Reported Sep 30, 2026 · Source: REBusiness Online
Ascend at Black Canyon is a multifamily & mixed-use sale in North & Northwest Phoenix, Phoenix. Other details we have: buyer Millburn & Co.; seller D.R. Horton; price $58.7M; size 260 units; $225,769 per unit. REBusiness Online reports: “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…”
Quoted from the article; the other facts come from our own deal listing.
Read the full report at REBusiness Online. What the article says:
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 appliances, washers/dryers, smart-home technology, dual-pane windows and private patios or balconies. Community amenities include a resort-style swimming pool, 24-hour fitness center, two dog parks and a pet washing station.
D.R. Horton Divests of 260-Unit Ascend at Black Canyon Multifamily Property in Phoenix
Article date: 2026-09-30T13:44:47+00:00
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Compiled from public sources; details can differ between sources. Always verify with the linked source.