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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Walton International Group, a North America based real estate investment and land asset company, administers and manages over 106,000 acres of land across the United States and Canada. The Group offers a new approach for leading homebuilders and developers to meet their land light strategies with the advantage of achieving financial flexibility….
Press Release
Investors in Golden Greater Horseshoe Phase 2 (“GGH2”), a parcel of pre-development land slated for residential development located in Simcoe County, Ontario, received a CAD 2M distribution of principal repayment in January 2020. Walton investors sold the GGH2 project to an award-winning real-estate developer and builder in the Greater Toronto…
In January 2020 scheduled interest payments were made to Asia based lenders of two development projects managed by Walton Development & Management (USA), Inc. in Prince George’s County, Maryland. The two projects, Westphalia Town Center – a large mixed use development and Canter Creek – a single family residential development, have delivered a…
Press Release
HONG KONG, Feb. 7, 2020 /PRNewswire/ — Walton International Group, a North America based real estate investment and land asset management company, offers global investors a distinct opportunity to diversify their investment portfolios with land investments, specifically pre-development land and builder option land developments (“BOLD”). North…
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Walton has announced that it will be moving its North American headquarters to Phoenix, Arizona, U.S.A., over the course of this year. This is part of a strategic plan and the Walton pivot that focuses on opportunities in the United States. The transfer of the Corporate head office will ensure Walton’s attention to the growth and…
Press Release
The Walton Westphalia Development Corp. has sold a piece of its 310-acre development site in Prince George’s County, enabling it pay down a substantial portion of the debt it took out to advance the long-planned project. An affiliate of the company sold the 58-acre property known as Phase 1A, slated for roughly 655 residential units, for about…
Washington Business Journal
CALGARY, Alberta–(BUSINESS WIRE)–Walton Westphalia Development Corporation (the “Corporation”) announces that 58.02 acres of land in Phase 1A of the Westphalia property project (“Phase 1A”) has been sold by the project owners in a bulk sale to Galaxy NC, LLC (“Galaxy”) for US$14,150,000, which land will be used for the next phase of residential…
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