Deals
Sarasota Company Pays $29 Million for Apartments
Sarasota's Insula Companies recently purchased Calibre Bend Apartments in Winter Park, Florida, for $29 million.

Calibre Bend Apartments
Image: Courtesy Shelby Isaacson
Sarasota's Insula Companies recently purchased Calibre Bend Apartments in Winter Park, Florida, for $29 million, bringing its total property acquisitions this year to more than $100 million. The 212-unit Calibre Bend property was acquired from a private owner on Oct. 7. Insula has planned a $1.5 million makeover to enhance the apartments. The purchase is the company’s 26th since the firm began operations in 2009. The company owns properties in Tampa Bay, Orlando, Lakeland and throughout Southwest Florida.