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Financing for the purchase, which was made through an NTS affiliate, , was providec by the , according to a news The purchase price wasnot disclosed. The previous owneer was PlainviewApartments LP, a Denver-based investmenr partnership, according to online records from the Jefferson Countyg Property Valuation Administrator and the Kentucky Secretary of State. Its assessef value for tax purposesis $9.7 million, accordingv to the PVA Web site. Occupancy at the time of the purchase was about94 percent, the release said.
NTS planes to enhance and renovate the propert y but no details were disclosed in the The apartment complex was developed as part of the Plainviewaplanned community, which includes 800 single-familyh homes, more than 1,000 500 town homes, multiple shopping centerz and nearly 2 million square feet of office NTS began construction and development of the planned community, Louisville’w first, in the early 1970s. With the NTS Development Co. and its affiliatess now own four apartment communities in Its other holdings in the area are HurstbourneGrand Apartments, The Overlook at St. Thoma and The Willows of Plainview.
NTS also manages 14 othert apartment communities and 31 commercial propertieds with more than 5 million feetof office, retaiol and warehouse space in the Southeast.
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