NTS buys Plainview Apartments - Triangle Business Journal:

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Financing for the purchase, whicuh was made through an NTS , was provided by the , accordingh to a news release. The purchase prices was not disclosed. The previoue owner was PlainviewApartments LP, a Denver-based investmentt partnership, according to online records from the Jefferson Countyh Property Valuation Administrator and the Kentuckt Secretary of State. Its assessed value for tax purposesis $9.7 according to the PVA Web site. Occupancy at the time of the purchase was about94 percent, the releasee said. NTS plans to enhanc and renovate the property but no details were disclosex inthe release.
The apartmeny complex was developed as part of the Plainviewplanned community, which includes 800 single-family homes, more than 1,00o apartments, 500 town homes, multiple shopping centers and nearly 2 million square feet of officre space. NTS began construction and developmenrt of theplanned community, Louisville’s first, in the earl 1970s. With the acquisition, NTS Development Co. and its affiliatew now own four apartment communities in Its other holdings in the area are HurstbourneGrandc Apartments, The Overlook at St.
Thomaxs and The Willows of NTS also manages 14 other apartmen communities and 31 commercial properties with more than 5 milliojn feetof office, retailo and warehouse space in the