Insula Buys in Tallahassee, Altamonte
Business
SRQ DAILY MONDAY BUSINESS EDITION
MONDAY AUG 3, 2015 |
Insula Companies, a Sarasota-based firm specializing in apartment community acquisition and revitalization, announced the acquisition of two apartment communities . These purchases marked the sixth and seventh for Insula Companies in 2015 and the 21st and 22nd since 2009. Making its first foray into the state’s capital, Insula Companies acquired the 120-unit Club at Lake Jackson in Tallahassee out of foreclosure on May 20. Insula plans an $800,000 renovation to reposition the asset. On June 25, Insula acquired the 164-unit Village Green Apartments in Altamonte Springs from a private owner, where it has planned a major $1.5 million makeover.
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