Top National Home builder to Develop New Homes in the city of Crowley
SCOTTSDALE (March 31, 2022) – Walton Global, a real estate investment and land asset management company with US$3.4 billion under management, has acquired 296 acres located in Crowley, Texas, about 20-minutes south of downtown Fort Worth, at West Cleburne Road and Longhorn Trail. The property named Sewell is planned for residential development by a top national home builder.
“This property represents a natural extension of the path of development in south Fort Worth, complementing Walton’s Rock Creek Ranch master plan to the west, and Southfork Estates to the east,” said David Peter, executive vice president, special projects with Walton. “Walton and the builder on this project remain very bullish on the market in Fort Worth, and the entire greater Dallas-Fort Worth market.”
Walton’s strategy enabled the home builder to identify the Sewell property as prime real estate for residential development and ask Walton to secure the land while the builder begins their processes of preparing to develop without worry of losing the property. Walton’s purchase of the acreage includes an exit-focused letter of intent for the pre-development land from the home builder.
“This is the first of what we hope will be many builder-brought investments in the future,” Ed Hadley, Walton’s executive vice president, real estate added.
Located just west of the property are grocery stores, a pharmacy and other daily commercial services. The Texas Health Huguley Hospital Fort Worth South is also nearby, while traveling north toward Fort Worth on Chisholm Trail Parkway or I-35W will provide access to other amenities. Crowley, in Tarrant County, is part of the Fort-Worth-Arlington-Grapevine metropolitan division of the larger Dallas-Fort Worth metroplex. Along with its proximity to Fort Worth, the Sewell property is about 45 minutes from downtown Dallas and the DFW International Airport.
The Crowley land acquisition of Sewell immediately east of Walton’s Rock Creek Ranch master plan adds to Walton’s owned or administered land in Texas and across the United States, providing a scalable land acquisition platform to support home builders with just-in-time inventory.