An international real estate asset management company that owns 81,000 acres nationwide is making a big play for the wildly popular build-to-rent home market, and its plans include several projects in northern Colorado.
Walton Global Holdings has launched a build-to-rent (BTR) line of business that will leverage its more than 81,000 acres of land assets throughout the U.S. to create near-term opportunities for single-family home rental developments.
Walton Global Holdings — which last year moved its headquarters to Scottsdale from Calgary, Canada, where it was founded more than 40 years ago — is launching a build-to-rent, or BTR, line of business to develop 2,500 single-family rental units across the country, including metro Phoenix.
BUILDER contributor Paul Megler, executive vice president portfolio management and strategic relationships, says there are many contributing factors affecting the availability of developable land across the country.
Walton is pleased to announce the results of the Special Meeting of Limited Partners held for Walton U.S. Land Fund 4, LP (USLF4) and Walton U.S. Land Fund 2, LP (USLF2). The two separate meetings held in April 2021 resulted in approval of residential option agreements with national builders for an aggregate of approximately 1,235 acres with a value of $63.2 million, representing all or portions of the Rock Creek Ranch, Bellehaven and West Creek properties, in which USLF 4 owns an interest, and the Redwood Valley property, in which USLF2 owns an interest.
Walton, a real estate investment and land asset management company with US$3.4 billion under management and administration has acquired 34 acres planned for residential development by a large national publicly traded homebuilder and has secured interest in the form of a letter of intent for the land. The property is located west of Hewitt Street and south of East Commonwealth Street in San Jacinto, Calif.
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