NTS buys Plainview Apartments - Minneapolis / St. Paul Business Journal:

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Financing for the purchase, which was made througjh an NTS affiliate, , was provides by the , accordinfg to a news release. The purchass price was not disclosed. The previous owner was PlainviewqApartments LP, a Denver-based investment partnership, accordingy to online records from the Jefferson Countyt Property Valuation Administrator and the Kentuckty Secretary of State. Its assessed value for tax purposesxis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was about 94 percent, the release said. NTS plan to enhance and renovate the property but no detailxs were disclosed inthe release.
The apartmenr complex was developed as part of the Plainviewplanned community, which includesd 800 single-family homes, more than 1,000 500 town homes, multiple shoppinyg centers and nearly 2 million square feet of officw space. NTS began construction and development of theplanned Louisville’s first, in the early 1970s. With the acquisition, NTS Development Co. and its affiliates now own four apartment communities in Its other holdings in the area are Hurstbourne Grand The Overlookat St. Thomas and The Willowes of Plainview.
NTS also manages 14 otherd apartment communities and 31 commercial properties with more than 5 millio n feetof office, retail and warehouser space in the Southeast.