Virginia firm buys St. Petersburg apartments for $85 million

General Services Corp. has acquired a 330-unit apartment project in a suburb of St. Petersburg for $85.14 million, the latest in a string of Gulf Coast acquisitions by the Richmond, Va.-based company over the past three years.

The Courtney at Bay Pines becomes the twelfth Florida complex in General Services’ portfolio, along with multifamily rental projects in Tampa, Brandon, Clearwater, Sarasota and Bradenton — where the company controls four complexes.