Zilber Trades Bradenton Rental Community for $92.1M
Zilber Residential built the Vida Lakewood Rancho apartments in Bradenton and has now sold the 304-unit complex to an undisclosed buyer for $92.1 million. The project is in Lakewood Ranch, a master-planned community.
Matt Mitchell, Chris Burtner, and Berkadia Central & North Florida led the transaction on behalf of Zilber.
Located at 11109 Vida Circle, the two-story, garden-style apartment community features one- and two-bedroom floor plans ranging from 773 to 1,103 square feet. Individual apartments offer screened-in balconies/patios. Community amenities include a state-of-the-art fitness center, clubhouse with community kitchen, pool table and poker table, shaded game lawn and grilling areas, and walking trail surrounding a 4.5-acre lake.
Vida Lakewood Ranch is 20 minutes from downtown Sarasota and downtown Bradenton and approximately 40 minutes from the downtowns of Tampa, St. Petersburg, and Tampa International Airport.
Zilber Residential Group constructs, owns and manages multifamily communities in Wisconsin, Florida, Arizona, and California.
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