Exclusive: DR Horton Makes $64M Orlando Deal
Millburn & Co. purchased the recently completed property.
D.R. Horton has sold Waterleigh Village, a 280-unit multifamily community in Winter Garden, Fla., for $64 million, according to Yardi Matrix information. Millburn & Co. acquired the asset.
Newmark originated a $45 million Freddie Mac loan with a maturity date set for 2033.
Completed in 2025, Waterleigh Village is a pet-friendly property at 16200 Ascend Village Lane.
It occupies a 11-acre site in an area close to multiple retail and entertainment options, including Publix, Target and Walt Disney World.
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The property provides access to State Route 429, the main western beltway of the Greater Orlando area, which connects Winter Garden to Interstate 4 as well as to entertainment destinations and major employers in the area. Orlando’s central business district is 26 miles away while its international airport is 33 miles southeast.
Waterleigh Village comprises seven four-story buildings. The unit mix includes one- to three-bedroom floorplans ranging between 786 and 1,627 square feet. Apartments include, walk-in closets, washers and dryers and private patios or balconies.
Common-area amenities include a swimming pool with a poolside pavilion and a wet bar, a cyber café with private offices, a clubroom, a conference room, an outdoor lounge, a dog park and roughly 500 parking spots.
Orlando’s investment softens, lending activity holds steady
Orlando’s multifamily transaction activity reached $347 million as of May—56 percent lower from the $802 million recorded during the same timespan in 2025. Prices slid to $174,502 per unit on average—below the $185,821 U.S. average.
In one of the most notable deals in the market so far this year, Epoch Residential sold Cacéma Townhomes for $56.2 million. Capital Square acquired the Kissimmee, Fla., asset using funds from a Freddie Mac loan.
Orlando’s multifamily sector continues its recovery after nine months of negative rent movement, according to a recent Yardi Matrix report. The average advertised asking rent reached $1,767 per unit as of May—10 basis points below the national rent and up 0.2 percent on a trailing three-month basis. Year-over-year average rents were 1.5 percent lower.
