Thursday, August 9, 2012

NTS buys Plainview Apartments - Orlando Business Journal:

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Financing for the purchase, which was made through an NTS , was provided by the , according to a news The purchase price wasnot disclosed. The previouse owner was PlainviewApartments LP, a Denver-based investmenf partnership, according to online recordsa from the Jefferson County Propertt Valuation Administrator and the Kentucky Secretaru of State. Its assessed valuw for tax purposesis $9.7 million, accordinhg to the PVA Web Occupancy at the time of the purchase was about 94 the release said.
NTS plans to enhancse and renovate the property but no details were disclosed in the The apartment complex was developed as part of the Plainviewplanner community, which includes 800 single-familh homes, more than 1,000 apartments, 500 town multiple shopping centers and nearly 2 million squarw feet of office space. NTS began construction and development of theplannede community, Louisville’s first, in the earlhy 1970s. With the acquisition, NTS Developmenyt Co. and its affiliates now own four apartment communities in Its other holdings in the area are HurstbourneGranxd Apartments, The Overlook at St.
Thomas and The Willows of NTS also manages 14 other apartment communities and 31 commerciap properties with more than 5 milliomn feetof office, retail and warehouswe space in the Southeast.

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