Walton Global, an Arizona-based real estate investment and land asset management company and sponsor of private placement investments, announced the sale of 81.61 acres within Grayson County, Texas, to Centurion American Development Group, a Texas-based real estate developer.
According to Walton Global, the property, located near the expansive 1,400-acre Cottonwood Master Planned Community, will support the development of much-needed residential housing in the rapidly growing area. Walton also said that the property benefits from a designated municipal utility district, providing a competitive financial advantage over developments without similar cost reimbursement mechanisms.
“North Texas has become an increasingly desirable destination as more people seek the tranquility of suburban living while remaining connected to Dallas’ vibrant urban amenities,” said Rob Nixon, senior vice president of real estate for Walton Global in Texas. “This sale near the Cottonwood Master Planned Community marks an important milestone in addressing the growing demand for housing and supporting the expansion of the region.”
Located just 55 miles north of Dallas and eight miles south of downtown Sherman, the 1,400-acre Cottonwood Master Plan is a thoughtfully designed mixed-use community integrating residential housing, parks, commercial spaces, and office hubs. The new development, which is located in nearby Howe, Texas, is adjacent to some of the city-owned athletic facilities and will contain open spaces, trails, an amenity center, and a recreational area. The community is also adjacent to a Howe Independent School District site, which is anticipated to become a middle school campus.
Walton further stated that the acreage is situated between Highway 75 and 2.3 miles east of Highway 289, offering convenient access to the area’s major roadways. They also offer direct access to other thoroughfares such as FM 902, Hall Cemetery Road, and Farmington Road.
This sale is just the latest in a series of transactions for Walton. Most recently, the company acquired 86 single-family lots in Florida. Similarly, in March, the company launched its $4.5 million Florida Growth 1 DST while also selling a 38-acre master-planned community known as Kenwood Village, along with a 90-acre portion of the Westphalia Town Center Master Plan, both located in Maryland.
Walton Global currently manages over 15,000 acres within the Dallas-Fort Worth area. The company works with homebuilders to identify plots of land across the country to support the continually rising demand. Globally, a total of $2.5 billion has been distributed to investors located in 87 countries.
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