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Walton Global Acquires 111 Acres in Arizona

Walton Global Acquires 111 Acres in Arizona. Alternative Investments, Commercial Real Estate, Investment, Investing, Land, Private Equity, Private Placement, Reg D, Regulation D, Walton, Walton Global

Walton Global, a real estate investment and land asset management company, announced its new land acquisition of just over 111 acres in Maricopa, Arizona in the Greater Phoenix Metropolitan Area.

Known as “Elena Trails,” Walton says that the property is estimated to consist of over 450 homes, with the new development to consist of a wide and diverse range of housing options on various lot sizes.

According to the company, this acquisition represents significant traction for Walton Global’s Builder Land Financing Program, a new land investment business line the company launched in 2020. This initiative was designed to assist homebuilders nationwide in securing land assets until they are prepared to begin the horizontal development and vertical construction of new homes.

“Walton Global takes pride in the momentum our Builder Land Finance Program has achieved this year, and the Elena Trails acquisition stands as another significant milestone in the expansion of this business line,” said Paul Bae, vice president, portfolio management for Walton Global. “While we’re ending the year on a strong note, we’re eagerly anticipating the beneficial opportunities this program will bring to investors, homebuilders, and ultimately homebuyers in 2024.”

Situated on the southeast corner of Murphy Road and Farrell Road in Maricopa, Elena Trails is a well-planned community with zoning and preliminary plat approvals already in place. The company states that all of the estimated 456 residential lots are free from floodplain constraints, which should help to mitigate common challenges experienced in the Maricopa submarket. Upon completion, the development should cater to a wide range of buyers, including first-time homebuyers, with prices estimated to start in the low $300s.

Pinal County offers a business-friendly environment and an overall affordable cost of living. It has become a manufacturing and technology hub, which continues to generate a large volume of construction jobs and other high-paying, long-term employment opportunities. With Elena Trails in the northwest quadrant of Pinal County, residents will also benefit from proximity to Highway 347 and I-10, providing accessibility to Phoenix.

Elena Trails also sits near the recently built Tortosa Master Planned Community, which was constructed on land previously owned by Walton Global and sold to homebuilder D.R. Horton.

This acquisition is just the latest transaction in what has been a busy year for Walton. As previously reported by The DI Wire, Walton sold a 329-acre parcel in Virginia earlier this month, along with a 151-acre parcel in October. Walton also launched multiple new offerings this year, including a California DST offering and an EB-5 program.

Walton Global is a privately owned land asset management and real estate investment company with $3.37 billion in assets under management and more than 90,000 acres of land under ownership, management, and administration in the United States and Canada.

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