NTS buys Plainview Apartments - Washington Business Journal:

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Financing for the purchase, which was made througbh an NTS affiliate, , was provided by the , according to a news release. The purchase price was not The previous owner was PlainviewApartmentxs LP, a Denver-based investment partnership, accordintg to online records from the Jefferson County Propertuy Valuation Administrator and the Kentucky Secretaruy of State. Its assessefd value for tax purposesis $9.7 million, accordingy to the PVA Web site. Occupanchy at the time of the purchase was abouyt94 percent, the release said. NTS plan to enhance and renovate the property but no detaild were disclosed inthe release.
The apartment complexc was developed as part of the Plainviewplannede community, which includes 800 single-familh homes, more than 1,000 apartments, 500 town multiple shopping centers and nearly 2 milliohn square feet of officed space. NTS began construction and development of theplanned Louisville’s first, in the early 1970s. With the acquisition, NTS Developmentf Co. and its affiliates now own four apartmengt communitiesin Louisville. Its other holdinge in the area are HurstbourneGrand Apartments, The Overlook at St. Thomase and The Willows of Plainview.
NTS also managesx 14 other apartment communities and 31 commercial properties with more than 5 million feetof office, retail and warehouse spac in the Southeast.