D.R. Horton Divests of 260-Unit Ascend at Black Canyon Multifamily Property in Phoenix

PHOENIX — D.R. Horton has completed the disposition of Ascend at Black Canyon, an apartment community in Phoenix, to Millburn & Co. for $58.7 million, or $225,769 per unit. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Milichap, represented the seller and procured the buyer in the transaction. Built on 10 acres in 2024, Ascend at Black Canyon is a controlled-access community with 260 one-, two- and three-bedroom apartments with stainless steel appl