Equus buys Reserve apartments in St. Pete

Fueled by sustained job and population growth in the Tampa Bay area that has outpaced much of the nation, investors are continuing to flock to multifamily rental investments regionwide, property records show.

Most notably, Houston-based Camden Property Trust last month spent $126.3 million to acquire an 18-story apartment tower in downtown St. Petersburg, at 330 Third St. S.

The 358-unit tower, the former AER Apartments -- renamed the Camden Pier District — was completed last year. The project also contains ground-floor retail space and an adjacent, five-story parking garage.