Walton Global Closes on Sale of Nearly 140 Acres Near Austin
Walton Global, a real estate investment and land asset management company and sponsor of private placement investments, announced the sale of nearly 140 acres within the Cotton Gateway Master Planned Community in Caldwell County, Texas. The buyer was homebuilder Lennar.
The entire master plan, originally consisting of 510 total acres, contains a mix of single-family and multifamily property opportunities. Lennar has purchased 273 lots zoned for single-family residential purposes. Located nearby is Lennar’s Whisper Residential, which contains homes priced between $300,000 and $445,000 and features amenities including a community pool, playground, basketball court, and a park.
“The vision for the Cotton Gateway Master Planned Community is to seamlessly blend the array of residential offerings with the commercial, retail, and industrial components in order to create a vibrant mix of opportunities within the community,” said Barry Dluzen, executive vice president of real estate for Walton Global. “We’re excited to be taking this next step with Lennar to bring this dynamic landscape to life.”
The Cotton Gateway Master Planned Community is situated near a variety of educational institutions such as Texas Preparatory School, Alma Brewer Strawn Elementary School, Lockhart Middle School, Lockhart High School, and Texas State University, as well as multiple retail offerings including the San Marcos Premium Outlets.
The community is in close proximity to the region’s major transportation corridors as well as the San Marcos Regional Airport. It is conveniently located just under 25 miles south of Austin and a mere 4.3 miles east of Interstate 35. It possesses frontage along State Highway 21, seamlessly linking I-35 and State Highway 130 Tollway.
Walton Global remains committed to upholding its 23 assets within Texas to further support the state’s continued expansion, including Texas Growth 1 DST, an 130-acre Delaware statutory trust known as Reese; land in Rhome; and the Longhorn Estates in Fort Worth. Walton also said it maintains its dedication to developing solutions aimed at cultivating and preserving sustainable communities within major paths of growth across the nation.
Walton Global is a privately-owned, land asset management and global real estate investment company with more than 93,000 acres of land under ownership, management and administration in the United States and Canada, totaling $3.4 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 82 countries.
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