NTS buys Plainview Apartments - Atlanta Business Chronicle:

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Financing for the purchase, which was made through an NTS , was provided by the , according to a news The purchase price wasnot disclosed. The previou s owner was PlainviewApartments LP, a Denver-base d investment partnership, according to online records from the Jefferson County Propertyy Valuation Administrator and the Kentucky Secretary of State. Its assessed value for tax purposesis $9.7 million, accordingf to the PVA Web site. Occupancy at the time of the purchased was about 94 therelease said.
NTS plans to enhance and renovate the propertg but no details were disclosed in the The apartment complex was developed as part of the Plainviewsplanned community, which includes 800 single-familyg homes, more than 1,000 apartments, 500 town homes, multiple shoppinb centers and nearly 2 million square feet of officr space. NTS began construction and development of theplanned community, Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliated now own four apartment communities in Its other holdings in the area are Hurstbourne Grand The Overlookat St. Thomas and The Willowx of Plainview.
NTS also manages 14 otherd apartment communities and 31 commercial properties with more than 5 million feetof office, retail and warehouse space in the Southeast.