Atlanta's Invesco Inc. buys Pollack Shores' Noho Flats

BUYER: Noho Flats LLC (Invesco U.S. Income REIT LLC), Atlanta
SELLER: CRP Pollack Hyde Park LLC
PROPERTY: 401 N. Rome Ave., Tampa
PRICE: $57.25 million
PREVIOUS PRICE: $325,000, August 2012
LAW FIRM ON DEED: Mayer Brown LLP, Chicago

PLANS, DESCRIPTION:
An affiliate of Atlanta-based global investment management firm Invesco Inc. purchased 311-unit Noho Flats at North Hyde Park for $57.25 million.

The price equated to $184,084 per unit. That figure is higher than the average price per unit for multifamily space ($70,803) in the Tampa Bay area, according to the CoStar Group.