NTS buys Plainview Apartments - Phoenix Business Journal:

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Financing for the purchase, whicnh was made through an NTS , was provided by the , accordingv to a news release. The purchase price was not The previous owner was PlainviewApartments LP, a Denver-baseds investment partnership, according to onlinew records from the Jefferson County Propertyt Valuation Administrator and the Kentucky Secretargy of State. Its assessed valus for tax purposesis $9.7 million, accordinb to the PVA Web site. Occupancy at the time of the purchasew was about 94 therelease said. NTS plans to enhance and renovats the property but no detaile were disclosed inthe release.
The apartment comples was developed as part of the Plainvieplanned community, which includes 800 single-family homes, more than 1,000 500 town homes, multiple shopping centers and nearlu 2 million square feet of office space. NTS begann construction and development of theplanned Louisville’s first, in the early With the acquisition, NTS Developmenyt Co. and its affiliates now own four apartmentr communitiesin Louisville. Its other holdinga in the area are HurstbournesGrand Apartments, The Overlook at St. Thomas and The Willowsx of Plainview.
NTS also manages 14 othere apartment communities and 31 commercial properties with more than 5 millionb feetof office, retail and warehouse spaced in the Southeast.