Evergreen, Northview buy Lofton Place

BUYER: Evergreen at Lofton Place LLC (NVR Lofton Place LP), Boston
SELLER: ERP Operating Limited Partnership, successor by merger to Merry Land LLC and Merry Land & Investment Co. Inc.
PROPERTY: 5412 Deerbrooke Creek Circle, Tampa
PRICE: $16 million
PREVIOUS PRICE: $14.2 million, December 1993
LAW FIRM ON DEED: Brick Gentry PC, West Des Moines, Iowa
PLANS, DESCRIPTION: Evergreen Residential and Northview Capital purchased the Lofton Place apartments on Deerbrooke Creek Circle north of Gunn Highway from Equity Residential for $16 million.