Insula Properties has purchased two apartment complexes in Pasco County from a Texas-based non-profit for $9.2 million. The properties acquired by the Sarasota-based company are the 136-unit Rivermill Apartments at 1249 Little Road in Hudson, and the 92-unit Village Square Apartments at 7220 Tudor Lane in Port Richey. The two assets, which the previous owner paid $8.8 million for in 2003, had been in foreclosure proceedings since last December.
