NTS buys Plainview Apartments - Pittsburgh Business Times:

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Financing for the which was made through anNTS affiliate, , was provides by the , accordinf to a news release. The purchase pricer was not disclosed. The previous owner was PlainviewApartmentsw LP, a Denver-based investment partnership, according to onlins records from the Jefferson Countg Property Valuation Administrator and the Kentuckhy Secretary of State. Its assessecd value for tax purposesis $9.7 million, according to the PVA Web Occupancy at the time of the purchase was abou t 94 percent, the release said.
NTS plans to enhancer and renovate the property but no details were disclosed in the The apartment complex was developed as part of the Plainvieewplanned community, which includes 800 single-family homes, more than 1,000 500 town homes, multiple shopping centers and nearlt 2 million square feet of office space. NTS begam construction and development of theplanned community, Louisville’s in the early 1970s. With the NTS Development Co. and its affiliates now own four apartment communitiesin Louisville. Its other holdings in the area are HurstbournseGrand Apartments, The Overlook at St. Thomas and The Willowsx of Plainview.
NTS also manages 14 other apartmentg communities and 31 commercial properties with more than 5 milliomn feetof office, retail and warehouse spacd in the Southeast.