CBRE Arranges Sale of Ascend at Longbow Highpoint

CBRE negotiated the sale of Ascend at Longbow Highpoint, a 339-unit multifamily community in Mesa, Arizona. CBRE’s Matt Pesch, Asher Gunter and Austin Groen represented D.R. Horton in the transaction. Millburn & Company acquired the community, and CBRE’s Debt & Structured Finance practice arranged financing for the buyer.

Completed in 2025, the community is located along the Longbow Golf Club in Mesa. Residences feature hardwood-style flooring, granite countertops, energy-efficient windows, smart thermostats, full-size washers and dryers, patios or balconies and stainless steel appliances.

The property features a resort-style pool deck with golf course views, a covered outdoor kitchen and barbecue pavilion, and a resident clubhouse with lounge areas, a community kitchen, conference rooms and co‑working space. Additional amenities include outdoor gathering areas, EV charging, pet amenities, package lockers, and a walking trail with direct access to the golf course.

Millburn & Company is a privately held real estate investment firm headquartered in Salt Lake City, Utah. The firm specializes in acquiring and managing Class A and B multifamily communities in high-growth markets throughout the United States.

“Ascend at Longbow Highpoint checked every box on our acquisition criteria, a brand-new, institutionally constructed asset in a high-barrier infill location with exceptional demand fundamentals,” said Sage Sawyer, Principal and CIO of Millburn & Company. “Mesa and the broader East Valley continue to benefit from population growth, employer expansion, and a renter profile that places a premium on quality. This community is exactly what we look for when deploying capital on behalf of our investors, and we are excited to add it to our portfolio.”

D.R. Horton is the largest homebuilder in the United States by volume. In 2016, the company expanded into multifamily development, leveraging its industry-leading production capabilities and national platform to design, build, and manage institutional-quality apartment communities nationwide.

“Delivering Ascend at Longbow Highpoint represents everything we set out to achieve when we broke ground on this project,” said Jeremy Moss, Managing Director at D.R. Horton, Multifamily. “From the moment we selected this site adjacent to Longbow Golf Club, we were committed to building something truly extraordinary. Every design decision, every finish selection, every amenity was chosen to exceed the expectations of today’s discerning renter. Seeing this community trade to a respected investor like Millburn & Company is a testament to the quality our team delivered, and we couldn’t be prouder of the result.”