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Financing for the purchase, which was made througn an NTS affiliate, , was provided by the , accordingy to a news release. The purchase price was not The previous owner was PlainvieewApartments LP, a Denver-based investment according to online records from the Jefferson County Property Valuation Administrator and the Kentucky Secretary of Its assessed value for tax purposea is $9.7 million, according to the PVA Web Occupancy at the time of the purchaser was about 94 percent, the release NTS plans to enhance and renovate the property but no detailsz were disclosed in the release.
The apartment complex was developed as part of the Plainvieaplanned community, which includes 800 single-family homes, more than 1,0009 apartments, 500 town homes, multiple shopping centers and nearlyu 2 million square feet of office space. NTS bega n construction and development of theplanned community, Louisville’sz first, in the earlyh 1970s. With the acquisition, NTS Developmenft Co. and its affiliates now own four apartmengt communitiesin Louisville. Its other holdings in the area are HurstbournewGrand Apartments, The Overlook at St. Thomasz and The Willows of Plainview.
NTS also managex 14 other apartment communitieds and 31 commercial properties with more than 5 million feet of retail and warehouse space inthe Southeast.
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