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LAKE BLUFF, ILL. —Prime Property Investors (PPI) has sold Deer Valley Luxury Apartment Homes in Lake Bluff to Steadfast Income REIT for $28.6 million. PPI purchased the Class A, 224-unit apartment community in June 2011 for $21.9 million. The property was fully leased at the time of sale. Deer Valley Luxury Apartment Homes includes 13 buildings on a 13.5-acre site with 297 surface parking spaces and 52 enclosed private parking garages. Susan Lawson and Todd Stofflet of Apartment Realty Advisors’ Chicago office represented PPI in the transaction.