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Walton Global Acquires Land Plots in Santa Rosa, DFW for Future Residential
Walton Global, a real estate investment and land asset management company, has acquired 155 acres of land for its Builder Land Financing (BLF) facility through funds managed by affiliates of Fortress Investment Group. The acquired land includes 140.85 acres in the Dallas-Fort Worth suburb of Rhome, TX known as North Star and 14.6 acres in Santa Rosa, CA known as Stonebridge.
In June of 2022, Walton Global announced funds for a $100-million capital allocation managed by Fortress as a part of its BLF business line. The closing of the Stonebridge and North Star properties mark the end of this capital allocation, which was upsized to advance more than $122 million.
Stonebridge and North Star are planned for residential development to bring new affordable homes to their respective areas by the largest homebuilder by volume in the U.S., D.R. Horton. Each property was a simultaneous closing with D.R. Horton, providing them with direct deeding upon Walton’s acquisition.
Located in the northwestern portion of Santa Rosa at 2220 Fulton Rd., Stonebridge has an estimated 108 lots slated for single-family detached and duet homes.
- ◦Development
