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Sarasota-Based Insula Companies Expands Portfolio to 3,360 Apartments in Southest United States
Tampa Apartment Community Acquisition Marks Third Florida Purchase in 2014
With properties in Atlanta, Georgia, as well as Orlando, Tampa, Jacksonville, Lakeland and throughout Southwest Florida, Insula Companies pursues only the communities considered to have the best future value for investors. Among the criteria to qualify for acquisition, an apartment community must be a class B or C property with a minimum of 150 units, 15 to 40 years old, present value-added potential through cosmetic or substantial rehabilitation work, and have market-related and/or management induced problems. Located at 2020 East Bearss Avenue in Tampa, Park East Apartments was constructed in 1987 and has 192 residential units.
Insula Companies' portfolio is managed with the principal focus of maintaining high occupancy rates and collections, along with keeping expenses at or below budgeted amounts. Once acquired, apartment communities have access to the professional support and resources of over 50 staff, ensuring optimal operation and providing investors with accurate, first-class reporting services.
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 3,300 units and $150 million in assets in Florida-based 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 2014 Small Business of the Year by the Manatee Chamber of Commerce; the 2014 Best Marketing/PR Agency by SRQ Magazine readers; and the 2010 Frank G. Berlin, Sr. Small Business of the Year by the Greater Sarasota Chamber of Commerce. For more information on Grapevine Communications, contact Miranda Spinner at MSpinner@grapeinc.com or 941-351-0024.
Page Updated Last on: Aug 01, 2014