Downtown Tampa apartment property changes hands for $12.75 million

An apartment developer has acquired a prominent downtown Tampa location for a sum of $12.75 million.

Richland Capital Holdings, an affiliate of Richland Investments based in Tampa, completed the purchase of approximately 0.68 acres at 127 N. Tampa St. on Friday, as documented in Hillsborough County property records. The property was sold by an entity associated with Walton Street Capital.