Walton Global Launches New North Carolina Growth 2 DST with Nearly 215 Acquired Acres
New land supporting residential development within Pitt County
Walton Global, a leader in global real estate investment and land asset management, today announces the launch of its North Carolina Growth 2 DST focused on land-based investments in Greenville, North Carolina. Known as Allen Tract, this Pitt County offering includes 215 acres of land intended for residential development.
Located just six miles southwest of downtown Greenville, Allen Tract promises to be a key development in a city known for its vibrant community and robust economic growth. This acquisition reflects Walton’s confidence in Greenville as an emerging hub for residential appeal and investment potential.
Allen Tract is optimally positioned near major landmarks and infrastructures, being a few miles from ECU Medical Center, Downtown Greenville, Pitt-Greenville Airport and East Carolina University, which enrolls roughly 29,000 students. Its proximity to significant employment centers, which is approximately a 15-minute drive, adds to the location’s attractiveness for potential homeowners.
The property is currently zoned as rural residential in Pitt County, with plans underway to annex it into The City of Greenville with a planned development zoning adjustment, a move supported by city planning officials. This zoning adjustment will pave the way for the development of a residential community tailored to enhance the small-town feel while providing access to Greenville’s full suite of amenities, including shopping, restaurants, parks and nightlife.
Utilities are set to serve the future community, with sewer services including a public lift station readily available onsite, and water supply secured from the Bell Arthur Water Corporation.
“Greenville offers an ideal blend of affordability, convenience and lifestyle – factors that are increasingly important to today’s homebuyers,” said Mike Doherty, Executive Vice President of Land Acquisitions at Walton. “With the anticipated price range of homes set between $250,000 to $360,000 and various homesite options available, Allen Tract is poised to meet the growing demand for quality residential space in the region.”
The vision for this property is to develop it into a thriving residential neighborhood to assist in counteracting the imbalance between the supply in demand of affordable homes in the U.S. housing market. Future residents will benefit from both the peaceful ambiance and close-knit community and the proximity to urban conveniences and employment opportunities. Walton is committed to forging strong community relations and ensuring that the development meets and exceeds the expectations for quality living spaces in Greenville.
