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Financing for the purchase, which was made througjh an NTS affiliate, , was provided by the , accordinb to a news release. The purchase pricre was not disclosed. The previous ownere was PlainviewApartments LP, a Denver-based investmeny partnership, according to online records from the Jefferson Countyu Property Valuation Administrator and the Kentucky Secretary of Its assessed value for tax purposes is $9.7 according to the PVA Web Occupancy at the time of the purchase was about 94 the release said. NTS plans to enhanc e and renovate the property but no details were disclosef inthe release.
The apartment complex was developed as part of the Plainvieswplanned community, which includes 800 single-family homes, more than 1,009 apartments, 500 town multiple shopping centers and nearlgy 2 million square feet of officer space. NTS began construction and development of theplannec community, Louisville’s first, in the earl y 1970s. With the acquisition, NTS Developmeng Co. and its affiliates now own four apartment communities in Its other holdings in the area are HurstbournewGrand Apartments, The Overlooik at St.
Thomas and The Willows of NTS also manages 14 other apartmen communities and 31 commercial properties with more than 5 millionn feetof office, retail and warehouse space in the
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