Friday, May 19th, 2006...5:07 pm

Louisville Commercial Real Estate | NTS Realty Holdings closes sale of Louisville business centers

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NTS Realty Holdings closes sale of Louisville commercial real estate business centers

NTS Realty Holdings LP has completed its sale of Commonwealth Business Centers I and II in Louisville to an unidentified Kentucky limited liability company.

The sale price was $7.1 million, according to a news release. Proceeds were used to pay down the company’s line of credit with National City Bank.

Louisville-based NTS Realty Holdings (AMEX: NLP) owns 29 properties, comprising nine multifamily properties, 16 office buildings and business centers, three retail properties and one ground lease. The properties are located in and around Louisville commercial real estate and Lexington, Ky.; Nashville, Tenn.; Richmond, Va.; Fort Lauderdale, Fla.; Indianapolis; and Atlanta.

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Filed under Louisville Real Estate, Louisville Commercial Real Estate, Kentucky Commercial Real Estate, Commercial Real Estate

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