Walton Global Acquires 60 Acres in Tucson for Residential Development

Walton Global – a real estate investment and land asset management company and sponsor of private placement investments – acquired just over 60 acres in Pima County, Ariz., for the development of new single-family homes.

The new property, known as Redford Estates, is allocated for Walton Global’s builder land financing program. The program acquires land identified by builders and developers and enters into option agreements with them for the future purchase of lots in phases. Investors receive annual cash flow as each option agreement is exercised, allowing them to have an all-equity position in a multi-property portfolio with diversified asset types and geographic locations.

Redford Estates has a total of 276 lots, which are slated for residential development. The project will be developed in two phases with 144 lots in Phase 1 and the remaining 132 lots in Phase 2.

According to Walton, the land will be beneficial for future members of the neighborhood. With positioning near the crossroads of South Cardinal Avenue and West Valencia Road, residents can expect a 15-minute commute to the Tucson International Airport, 14 minutes to South Tucson, and easy access to major employers including the Amazon Fulfillment Center and Davis Monthan Air Force Base.

Redford Estate is also less than 20 minutes away from crucial services including Banner University Medical Center and a veterans hospital; and minutes away from GracePointe, Miller, and Frances J. Warren elementary schools and William J. Pistor Middle School.

“We’re thrilled to provide new opportunity to the community and look forward to Redford Estates joining the existing popular neighborhoods in the region,” said Paul Bae, vice president, portfolio management for Walton Global. “We’ve seen a strong increase in Pima County and expect this to continue within the coming years. Our goal is to jumpstart these developments in high-growth areas so that they can be well-prepared for that population spike.”

Walton Global is a privately-owned, land asset management and global real estate investment company with more than 90,000 acres of land under ownership, management and administration in the United States and Canada, totaling $3.3 billion. With more than 45 years of experience, Walton has a proven track record of land investment projects within the path of growth in the fastest-growing metropolitan areas. A total of $2.3 billion has been distributed to investors located in 83 countries.

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