Walton Acquires 138 Lots in Verano Master Plan and Sells Lots to D.R. Horton
Walton, a real estate investment and land asset management company with US$3.39 billion under management and administration, has acquired 138 homesites within the master-planned community of Verano located at the northwest corner of Verano Road and Rio Vista Drive in Cathedral City, Calif. In a second transaction, Walton then sold the finished lots to D.R. Horton, the largest homebuilder by volume in the U.S.
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