GSC buys second area complex this year

Continuing a wave of multifamily rental acquisitions throughout the Gulf Coast, a Virginia-based apartment operator has purchased a Sarasota complex for $43.25 million, according to property records.

General Services Corp.'s October acquisition of the former Bermuda Estates apartments marks its second purchase in the region this year.

Prior to buying the 220-unit complex at 4001 N. Taggart Cay off McIntosh Road — GSC renamed it Merigot Bay — the Richmond, Va., company in July acquired the 360-unit Hamlin at Lake Brandon community, for $60 million, Hillsborough County records show.