Forestar Expands Star Farms at Lakewood Ranch; Creates Largest Village in the Master-Planned Community

SARASOTA, FL, NOVEMBER 21, 2024 – Forestar Group Inc. (“Forestar”), one of the largest single-family residential community developers in the nation, announces the development of Saddlestone ­—

a new neighborhood located within Star Farms at Lakewood Ranch. Saddlestone adds more than 570 acres and 1,300 homesites to Star Farms. With this new addition, Star Farms encompasses nearly 1,300 acres and 2,800 lots and establishes the community as the largest in Lakewood Ranch. Adjacent to Bourneside Boulevard and 44^th Avenue East, the first phase of Saddlestone includes 300 homesites nestled along environmental features.

Groundbreaking attendees included Forestar team members: Tony Squitieri, West Florida Region Vice President; Ted Gadoury, Land Development Amenity Manager; John Barnott, Investments and Development Director; Christian Cotter, Region Director of Resort Hospitality; and Evan DeHart, Land Development Manager.

According to Squitieri, a shared commitment to excellence has driven the growth of Star Farms. “Lakewood Ranch chose us to develop this area because of the success of Star Farms. They thought we were the best fit to overcome the challenges,” he said. “Star Farms could not have become the largest master-planned community within Lakewood Ranch without our featured builders, and we look forward to sharing our vision in more detail as our design progresses.”

Surrounded by the natural beauty of Southwest Florida, this multi-generational lifestyle community offers a unique experience.

“We have designed, in an innovative way, a multi-generational community by creating a hometown that connects and inspires,” Squitieri said. “I credit our onsite hospitality team with shaping this lifestyle for our families.”

According to the Lakewood Ranch sales and marketing team, this tailored approach and product mix attracts homebuyers.

“Star Farms has become a favorite village in Lakewood Ranch thanks to its wide variety of home types, price points and exceptional amenities,” said Sandy Shahinian, Vice President of Sales and Marketing for Lakewood Ranch Communities. “We are thrilled to see this community continue to thrive with the introduction of additional phases, providing even more opportunities for buyers to make Star Farms at Lakewood Ranch their home.”

Whether exploring new adventures, discovering new passions, meeting new neighbors or finding new ways to connect with nature, Star Farms at Lakewood Ranch is an extraordinary place to call home.

Visit www.starfarmslwr.com and join the VIP Club for the latest information.

About Lakewood Ranch

Lakewood Ranch is the 33,000+-acre award-winning master-planned community in Sarasota and Manatee counties on the West Coast of Florida. Just minutes from the Gulf Coast beaches and cultural assets in Sarasota, Lakewood Ranch is already home to more than 72,000 residents and features top-rated schools, the Lakewood Ranch Medical Center, the Sarasota Polo Club, the 75-acre Premier Sports Campus, and three town centers that include theaters, shopping and dining. For more information visit www.lakewoodranch.com.

About Forestar Group Inc.

Forestar Group Inc. is a residential lot development company with operations in 59 markets and 24 states. Based in Arlington, Texas, the Company delivered more than 15,000 residential lots during the twelve-month period ended September 30, 2024. Forestar is a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. For more information, visit www.forestar.com. Community pricing, features, terms, availability and amenities are subject to change at any time without notice or obligation.

LAKEWOOD RANCH, Fla. (November 11, 2024) – Heritage Golf Group, a leading owner and operator of
private country clubs and high-end daily-fee courses, proudly announces the completion of Phase
1 renovations at Lakewood Ranch Golf & Country Club, acquired in March 2024. In less than
eight months, the club is set to unveil two fully renovated golf courses, including the addition of
its newest private course, The Legacy, which will open for Member play on November 16, along
with major updates to the club’s racquet sport and wellness amenities.

