Walton Global, a real estate investment and land asset management company, announced the sale of Longhorn Estates, a 151-acre parcel located in Southwest Fort Worth, Texas.
Sold to homebuilder D.R. Horton, Walton Global says the land is slated for residential development of 398 single-family detached homes. The company says this represents the first two phases of what is anticipated to be a four phased development with nearly 1,000 homes.
The residential development, located at West Cleburne Crowley Road and South Hulen Street, is situated approximately 20 minutes from downtown Fort Worth and within proximity to The Shops at Chisholm Trail and The Crossing at Chisholm Trail, as well as several large parks. In addition to Longhorn Estate’s residential development, the land has two commercial sites still available for further community buildout. The 3.1 and 2.9 acres of land are both zoned for neighborhood commercial.
“We are excited to start delivering homes in the Longhorn Estates community, which is currently expected during late 2024,” said Todd Horton, division president, D.R. Horton’s DFW West. “Our ability to provide homes and amenities to the Southwest Fort Worth area is something we are incredibly proud of and look forward to continuing.”
In connection, located just west of Longhorn Estates, Walton Global has also recently completed the sale of Rock Creek Ranch West, an 82-acre parcel for residential development. Also sold to D.R. Horton, this land represents the first residential phase of the 1,767-acre Rock Creek Ranch West Master Plan community. Aside from the residential development parcels, the company says there are approximately 400 acres within the Rock Creek Ranch West Master Plan designated for retail and other commercial mixed-use purposes, including office space, with some parcels still available for sale. This closing marks the first of many transactions planned to close at Rock Creek Ranch West, which is owned by Walton U.S. Land Fund 4.
Over the next decade, Walton Global and D.R. Horton plan to deliver approximately 4,600 single-family homes in the Southwest Fort Worth market, as well as another 2,000 to 3,000 multi-family homes, providing the community with a myriad of opportunities for both renting and buying.
Walton Global is a privately-owned land asset management and real estate investment company with $3.4 billion in assets under management.