Project marks completion of Walton’s twenty-fourth Texas land syndication
CALGARY, Alberta--(BUSINESS WIRE)--Walton International Group Inc. and Walton International Group (USA) Inc. today announced the successful completion of placements of limited partnership units in Walton Bluff Springs Land, LP.
Walton Bluff Springs Land, LP attained a final closing on April 9, 2009, with USD $5,628,910 invested directly or indirectly by 137 investors.
Walton’s Bluff Springs land is strategically located near the city of Red Oak in Ellis County, Texas, about 20 miles south of Dallas. The property is situated near I-45, the Interstate highway connecting Dallas to Houston, and I-35, a busy NAFTA trade corridor running from Mexico to Canada. The Dallas hub has historically been a strong economic growth centre and continues to demonstrate indicators of future employment and growth potential.
Over the past three years, Walton and its affiliates have now completed the syndication of 24 Texas land projects in the strategic Dallas-Fort Worth and San Antonio-Austin areas, encompassing a total of 8,154 acres of land. Walton also has a further eleven partially-syndicated Texas land projects.
To date in 2009, Walton and affiliates have announced the completed syndication of five land projects in key real estate markets in Texas, Arizona and Ontario. This Bluff Springs announcement follows earlier disclosure of completed land syndications for the Ottawa Region LP, Camino Real Phase 1, Walton AZ Toltec LP/LLC, and Phoenix Sawtooth View 1 projects.
About Walton: Walton International Group Inc., Walton International Group (USA) Inc., and the other members of the Walton group of companies constitute one of North America's leading land-based real estate investment groups. Over the past 30 years, Walton firms have acquired more than 49,300 acres of quality land strategically located in the development path of some of North America's leading urban growth areas. Walton companies are innovative leaders in the research, selection, acquisition, syndication, planning, development management and sale of land, having to date syndicated over $2.1 billion of land in Alberta, Ontario, Arizona, Texas and Georgia with over 54,200 investors and purchasers.
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