Prospect Capital REIT buys Tampa's Lofton Place

BUYER: Lofton Place LLC (American Property Holdings Corp.), Glenview, Ill.
SELLER: Evergreen at Lofton Place LLC
PROPERTY: 5412 Deerbrooke Creek Circle, Tampa
PRICE: $26 million
PREVIOUS PRICE: $16 million, October 2009
LAW FIRM ON DEED: Alston & Bird LLP, Atlanta

PLANS, DESCRIPTION: Real estate investment trust APH Property Holdings, also known as American Property Holdings, purchased the 280-unit Evergreen at Lofton Place for $26 million.

The price equated to $92,857 per unit.