A brand-new apartment community in Middleburg has traded hands for $52.8 million and shed its old name in the process. Ascend Clay Town Center, a 300-unit complex that opened in mid-2025, is now known as Infinite Clay Town Center after the sale closed and a deed was recorded in Clay County on August 26.
The seller was DHIC Branan Field LLC, an affiliate of D.R. Horton Inc.'s multifamily division, according to the Jacksonville Daily Record. The buyer, Colorado-based C63 Investments, purchased the property on August 20 for $52.8 million, per the same report by reporter J. Brooks Terry. That price works out to roughly $176,000 per unit, a figure that lands below a comparable regional deal: D.R. Horton's multifamily arm sold the 350-unit Ascend Durbin Creek complex in neighboring St. Johns County in May 2024 for $70.23 million, or about $200,657 per unit.
D.R. Horton's multifamily division, DHI Communities, built the 300-unit project after permitting began in 2023, then brought it to full operation by mid-2025 before selling. That pattern reflects what the Daily Record describes as a merchant-builder strategy: constructing suburban luxury apartments and selling them shortly after lease-up rather than holding them long-term.
New Owner, Same Leasing Team
Infinite Clay Town Center now appears on C63 Investments' website, sharing the same address as its predecessor and keeping the same leasing-office team in place, according to the article. C63 describes itself as a real estate investment company and, according to its LinkedIn profile, manages more than $220 million in assets and 1,957 multifamily units across Florida, Georgia, Kentucky, Missouri and Tennessee. The firm has stated a goal of building a $1 billion portfolio by 2030.
The apartments sit inside the 67-acre Clay Town Center master-planned development at the southwest corner of Branan Field Road and Old Jennings Road, a project built out by Neptune Beach-based Paradigm Development Partners, according to the Clay County Economic Development Corporation. The broader town center earned the 2022 Master Planning of Land Areas award from the Florida Planning and Zoning Association for its pedestrian-friendly design, as reported by Action News Jax.
Walkable Amenities Surround the Complex
Residents of the renamed complex have plenty within walking distance. Paradigm Development Partners opened the 126-room TownePlace Suites by Marriott Middleburg inside Clay Town Center in late 2025 and fully leased an 18,600-square-foot retail hub with tenants including Anejo Cocina Mexicana, Domino's, Wingstop and MedPlus Pharmacy, according to Hotel Management. The same developer also completed a three-story, 91,458-square-foot Life Storage facility with more than 600 climate-controlled units at 3764 Jacobs Crossing back in March 2023, according to Multi-Housing News.
Just across Branan Field Road sits Ascension St. Vincent's Clay County, a 134-bed hospital that opened in 2013 and completed a $23 million expansion in 2020 to double its intensive care and progressive care capacity, per Ascension St. Vincent's own account of the project. The medical campus functions as a major employment anchor for the surrounding corridor.
Highway Expansion Fuels Regional Growth
Much of the investor interest in this stretch of Middleburg traces back to transportation. On June 29, the Florida Department of Transportation opened the final Clay County segment of the $1.8 billion First Coast Expressway, or State Road 23, creating a multi-lane tollway link past Branan Field Road connecting Middleburg to Interstate 10 in Jacksonville, as reported by News4JAX. The intersection of Branan Field Road and Old Jennings Road now carries more than 38,000 combined daily vehicles and serves a five-mile trade area of nearly 99,000 residents with average household income exceeding $128,000, according to the Net Lease Advisory Group.
That growth stands in contrast with wider Clay County trends. More than half of the county's employed workforce commutes outside the county for work, while local median household income stands above $81,000, according to prior Hoodline reporting on Middleburg and Lakeside commuters. The Infinite Clay Town Center sale suggests institutional investors see the corridor's new highway access and retail buildout as reason enough to keep betting on suburban growth well beyond the county line.
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