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Real estate investment firm buys NE St. Pete apartments for $30 million

June 29, 2020 - Viera Bayside, an apartment complex in northeast St. Petersburg, has a new owner. BMF IV FL Viera Bayside, a limited liability company associated with Bridge Investment Group in Utah, bought Viera Bayside for $30.8 million in a deal that closed June 22, according to a deed filed with Pinellas County. The seller, a group led by FREG Bayside Associates LLC, bought the property in 2016 for $20.25 million, Pinellas County property records show. The two-building property, built in 1986, has 208 living units, according to property records. Bridge Investment Group is a privately-held real estate investment management firm with more than $20 billion in assets under management. The company's local portfolio also includes Carrollwood Station in Tampa. Requests for additional information from Bridge were pending return.

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