West Palmilla is 17th land syndication project completed by Walton in Arizona growth corridor
CALGARY, Alberta--(BUSINESS WIRE)--Walton International Group Inc. announced today the successful completion of unit placements in the Walton West Palmilla Limited Partnership.
The Walton West Palmilla Limited Partnership attained a final closing on May 15, 2009, and involves USD $8,784,250 invested directly or indirectly by 150 investors. The property is part of an 1190-acre master planned community informally known as Palmilla.
Walton West Palmilla Limited Partnership is strategically located in Pinal County within the city limits of the City of Eloy, Arizona. The project is situated along the Phoenix-Tucson I-10 corridor, a major commercial thoroughfare and traffic corridor for the region.
Walton has been researching and participating in North American real estate markets for thirty years, and identifying strategic land in Arizona for almost a decade. For years, Arizona has been one of the USA’s strongest economic growth regions, and is expected to continue being so in the future, given Arizona’s long-term fundamentals in employment, population, economics, and housing affordability. Over the last 5 years, Walton and its affiliates have syndicated 17 Arizona land projects in the strategic Phoenix–Tucson area, encompassing a total of approximately 4,120 acres of land.
So far in 2009, Walton has announced the completed syndication of nine land-based real estate investment projects in Georgia, Texas, Arizona and Ontario. The Walton West Palmilla Limited Partnership closing follows announcements of completed land syndications for the Ottawa Region Limited Partnership, Camino Real Phase 1, Walton AZ Toltec LP/LLC, Phoenix Sawtooth View 1, Walton Bluff Springs Land, LP, Walton AZ Silver Reef LP 3, Walton GA Arcade Meadows LP 1, and Roseburgh Phase 1 projects.
About Walton: Walton International Group 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 49,600 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 USD $1.8 billion of land (CAD $2.1 billion) in Alberta, Ontario, Arizona, Texas and Georgia with over 54,700 investors and clients.
For more information, please visit www.waltoninternational.com
Contacts
Walton International Group Inc.
Rita Mezzanotte, 1-647-826-1356
Cell: 1-647-308-5549
rmezzanotte@waltoninternational.com