Newmark arranged the sale and $45 million in financing for Ascend Waterleigh Village, a newly constructed 280-unit Class A multifamily community in Winter Garden, Florida. Millburn & Company purchased the property for $64 million and secured the Freddie Mac financing through Newmark's debt placement team.
The asset was delivered in 2025 and sits within Horizon West, one of the Orlando metro's fastest-growing master-planned communities.
At a Glance
- Purchase price: $64 million ($228,571 per unit)
- Financing: $45 million Freddie Mac loan
- Property: 280 units, Class A, built in 2025
- Location: Horizon West in Winter Garden, within the Orlando metropolitan area
- Newmark sale team: Scott Ramey, Brad Downing, Paul Grant, and Grant Bretzlaff
- Newmark financing team: Matthew Williams, Brian Kochan, and Rob Wright
Who Should Care About This Deal
Institutional Buyers:** The $228,571 per-unit price establishes a benchmark for Class A acquisitions in the Horizon West submarket. Ascend Waterleigh Village's amenity package—saltwater pool, 24-hour fitness center, entertainment club room, and cyber café with private micro-offices—reflects the feature set institutional capital now expects from core multifamily assets in high-growth Sun Belt corridors.
Private Investors:** Freddie Mac financing for this transaction demonstrates continued GSE appetite for multifamily in Orlando. These loans typically offer non-recourse execution with longer fixed-rate terms than bridge or CMBS alternatives, which can improve used returns for buyers willing to meet GSE borrower requirements.
Sellers of New Construction:** D.R. Horton delivered this asset in 2025 and exited at a per-unit basis consistent with institutional trading ranges for Class A Sun Belt multifamily. For developers weighing hold-versus-sell decisions in Horizon West, this transaction signals that well-positioned new inventory can achieve pricing that supports the build-to-core model.
Why Horizon West?
Horizon West has emerged as one of Orlando's most active growth corridors, attracting residential development through its master-planned infrastructure, retail anchors, and proximity to major employment centers. The adjacent Publix-anchored retail center reinforces the live-work-play positioning that supports premium rents for Class A units.
What It Means for You
If you are evaluating multifamily acquisitions in the Orlando metro, compare per-unit acquisition costs against Ascend Waterleigh Village's $228,571 per-unit benchmark. The deal also illustrates how Freddie Mac financing can structure acquisitions with favorable terms when assets meet GSE eligibility criteria for occupancy prospects and amenities.
Bottom Line
Millburn & Company paid $64 million for a 280-unit Class A asset in one of Orlando's most desirable growth corridors. The $45 million Freddie Mac financing reflects strong lender appetite for Sun Belt multifamily, and the transaction establishes a pricing data point for the Horizon West submarket.
Key takeaways
- Millburn & Company acquired Ascend Waterleigh Village for $64 million ($228,571 per unit)
- Newmark arranged $45 million Freddie Mac financing for the purchase
- The asset is in Horizon West, one of the Orlando metro's fastest-growing master-planned communities
- The deal reflects continued GSE support for Sun Belt multifamily with strong occupancy and amenity profiles
Frequently asked questions
How much did Millburn & Company pay for Ascend Waterleigh Village?
$64 million, or approximately $228,571 per unit.
Who provided the financing?
Freddie Mac, arranged by Newmark's debt placement team led by Matthew Williams, Brian Kochan, and Rob Wright.
Where is Ascend Waterleigh Village located?
In Horizon West, a master-planned community in Winter Garden, within the Orlando metropolitan area.
When was the property delivered?
In 2025, making it a newly constructed asset at the time of sale.
What amenities does the property offer?
Saltwater pool and pavilion, 24-hour fitness center, entertainment club room, cyber café with private micro-offices, and screened private patios or balconies in select units.
