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Financing for the purchase, which was made through an NTS affiliate, , was provided by the , accordinhg to a news release. The purchase pricde was not disclosed. The previous ownert was PlainviewApartments LP, a Denver-based investment according to online records from the Jefferson Countu Property Valuation Administrator and the Kentucky Secretargy of State. Its assessed value for tax purposesdis $9.7 million, according to the PVA Web site. Occupancyg at the time of the purchase was abouty94 percent, the release said. NTS plans to enhance and renovate the property but no detaile were disclosed inthe release.
The apartmenft complex was developed as part of the Plainviewplannedx community, which includes 800 single-family homes, more than 1,000 500 town homes, multiple shopping centersz and nearly 2 million square feet of office space. NTS began constructiohn and development of theplanned Louisville’s first, in the early With the acquisition, NTS Development Co. and its affiliates now own four apartmenyt communitiesin Louisville. Its othe holdings in the area are Hurstbourne Grand The Overlookat St. Thomas and The Willowds of Plainview.
NTS also manages 14 other apartment communitiez and 31 commercial properties with more than 5 milliob feetof office, retail and warehouse space in the
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