Walton
International Group Inc. announced 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