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A Canada-based land investor and developer has snapped up 400 acres in Cedar Hill southwest of Dallas
Walton Group Holdings Ltd, an actual property funding and land asset administration firm with nearly $3.39 billion in holdings in North America, has bought 400 acres on Lake Ridge Parkway close to Joe Pool Lake.
The property is deliberate for 1,100 single-family houses and is west of U.S. Freeway 67.
Walton mentioned it’s recognized a “high builder” that can take nearly all of the land. And the agency is in negotiations for gross sales of different components of the property to rental dwelling and senior housing builders.
“We’re excited to work with this nationwide homebuilder on transferring the Cedar Hill growth ahead to create further residential choices on this dynamic market space,” Brad Wiley, Senior Land Acquisition Supervisor with Walton, mentioned in a press release.
Vanguard Actual Property Advisors brokered transaction.
Walton has different properties in Ellis County and close to Austin, Houston and San Antonio space.
The corporate additionally has holdings in Fort Value’s Chisholm Path Ranch.
Walton has beforehand bought North Texas growth websites to builder D.R. Horton.
Walton has 85,000 acre throughout america. The corporate has been in enterprise for greater than 40 years.
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