PHOENIX – Walton, a real estate investment and land asset management company with US$3.4 billion and more than 98,000 acres under management and administration in North America, recently announced the closing of 275 acres in the city of Concord in North Carolina. M/I Homes, a national home builder, acquired the property with plans for a residential development to be called Annsborough Park. 
 
Located in Cabarrus County, the property sits approximately two miles from Interstate 85 and 6.5 miles from Interstate 485/Governor James G. Martin Freeway, which provides access to the Charlotte metropolitan area. 
 
Walton’s General Manager of the Mid-Atlantic area, Adam Morman, said, “We could not be more excited to support M/I Homes to bring new homes to the city of Concord.” He added, “This area of North Carolina continues to grow and this community will be a great addition and supply needed home inventory.” 
 
Annsborough Park will feature 300 single-family homes. The community will offer an amenity center with a pool, neighborhood pocket parks, stormwater quality ponds, and other natural areas.  Sales are expected to begin in mid-to-late 2022. 
 
“The Concord-Kannapolis region has been very successful for M/I, with a great deal of customer demand for homes here,” says George Schulmeyer, Area President of M/I Homes in Charlotte. “We’re very pleased to partner with Walton to bring new homes to this thriving community.”  
 
Other M/I communities in Concord-Kannapolis include Allen Mills, Brookvue, Edenton and Summers Walk. 
 
Home of NASCAR’s Charlotte Motor Speedway, Concord, the second-largest city in the Charlotte metropolitan area, offers the perfect pairing of adrenaline rush and relaxation.