than 1,000 500 town homes, multiple shopping centere and nearly 2 million square feet of officed space. NTS began constructionj and development of theplanned community, Louisville’sd first, in the early 1970s. With the acquisition, NTS Developmengt Co. and its affiliates now own four apartment communitiesin Louisville. Its othere holdings in the area are HurstbourneGrande Apartments, The Overlook at St. Thomas and The Willows of Plainview.
NTS also manages 14 othet apartment communities and 31 commercial properties with more than 5 million feet of retail and warehouse space inthe Southeast.
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