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Clearwater apartment community sold for $50.1 million

An affiliate of Sarasota-based Insula Companies has purchased the 320-unit Estates at Countryside apartment community for $50.1 million.
 
Published Feb. 6, 2019

CLEARWATER — An affiliate of Sarasota-based Insula Companies has purchased the 320-unit Estates at Countryside apartment community for $50.1 million. Berkadia arranged a 10-year, $37.22 million Freddie Mac "Green Up''' loan for the buyer, which will make green improvements throughout the property at 2652 N McMullen Booth Road. Insula has several other apartment communities in Central Florida including the Tampa Bay area.

Contact Susan Taylor Martin at smartin@tampabay.com or (727) 893-8642. Follow @susanskate.