D.R. Horton purchased the land, located in the city of Uhland
SCOTTSDALE – Walton Global, a real estate investment and land asset management company with US$3.4 billion under management, has sold approximately 47 acres of land in the city of Uhland, Texas to D.R. Horton, the largest homebuilder by volume in the U.S., for a residential community. The project, which Walton had called Anderson, is in Hays County and will now be known as Marigold.
This transaction is the first phase of residential development from a master plan totaling 82 acres. D.R. Horton entered into an option agreement with Walton for 78 acres of the land, and Walton is retaining the remaining 4 acres that is currently for sale for commercial use.
“The entire South Austin market is experiencing rapid growth, and we are pleased to help feed the pipeline with land and ultimately new homes,” said David Peter, executive vice president, with Walton Global. “The overall plans are expected to include 430 homes and additional commercial lots along the Highway 21 frontage.”
The master planned community is near highways with easy access to two of the larger cities in Texas: Austin and San Antonio. It is about 35 kilometers south of Austin in the high growth Interstate 35 and State Highway 130 corridors between Austin and San Antonio. It has frontage on State Highway 21, which is an all-direction connector between Interstate 35 and State Highway 130.
“We are excited to be working with the Walton team and appreciate their strategic investments which help support our ability to provide much-needed housing at affordable price points in the Uhland market,” said, Scott Wilburn, D.R. Horton Austin Division President.
The sale of the approximately 47 acres adds to a string of recent transactions in Texas for Walton Global that includes properties in the San Antonio and Dallas-Fort Worth regions. The company’s focus on this high-demand real estate market has allowed them to facilitate both homebuilder and investor projects.
“Texas has continued to be an important market for our company, our investors and for builders,” said Peter. “And we look forward to many more successes throughout the year.”