Insula Companies – a Sarasota-based firm specializing in apartment community acquisition and revitalization on behalf of investors – has successfully completed the sale of 30 West Apartments in Bradenton – formerly known as Braden Lakes – to a private investor for $25 million. “The acquisition and subsequent sale of 30 West is an exceptional representation of how we accomplish our goals on behalf of our investors,” said Fred Cochran, President of Insula Companies. “We are proud of our work on this community, as it builds on our positive track record of bringing value and good returns through effective management services, widespread improvements and high occupancy rates.”
Insula Companies purchased the property – located at 2835 50th Avenue West in Bradenton – for $14.28 million out of foreclosure in 2013. The firm spent more than $1.4 million enhancing curb appeal, improving common area amenities, and making multiple interior upgrades to residential units in order to create a truly value-added apartment community.
With properties in Georgia as well as Orlando, Tampa, Jacksonville, Lakeland and throughout Southwest Florida, Insula Companies pursues only the communities considered to have the best future value for investors. Among the criteria to qualify for acquisition, an apartment community must be a class B or C property with a minimum of 150 units, 15 to 40 years old, present value-added potential through cosmetic or substantial rehabilitation work, and have market-related and/or management induced challenges.
Visit www.insulacompanies.com for more information.
About Insula Companies
Since 2009, Insula Companies have recognized the potential for apartment community acquisition and revitalization and provided investors with a portfolio of more than 3,300 units and $200 million in assets in Florida-based complexes. With regional offices serving multiple major Florida markets, the firm has developed an unrivaled track record for providing its investors with solid returns on investments. For more information, visit InsulaCompanies.com or call Jeff Talbot, Principal, at 941.960.7000.
Grapevine Communications provides full-service advertising, marketing and public relations services to clients nationwide. The firm is the most award-winning advertising agency in Sarasota, Florida, and the surrounding areas. For more information on Grapevine Communications, contact Shaunna Norris (SNorris@grapeinc.com) at 941-351-0024 or visit the website at www.grapeinc.com.