Walton, a real estate investment and land asset company with $3.8 billion under management and administration, has sold 282 partially finished residential lots in the Tortosa master-planned community located at 36227 W. Picasso St. in Maricopa, Ariz. The property sale to D.R. Horton represents 282 of the more than 1,100 partially developed…
AZBigMedia
USD 6.3 million in sales proceeds is anticipated to be distributed to pre-development land investors through 2021 – 2026.* In March 2020, landowners voted to approve the sale of a pre-development land parcel located at Union County, to a a publicly traded homebuilder in the United States. The purchaser has executed an option agreement whereby…
Press Release
A new method in dealing with land can help improve cash flow for homebuilding projects Homebuilders throughout the Southeastern U.S. buy raw land in prime locations and construct appealing and affordable single-family homes and multifamily communities. But every year, it seems harder and harder to achieve that goal. That is why a growing…
Builder & Developer
CALGARY, Alberta–(BUSINESS WIRE)–Walton Westphalia Development Corporation (the “Corporation”) is pleased to announce that it has successfully repaid its senior lender in full. The balance, which was approximately US$16.3 million earlier this year, was paid from a combination of the proceeds of the sale of Phase 1A in January 2020 and cash on…
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