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Financing for the purchase, which was made througnh an NTS affiliate, , was provided by the , accordingb to a news release. The purchase price was not disclosed. The previous owner was PlainviewApartments LP, a Denver-based investmengt partnership, according to online records from the Jefferson County Propertt Valuation Administrator and the Kentucky Secretar of State. Its assessed value for tax purposesis $9.7 according to the PVA Web site. Occupancyh at the time of the purchasse was about94 percent, the releaser said. NTS plans to enhance and renovate the property but no details were disclosed inthe release.
The apartmentt complex was developed as part of the Plainviewplannedc community, which includes 800 single-family more than 1,000 apartments, 500 town multiple shopping centers and nearly 2 milliohn square feet of office NTS began construction and development of the planned Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliatexs now own four apartment communitiexin Louisville. Its other holdings in the area are HurstbournsGrand Apartments, The Overlook at St. Thomaw and The Willows of Plainview.
NTS also manages 14 othee apartment communities and 31 commercial propertieds with more than 5 million feet of retail and warehouse space inthe
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