Contact:

Lisa M. Barnott

Director of Marketing & Communications

(941) 757-1542

Lisa.barnott@lakewoodranch.com

FOR IMMEDIATE RELEASE

Zilber Residential Group Building “Estia at Lakewood Ranch”

Single-Family For-Rent Community

Estia will Include 102 One-Bedroom Duplexes and 128 Two-Bedroom Houses

LAKEWOOD RANCH, FLA. (May 4, 2020) – Lakewood Ranch, the nation’s best-selling, multi-generational master-planned community, and Zilber Residential Group, the multifamily division of Zilber Ltd., have announced plans to open Estia at Lakewood Ranch, one of Florida’s first single-family for-rent communities.

Located off Lakewood Ranch Boulevard, adjacent to Bob Gardner Park, Estia at Lakewood Ranch will include 230 residences, including 102 one-bedroom, 725 square-foot units within 51 duplexes, as well as 128 stand-alone, 1,000 square-foot, two-bedroom homes.

Each home will feature ten-foot ceilings, private, fenced in backyards, screened-in patios and built-in dog doors. The community will also include a future amenity center with a pool, fitness center, community room, dog park and more.

Estia’s residences are currently under construction and expected to be available for move-in this fall. The model homes and clubhouse are expected to be completed and open this summer. Pending social distancing guidelines and recommended best practices from leading health organizations, virtual and private tours may be offered initially upon opening.

A growing trend in real estate, single-family for-rent communities generally appeal to renters seeking a long-term residential experience versus an apartment, where opportunities are often limited to short-term leases. Communities like Estia at Lakewood Ranch tend to include the best of both worlds: the benefits of a professionally managed and amenitized community of high-quality homes with elevated appointments, as well as the conveniences of a maintenance-free residence.

“Lakewood Ranch is the ideal location for Estia because it offers numerous lifestyle elements that typically appeal to a wide variety of tenants, including active professionals with young families, and downsizers,” says Mike King, Director of Residential Investments for Zilber Residential Group. “The community will appeal to those who desire a private home, low-maintenance living and robust lifestyle offerings.”

According to Metrostudy, the demand for single-family for-rent communities is largely due to trends in household economics, “one being the rent-by-necessity group of mostly younger families for whom down payment hurdles, monthly payment challenges, interest rate pressures, and rising for-sale prices have put homeownership beyond their means,” and households who choose to rent as a way of opting for a “‘less strings-attached’ lifestyle … and, yet, want to do so in a detached, single-family house in a new residential community.”

“We’re thrilled to introduce one of Florida’s first premium, single-family for-rent communities here in Lakewood Ranch and expand upon the variety of housing options available to our prospective residents,” said Kirk Boylston, President of Lakewood Ranch Commercial. “For many renters, these new units will serve as strong starter homes and a potential stepping stone to ownership of a more traditional, single-family home in Lakewood Ranch.”

Zilber’s additional communities developed in Lakewood Ranch include Echo Lake Apartments, Waterfront at Main Street Condominiums, and the single-family home community LakeHouse Cove at Waterside.

Founded in 1994, Lakewood Ranch spans more than 31,000 acres and includes more than 36,000 residents in over 20 villages. The Ranch is consistently rated as one of the best-selling master-planned communities in the country by both RCLCO and John Burns Real Estate Consulting, two independent real estate consulting firms. In January, both firms designated Lakewood Ranch as the best-selling multi-gen community in the U.S. for the second year in a row.

For more information on Lakewood Ranch, please contact Lisa Barnott at 941-757-1542.

For more information about Estia at Lakewood Ranch, please call 941-222-1898, email EstiaLWR@lincolnapts.com or visit www.EstiaLakewoodRanch.com.

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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 41,000 residents and features A-rated schools, the Lakewood Ranch Medical Center, the Sarasota Polo Club, the 75-acre Premier Sports Campus, its own Main Street with theaters, shopping and dining, and more than 5.5 million square feet of commercial property. For more information visit www.lakewoodranch.com.

About Zilber Ltd.

Zilber Ltd. is a prominent, full-service real estate company known for its diversified residential and commercial capabilities. The Zilber Ltd. organization has been operating for over 70 years – investing, building and managing real estate throughout the U.S, providing value to its customers while revitalizing communities. As one of the initial builders Zilber has been developing single family homes, condos, and apartments in Lakewood Ranch for more than 20 years under the Homes by Towne and Zilber Residential Group brands. For more information visit www.zilber.com.