Phase 1 renovations focused on two of the four private golf courses at LWRG&CC: Cypress
Links and The Legacy courses. These courses have been enhanced with celebration
bermudagrass fairways, newly constructed tifeagle greens, refurbished cart paths, and renovated
bunkers for improved playability and aesthetics. The Legacy course now features multiple new
sets of tees, making it accessible to golfers of all skill levels.

The Legacy Golf Course, an Arnold Palmer signature course known for its distinct design and
challenging play, was previously a daily-fee course adjacent to the club. Heritage Golf Group
made the strategic decision to merge The Legacy into Lakewood Ranch as its fourth private
course. With renovations now complete, the course has been restored to its original glory,
showcasing pristine conditions, paying homage to Palmer’s vision. Cypress Links, also designed
by Arnold Palmer and opened in 2001, has similarly undergone significant improvements.

Two of the club’s three practice facilities have also undergone major renovations, featuring
upgraded amenities, new premier practice balls, laser tee boxes, and new target greens to elevate
the Member practice experience.

Luke Beardmore, Heritage Golf Group’s Senior Vice President of Agronomy, spearheaded the
course renovations. “We are thrilled with the transformations at Cypress Links and The Legacy.
Both courses, each unique in design, now feature upgraded irrigation systems, enhanced
playability, and improved aesthetics. We’re very excited to open them back up to the Lakewood
Ranch Golf & Country Club membership,” he stated.

Heritage Golf Group begun renovations within a week of acquisition, meeting an ambitious Fall
2024 opening despite challenges posed by three named weather events. With the opening of
Cypress and The Legacy, Lakewood Ranch G&CC is now the only club in the Sarasota area
offering Members access to four private golf courses. The addition of The Legacy as the club’s
fourth private golf course has allowed Lakewood Ranch Golf & Country Club to accommodate
new golf members from a previously existing waitlist. The club is currently accepting
memberships in all categories.

“We’re thrilled to mark a new era at Lakewood Ranch Golf & Country Club with the opening of
all four golf courses.” Says Jim Oliver, Chief Operating Officer at Heritage Golf Group “This
milestone reflects our dedication to enhancing the experience for our Members and guests, and
we’re eager to bring even more planned improvements to life in the future.”

Beyond the golf courses, Phase 1 improvements include enhancements to the club’s racquet
sports and wellness amenities. The future addition of three new tennis courts brings the total to
23, while new LED lighting upgrades and court resurfacing improve playability and drainage.

The 24-hour fitness center will also be equipped with new cardio and strength machines, along
with additional group fitness equipment.

Plans are already underway for Phase 2 renovations, which include a multi-million dollar
transformation of The Legacy Clubhouse. Once completed, this will become the club’s third fullservice
clubhouse, featuring a member restaurant, patio, pro shop, and more. Renovations will
continue into 2025 and 2026 with scheduled upgrades to the remaining two golf courses, Royal
Lakes, and King’s Dunes, each receiving full renovations on a rotating basis.

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About Heritage Golf Group

Since purchasing Heritage Golf Group in January 2020, the current ownership and leadership
team has grown the company to include 37 clubs across the US. With its home office in northern
Virginia, just outside Washington DC, Heritage clubs are located in Alabama, Colorado, Florida,
Georgia, Illinois, Missouri, New Jersey, New York, North Carolina, Ohio, South Carolina,
Virginia, Michigan, and Wisconsin. The company continues to grow by acquiring a mix of
private country clubs in residential communities, member-owned clubs with growth potential
seeking strategic alternatives, and premium daily-fee and resort golf properties in major resort
destinations and metropolitan markets. Guided by the principle of evolving the golf experience to
the highest level, each individual club’s amenities and operational systems are tailored to
augment its unique assets. For more information, please visit www.heritagegolfgroup.com.

Media Contacts:

Mary Moore, Heritage Golf Group
Phone: 703-570-4955
mmoore@heritagegolfgroup.com

Caroline Burroughs, Heritage Golf Group
Phone: 703-909-4317
cburroughs@heritagegolfgroup.com