A Phoenix-based real estate firm has bought 80 acres of land in Hemet destined for 299 single-family homes in the master-planned River Oaks community. Walton paid $7 million for the property entitled for homes at the intersection of Elk Street and Thornton Avenue. The homesites range from 5,000 to 6,000 square feet with construction planned to begin in April 2021 and first homes available in early 2022, the firm said in a statement.
The Sun
Walton purchases 400 acres site in Cedar Hill, Midlothian plans to develop a community featuring single-family homes as well as potential commercial uses.
Fort Worth Business Press
Walton Group buys 400 acres of land in southwest of Dallas planned for 1,100 homes.
The Dallas Morning News
Walton, a real estate investment and land asset management company with US$3.39 billion under management and administration, has sold 162.5 acres within the master-planned community of Hernando Oaks in Hernando County, Fla. Walton will continue to administer the property on behalf of the new landowners.
Sharia compliant real-estate investments are creating more options for portfolio diversification under the umbrella of Islamic Finance. Tim Haywood, General Manager and Regional Vice President at the Walton Group of Companies, a global real estate asset management company and Amanie Advisors, an Islamic Banking and Sharia Finance advisory consultancy, explains to MEA Finance how and why this opportunity is growing in the region.
MEA Finance
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