Triangle apartment community sold to Louisville's NTS for $39M

Triangle apartment community sold to Louisville's NTS for $39M - Triangle Business Journal:

Highlights:
Property: Courtney Estates, 300 unit garden style apartments
Location: near RTP, I40 and I540 interchange
Buyer: NTS Realty Holdings
Seller: Courtney Estates Holdings, LLC
Price: $39M or $130K per unit
Closing: expected on 26 Oct 08

Note:
Louisville-based NTS owns 12 multifamily properties, seven office buildings and business centers and three retail properties in Indiana, Kentucky, Florida, Georgia, Tennessee, Virginia and North Carolina.