ATLANTA, GA - Today, Kaplan Residential, a multi-strategy real estate rental development firm focused on the Southeast US, announced the purchase of a 30-acre piece of vacant land for nearly $6M located on 2201 Knights Trail Road in Venice, FL for its latest build-to-rent project.
The real estate firm known for its institutional approach and family-first standard, purchased the land from Rowco Development Company, LLC with the help of Jon C. Greco with Merritt Realty Corporation.
The company plans to build an elevated, affordable rental townhouse community perfect for young professionals, families, second homes, retirees and more.
The community will feature 239 units ranging between $1,600-$2,300 and is set to be completed by Summer 2022.
The community will support the significant economic growth in Venice/Sarasota by drawing in talent for Sarasota Memorial Hospital, the Laurel Interchange Business Park, companies in Downtown Venice, Venice Performing Arts Center, the proposed new hospital in North Port and more.
Additionally, the future community is just a 20-minute drive from world famous beaches like Siesta Key, Venice Beach, Manasota Key Beach and Sarasota Beach.
About Kaplan Residential: Founded in 1998, Kaplan Residential is a multi-strategy real estate development firm, with offices in Atlanta and Miami. The company focuses on the acquisition and development of innovative and timely multi-housing and build-to-rent projects throughout the Southeast U.S. Since its inception, Kaplan Residential has developed thousands of rental and for-sale units and has a pipeline of more than $250 million in development. The firm attributes its success to implementing an institutional approach, making deep connections with stakeholders and a hands-on, family-first standard for all projects.