In The News
Florida-based real estate investment company is poised to renovate Kissimmee-area apartment complex
SARASOTA, Fla., July 10, 2018 (GLOBE NEWSWIRE) -- Insula Companies, a Sarasota-based firm specializing in apartment community acquisition and revitalization on behalf of investors, today announces its purchase of Arrow Ridge, a 320-unit apartment complex in Kissimmee, Florida. The $49 million property sale closed July 2.
“We are excited to acquire another quality rental community in Central Florida that is in need of a full renovation,” said Fred Cochran, managing partner at Insula Companies. “With land and construction costs high and a tight labor market, affordable workforce housing cannot be built new, so renovating and upgrading existing communities is critical to a healthy housing market.”
The firm plans to begin its $2.6 million renovation of the 98-percent-occupied complex, also changing the name from Arrow Ridge Apartments to Ridge @ 4100. The revamping will include the building exterior, property amenities and unit upgrades. These renovations will further separate the complex from others in the area, since it is one of only a few that offers four-bedroom, three-bathroom units.
“This renovation is set to improve the quality of life for all current and future residents, along with bringing a sense of positive transformation to the Kissimmee area at large,” said Jeff Talbot, principal at Insula Companies. “Multifamily communities are diverse in needs, wants and interests – so, we are looking forward to improving living conditions and giving residents a space they can happily call home.”
Insula Companies, founded in 2009, is committed to enriching lives by transforming communities. The firm operates 17 communities, including two others located within a five-mile radius of the newly purchased complex. For more information about Insula Companies, please visit www.InsulaCompanies.com.
About Insula Companies
Since 2009, Insula Companies have recognized the potential for apartment community acquisition and revitalization and provided investors with a portfolio of approximately 3,500 units and $370 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.
Uproar PR for Insula Companies
Insula Companies Selected to
Firm Recognized for Growth, Entrepreneurial Spirit and Continued Success
SARASOTA, Fla. – Insula Companies – a Sarasota-based firm specializing in apartment community Acquisition and revitalization on behalf of investors – was named to the University of Florida’s (UF) 2017 Gator100 during a ceremony February 10, 2017, at UF’s J. Wayne Reitz Union Grand Ballroom.
Sponsored by the UF Alumni Association, in partnership with the UF Entrepreneurship & Innovation Center, the Gator100 recognizes the 100 fastest-growing businesses owned or led by UF alumni. Ernst & Young calculated each company’s compounded annual growth rate (CAGR) over the past three years to generate the ranking.
“The Gator100 is a campus-wide initiative that recognizes the entrepreneurial spirit entrenched in the university,” said Timothy Walsh, the Executive Director of the UF Alumni Association and Assistant Vice President of Alumni Affairs. “UF Alumni have created and guided some of the most innovative and profitable businesses in the nation and world. The Gator100 celebrates the very best of our Gator Entrepreneurs.”
To qualify for the Gator100, companies must have been in business for five years or more as of October 1, 2016, and have had verifiable annual revenues of $250,000 or more in 2013. Additionally, a UF alumnus or alumna must have met one of the following three leadership criteria:
- Owned 50 percent or more of the company from January 1, 2013, through October 1, 2016;
- Served as company’s chief executive from January 1, 2013, through October 1, 2016
Founded the company and active as a member of the most senior
management team from January 1, 2013, through October 1,