Sarasota-Based Insula Companies Acquires The Glenn Apartments
in Orlando for $42 Million
Sarasota, Florida – January 14, 2016 – Insula Companies – a Sarasota-based firm specializing in apartment community acquisition and revitalization on behalf of private investors – is proud to announce the recent addition of The Glenn Apartments in Orlando, Florida, to its expanding portfolio of communities. The $42 Million purchase is the company’s largest project to date and marks the first strategic Acquisition for Insula Companies in 2016 and the 25th since the firm began operations in 2009.
“With its outstanding resort-style amenities and proximity to the UCF campus, shopping and dining, The Glenn represented an excellent value-add investment opportunity,” said Fred Cochran, President of Insula Companies.
Offering 396 residences, The Glenn provides a selection of spacious one- and two-bedroom luxury apartments created with style and comfort in mind. The property boasts three sparkling pools, a sundeck and tanning areas, a game room with billiards, a sand volleyball court and a newly constructed 2,500-square-foot fitness center with spin and yoga room.
With properties in Tampa Bay, Orlando, Lakeland and throughout Southwest Florida, Insula Companies pursues only the communities considered to have the best future value for investors. An apartment community must be a 15- to 40-year-old class B or C property with a minimum of 150 units, present value-added potential through cosmetic or substantial rehabilitation work, and have market-related and/or management-induced challenges to qualify for Acquisition.
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 $275 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.