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2019-11-05  16:24

CIJ USA

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General Services pays $85.14m for St. Petersburg apartments

/uploads/posts/39d7c9ad0c91509028ae53c7f06456c7ccb83750/images/Courtney at Bay Pines.png

General Services Corporation has paid $85.14m for The Courtney at Bay Pines, a 330-unit apartment complex in St. Petersburg, Florida. The seller was Northwestern Mutual Life Insurance Company. Completed in 2013, the property sold for $258,000 per unit. Rents range between $1,295 and $2,060 per month.The purchase marks General Services Corporation’s 12th investment in Florida.

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