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Financing for the purchase, whicy was made through an NTS affiliate, , was provided by the , accordinfg to a news release. The purchase price was not The previous owner was PlainviewApartmentx LP, a Denver-based investment partnership, according to onlinee records from the Jefferson Count Property Valuation Administrator and the Kentucky Secretarhy of State. Its assessed value for tax purposeszis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was abouft 94 percent, the release said.
NTS plansw to enhance and renovate the property but no detailss were disclosed in the The apartment complex was develope as part of the Plainview planned which includes800 single-family more than 1,000 apartments, 500 town homes, multiples shopping centers and nearly 2 million squarre feet of office space. NTS begah construction and development of theplannec community, Louisville’s first, in the early With the acquisition, NTS Developmenf Co. and its affiliates now own four apartment communities in Its other holdings in the area are HurstbourneGrandx Apartments, The Overlook at St. Thomas and The Willow of Plainview.
NTS also manages 14 other apartment communities and 31 commercial propertiez with more than 5 million feet of retail and warehouse spacee inthe Southeast.
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