Insula remains bullish on multifamily

Despite some lender pullback from the apartment sector and fears that past rent and occupancy growth can't be sustained in some markets, Insula Cos. remains optimistic about the future of the multifamily sector along the Gulf Coast.

Thus far in 2016, the Sarasota-based company has invested more than $100 million to acquire rental units. Insula spent $29 million last month to buy the 212-unit Calibre Bend Apartments in Winter Park.

The company has purchased 26 communities valued at $450 million since its formation in 2009. Today, the company owns 18 communities, containing about 3,000 rental units.