New York investment firms snap up St. Pete apartments

A pair of New York-based multifamily investment firms have spent a combined $149 million to acquire two St. Petersburg apartment complexes, Pinellas County property records show.

ESG Kullen, a firm founded in 2009 by Eric Granowsky and Thomas DelPonti, bought the Trellis on the Lakes apartments for $80.85 million. The 11401 Dr. Martin Luther King Jr. St. N. complex contains 688 units on 66 acres, and was completed in 1982.

The property was previously owned by Camden Operating Ltd. Partnership, records indicate.