Insula Companies, a Sarasota-based firm focusing on apartment community acquisition and revitalization has acquired four apartment communities in two separate transactions. The deals marked the 20th for Insula Companies since it’s entry to the Florida market in 2009, and the firm’s first venture into Pinellas County. The acquisitions include the 136-unit Rivermill Apartments at 12429 Little Road in Hudson for $5 million and the 92-unit Village Square Apartments at 7110 Tudor Lane in Port Richey for $4.2 million. Insula plans a combined $1.4 million renovation to reposition both properties. Also acquired were 104-unit Forest Creek Apartments in Largo for $7.6 million and the 96-unit Bryan Dairy Place Apartments, also in Largo, for $9 million. “With these recent entries into our growing portfolio, we continue our mission of making tangible improvements to yield substantial returns for our private investors,” said Fred Cochran, President of Insula Companies.
