Virginia firm buys Clearwater apartments for $78 million

Grand Reserve purchase brings Florida portfolio to 11 properties

  • By Kevin McQuaid
  • | 6:00 a.m. January 11, 2019
  • | 0 Free Articles Remaining!
  • Commercial Real Estate
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General Services Corp., a Richmond, Va.-based apartment owner and manager, has continued a push into Florida with the purchase of a 390-unit multifamily rental property in Clearwater, records show.

General Services spent $78 million late last month to buy the Grand Reserve at Palm Isle complex, in Pinellas County.

 

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