{"id":238990,"date":"2021-09-15T19:26:25","date_gmt":"2021-09-16T02:26:25","guid":{"rendered":"https:\/\/waltonglobal.wpengine.com\/jp\/?p=238990"},"modified":"2022-02-08T14:37:35","modified_gmt":"2022-02-08T21:37:35","slug":"walton-acquires-199-acres-that-will-bring-new-home-inventory-to-bakersfield-california","status":"publish","type":"post","link":"https:\/\/walton.com\/jp\/walton-acquires-199-acres-that-will-bring-new-home-inventory-to-bakersfield-california\/","title":{"rendered":"Walton Acquires 199-Acres That Will Bring New Home  Inventory to Bakersfield, California"},"content":{"rendered":"<p><strong>SCOTTSDALE, Ariz.<\/strong>\u00a0\u2013 Walton, a leading global real estate investment, land asset management and administration company, has announced the acquisition of 199 acres in Highland Knolls located in Bakersfield, Calif.<\/p>\n<p>The Kern County property\u2019s boundary begins south of Highland Knolls Drive, north of College Avenue, and west of Morning Drive; a portion of the property is also north of Highland Knolls with frontage to Highway 78. It is conveniently located seven miles east of Highway 99, two miles west of Bakersfield Golf Club, and a six-minute trip east of downtown Bakersfield.\u00a0With the Highland Knolls land acquisition, Walton has an exit-focused letter of intent in place with a top national homebuilder that plans to build new homes on 169-acres of the property and an additional 30-acres is available for commercial development.<\/p>\n<p>\u201cThe Southern California real estate market continues to be a booming area of the country for development, and we couldn\u2019t be more excited about this acquisition in Bakersfield,\u201d said Walton\u2019s Executive Vice President of Land and Real Estate Acquisition, Barry Dluzen. He added, \u201cWe are always happy to support a premier homebuilder to bring needed home inventory to an increasing housing market and to accommodate the region\u2019s growth.\u201d<\/p>\n<p>One of California\u2019s hubs for agriculture and energy production Bakersfield is also known as the \u201cCountry Music Capital of the West Coast.\u201d The city is located at the southern end of the San Joaquin Valley on the Kern River. Residents can enjoy fine dining, outstanding shopping and exciting outdoor recreation in the mighty Sierra Nevada Mountain Range and the Sequoia National Forest.<\/p>\n<p>The Highland Knolls land acquisition continues to grow Walton\u2019s more than 81,000-acre owned and administered land portfolio across the United States, providing a scalable land acquisition platform to support homebuilders and developers with just-in-time inventory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the Highland Knolls land acquisition, Walton has an exit-focused letter of intent in place with a top national homebuilder that plans to build new homes on 169-acres of the property and an additional 30-acres is available for commercial development.<\/p>\n","protected":false},"author":1,"featured_media":239349,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-238990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsroom"],"acf":[],"_links":{"self":[{"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/posts\/238990","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/comments?post=238990"}],"version-history":[{"count":0,"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/posts\/238990\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/media\/239349"}],"wp:attachment":[{"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/media?parent=238990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/categories?post=238990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/walton.com\/jp\/wp-json\/wp\/v2\/tags?post=238990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}