Golf-course views in Mesa now have a fresh price tag: $95.25 million.
A newly built, 339-unit luxury apartment community next to Longbow Golf Club has changed hands in one of the East Valley's bigger multifamily deals of the year. The five-building property, Ascend at Longbow Highpoint, opened in 2025 and was sold by homebuilder D.R. Horton to Salt Lake City investor Millburn & Company. The transaction ranks among the larger multifamily trades to hit the Phoenix market this year.
According to CoStar, the community sold for $95,250,000, roughly $280,973 per unit. CoStar published its coverage on June 8, 2026.
Brokered sale with financing in place
As outlined by CBRE, the firm represented D.R. Horton in the assignment and arranged financing for the buyer through its Debt & Structured Finance practice. CBRE identified Matt Pesch, Asher Gunter and Austin Groen as the brokers on the sale.
“Ascend at Longbow Highpoint checked every box on our acquisition criteria,” Sage Sawyer, Millburn & Company’s principal and CIO, said in the release, underscoring how neatly the Mesa asset fit the firm’s existing playbook.
Property features
The community's leasing site and listings describe one- to three-bedroom units with hardwood-style flooring, granite countertops, smart thermostats, full-size washers and dryers, and patios or balconies. The property also advertises a resort-style pool with golf-course views, a clubhouse with co-working space, covered outdoor kitchens, EV charging and a walking trail that connects directly to Longbow Golf Club, according to the community website Ascend at Longbow Highpoint.
Where this fits in the market
The sale lands at a time when Phoenix’s East Valley keeps adding new rental product and investors keep circling the submarket. Industry pipeline data lists Ascend among dozens of recent and planned Mesa projects, highlighting steady deliveries and continued attention in the area, according to Berkadia. Those pipeline figures and recent deal activity suggest institutional buyers remain focused on newer, amenity-forward communities in fast-growing pockets of the metro.
Buyer profile
Millburn & Company describes itself as a Salt Lake City-based investment manager focused on Class A and B multifamily in high-growth markets. The firm's materials state that it has acquired thousands of units and manages a portfolio valued at more than $3 billion. With the Ascend purchase, Millburn expands its presence in metro Phoenix and adds a golf-adjacent asset that leans into the amenity-heavy preferences of East Valley renters, according to the company’s materials.
