Mill Green Opportunity Fund V LLC, sponsored by Mill Green Partners, sold Vintage Horizon West, a 340-unit, Class A multifamily development project in Winter Garden, Florida, west of Orlando. The Atlanta, Georgia-headquartered fund sold the property at 9223 Vintage Hills Way for $119.6 million, or $351,765 per unit.
The fund had invested $7.9 million in the project in October 2019 and received a $28.1 million distribution upon the property’s sale.
“We are pleased to announce this result, which is the fourth sale in Fund V,” said Greg Fox, chief executive officer of Mill Green Partners. “A strong multifamily market combined with excellent execution from our development partner, TDK based in Murfreesboro, Tennessee and strength in our targeted Southeastern markets, such as Orlando, FL, contributed to this result.”
Mill Green Partners sponsors the Mill Green Opportunity Fund series that focuses on investing in Class A multifamily developments projects in the Southeastern and Mid-Atlantic U.S with a select group of development partners.