Walton Global Announces $100 Million Funding for Building Land with Fortress Investment Group

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Walton Global, a real estate investment and land asset management company with US$3.6 billion under management, is pleased to announce the closing of a $100 million facility provided by companies affiliated with funds managed by Fortress Investment Group LLC. The funds will be allocated to Walton’s Building Land Finance (BLF) business line to acquire properties in high-growth areas to support housing demand across the United States.

“This is such an important transaction for Walton as we continue to support our homebuilder partners to address a housing shortage that will take years to fill,” said Bill Doherty, CEO of Walton Global. “It is a pleasure for us to work with Fortress, a company with decades of experience in the US housing market and a deep understanding of the macroeconomic dynamics driving housing demand, which we believe will remain elevated. even in the face of a potential economic downturn. Our efforts will continue to promote affordable housing for consumers, while generating strong bottom lines and margins for our network of homebuilders. »

Walton has been actively identifying potential land acquisitions with a leading homebuilder since initiating discussions with Fortress.

Walton’s first facilities acquisition to use the Fortress facility closed in May 2022. The $9.5 million project, La Playa, is a development located in Hayward, Calif., in the county of Alameda in the San Francisco Bay Area, with plans to develop 47 new homes.

Walton plans to deploy the remaining capital in the coming months, with approximately seven targeted acquisitions in identified high-growth markets such as Phoenix and Seattle. The amount of the facility could also increase up to $150 million, an amount to be determined as additional properties are identified.

Walton’s BLF program provides solutions to land inventory needs by acquiring properties identified by builders and developers, and simultaneously entering into option agreements with them for the future purchase of lots in phases. Investors receive cash flow when each option agreement is exercised or houses are sold, which can happen within 6 to 24 months.

The strategy used to setup with Fortress is similar to Walton’s Builder Identified Land Target (BILT) fund launched in early 2022, which is currently offered to broker-dealers, registered investment advisers, institutional investors and family offices.

Doherty added: “We look forward to creating many new communities in the years to come as we work with Fortress and top national and regional builders to place this capital in areas that will make a difference.

About Walton Global

Walton Global is a privately-held land asset management and global real estate investment company focused on the sourcing, acquisition, administration, planning and development of land. With over 43 years of experience, Walton has a proven track record in administering land investment projects in the fastest growing metropolitan areas in North America. The company manages and administers $3.6 billion in assets on behalf of its global investors located in 73 countries, builders and developers and industry partners. Walton has more than 97,000 acres of land under ownership, management and administration in the United States and Canada with lines of business ranging from exit-focused pre-development land investments, land finance programs and construction for hire. For more information, visit walton.com.

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