Altamonte Springs-based nonprofit health system AdventHealth’s related Adventist Health System/Sunbelt Inc. sold the vacant land on the west side of Boggy Creek Road in three separate transactions totaling $36 million — or about $315,789 per acre — that each closed May 25 and posted to Orange County public record last week.
The buyers included two subsidiaries of D.R. Horton Multi-Family, the recently rebranded multifamily vertical for Arlington, Texas-based homebuilding powerhouse D.R. Horton (NYSE: DHI), and JTD Land at Nona West LLC — an entity related to Kissimmee-based Jr. Davis Construction Co., which is working with D.R. Horton to develop the townhome component of the project slated to rise there.