Walton Closes on 129-acres with Regent Homes in Greater Nashville
SCOTTSDALE, Ariz. (December 2, 2021) - Walton, a leading land asset management organization and global real estate investment company based in Scottsdale, Ariz., recently announced the closing of 129 acres in the Nashville metro area. Regent Homes, LLC, one of the top regional homebuilders in the U.S., has acquired a portion of a masterplan called Carothers Crossing, marketed as Carothers Farms. Carothers Farms is located off Battle Road in Nashville, Tenn.
Walton Global’s Senior Vice President, Anthony Sparrow said, “We value the great relationship we have developed with Regent Homes while working on Carothers Farms and have been pleased with the land development and quality of homes built by them. We look forward to seeing the next phase of the development.”
Carothers Crossing is just 18 miles south of downtown Nashville and near Cane Ridge Park, a popular 281-acre public park. It is also connected to Interstate 24, which provides easy access to downtown Nashville and a quick minute’s drive to Nashville International Airport. Additionally, the cities of Murfreesboro and Chattanooga to the east and the state of Kentucky to the west showcases the development’s superior convenience.
“Carothers Farms provides Regent Homes with the land necessary to fulfill our plan to develop a range of homes,” said David McGowan, President and Chief Manager of Regent Homes. “Walton was extremely helpful during the entire land transaction including providing us with the information we needed upfront, such as the research data for entitlements including approvals on the infrastructure, so we didn’t need to do the research ourselves and hire an outside source. We value our more than 5-year relationship with Walton and look forward to working with them in the future.”
Carothers Farms will be a mixed-use development that will consist of condos, townhomes, cottage homes, and executive homes ranging from the mid to high $200s to $600s. Regent Homes plans to develop a range of homes that include attainable prices to cater to buyers such as the millennials who are now getting married and searching for a residence. Regent Homes anticipates completing a total of 2,000 housing units in the masterplan, with 150+ homes anticipated to be completed and sold in 2022.
Since 2000, Davidson County’s population has grown by 16% and is now home to over 650,000 residents. With a strong focus on public safety, public schools, and economic development, the region is vibrant with a diverse economy, a quality workforce, low taxes, and strong growth potential.
Nashville is also home to the second-largest music production center in the U.S. and more than 300 health care companies. The city was ranked No. 5 on Forbes’ list of Best Places to Work for Business and Careers. Also known as the “Athens of the South,” Nashville is home to 21 accredited undergraduate institutions that produce over 17,000 annual graduates.
Walton continues to play an essential role in administering land investment projects with just-in-time inventory within the fastest growing metropolitan areas, like greater Nashville, in the U.S.