Jake Millburn Of Millburn & Company Acquires Multifamily Asset In Winter Garden For $64M

The property involved in the transaction is an 11-acre multifamily asset located at 16200 Ascend Village Ln, Winter Garden, FL. The property consists of 280 units and was sold for $64 million, which equates to a price per unit of $228,571. The community was built in 2025 and is situated near State Route 429, with access to facilities such as Publix, Target, and Walt Disney World.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $64,000,000
• Buyer: Jake Millburn - Millburn & Company
• Seller: Paul J. Romanowski - D.R. Horton
• Lender: Freddie Mac
• Mortgage Broker: Newmark
• Units: 280
• Price Per Unit: $228,571
• Acreage: 11
• Sale Date: 09/09/2026

Jake Millburn of Millburn & Company acted as the buyer while Paul J. Romanowski represented D.R. Horton as the seller in this transaction. Newmark facilitated a loan of $45 million from Freddie Mac, with the loan scheduled to mature in 2033, which supported the financing of the property sale.