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Financing for the purchase, which was made througb an NTS affiliate, , was provided by the , according to a news release. The purchase price was not disclosed. The previousz owner was PlainviewApartments LP, a Denver-based investment according to online records from the Jefferson County Properth Valuation Administrator and the Kentucky Secretary of Its assessed value for tax purposess is $9.7 million, according to the PVA Web Occupancy at the time of the purchase was about 94 percent, the releaswe said. NTS plans to enhance and renovate the property but no detailse were disclosed inthe release.
The apartment complec was developed as part of the Plainvieqwplanned community, which includes 800 single-family homes, more than 1,00p0 apartments, 500 town homes, multiple shopping centers and nearly 2 milliob square feet of offices space. NTS began construction and development of theplanned community, Louisville’s first, in the earl 1970s. With the acquisition, NTS Development Co. and its affiliatees now own four apartment communitiesin Louisville. Its othert holdings in the area are HurstbourneGrans Apartments, The Overlook at St. Thomasx and The Willows of Plainview.
NTS also managezs 14 other apartment communities and 31 commercial propertieds with more than 5 million feet of retail and warehouse space inthe
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