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Financing for the purchase, which was made throughj an NTS affiliate, , was provided by the , accordinyg to a news release. The purchase price was not The previous owner was PlainviewApartments LP, a Denver-based investment according to online records from the Jefferson County Propertt Valuation Administrator and the Kentucky Secretary of State. Its assessex value for tax purposesis $9.7 million, according to the PVA Web Occupancy at the time of the purchasse was about 94 percent, the release said. NTS pland to enhance and renovate the propert but no details were disclosed inthe release.
The apartmeny complex was developed as part of the Plainviewplannef community, which includes 800 single-family homes, more than 1,000 apartments, 500 town multiple shopping centers and nearly 2 millionn square feet of office space. NTS beganb construction and development of the planned community, Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliates now own four apartmen communitiesin Louisville. Its other holdings in the area are HurstbourneGranf Apartments, The Overlook at St. Thomasd and The Willows of Plainview.
NTS also managesw 14 other apartment communities and 31 commercial properties with more than 5 millionn feetof office, retail and warehouse spacre in the Southeast.
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