Insula Companies – a Sarasota-based firm specializing in apartment community acquisition and revitalization on behalf of private investors – has reached the milestone of $100 million in property acquisitions this year with the recent purchase of Calibre Bend Apartments in Winter Park, Florida. The $29 million purchase is the company’s 26th since the firm began operations in 2009.
“Our team is proud to have consistently built upon successes to have reached this significant point for our company,” said Fred Cochran, President of Insula Companies.
The 212-unit Calibre Bend Apartments was acquired by Insula Companies from a private owner on October 7, 2016. Located adjacent to Full Sail University and close to UCF, the property offers a variety of living options and has maintained a best-in-class reputation for years. Insula Companies has planned a $1.5 million makeover project to further enhance the community.
With properties in Tampa Bay, Orlando, Lakeland and throughout Southwest Florida, Insula Companies pursues only the communities considered to have the best future value for investors. An apartment community must be a 15- to 40-year-old class B or C property with a minimum of 150 units, present value-added potential through cosmetic or substantial rehabilitation work, and have market-related and/or management-induced challenges to qualify for acquisition.
About Insula Companies
Since 2009, Insula Companies have recognized the potential for apartment community acquisition and revitalization and provided investors with a portfolio of more than 5,000 units and $450 million in assets in Florida-based multi-housing complexes. With regional offices serving multiple major Florida markets, the firm has developed an unparalleled understanding of the communities acquired and their future promise for enhancement and return. For more information, visit InsulaCompanies.com or call 941.960.7000.
Grapevine Communications provides full-service advertising, marketing and public relations services to clients nationwide. The firm is the most award-winning advertising agency in Sarasota, Florida, and the surrounding areas. Recent accolades include the 2016, 2015 & 2014 Best Marketing/PR Agency by SRQ Magazine readers; the 2016 “Top 25 Public Relations Firms of Southwest Florida” by Tampa Bay Business Journal; the 2015 Greater Good Philanthropy Award – Small Business by Biz(941) Magazine; the 2014 Small Business of the Year by the Manatee Chamber of Commerce; and the 2010 Small Business of the Year by the Sarasota Chamber of Commerce. For more information on Grapevine Communications, contact Shelby Isaacson (Shelby@grapeinc.com) at 941-351-0024 or visit the website at www.grapeinc.com