Walton Distributes Funds to Shepard LP Investors
Walton is distributing a total of $9.6 million, including $7.6 million to limited partners, to investors in Walton's Shepard Limited Partnership as of the record date of March 31, 2009.
Calgary, AB (PRWEB) April 11, 2009 -- Walton International Group Inc. is pleased to announce the distribution of funds to investors in Walton's Shepard Limited Partnership.
Walton is distributing a total of $9.6 million, including $7.6 million to limited partners, to investors in Walton's Shepard Limited Partnership as of the record date of March 31, 2009.
This is the fifth distribution to Shepard partners, bringing the cumulative distributions to Shepard limited partners to $63.8 million. This represents an average annual compound rate of return of 13.46%, based on the limited partners' related aggregate initial investment of $8.7 million in 1992. (The land was originally purchased in 1992 as undivided interests for a total of $9.8 million, and in 2002 was converted into the Shepard Limited Partnership at a valuation of $21.3 million.)
Walton's Shepard Limited Partnership was formed to develop 1,494 acres of land in Southeast Calgary into limited-service industrial lots for sale to end-users. Known as the Shepard Business Park, Phase 1 consisted of 119 acres in 21 industrial lots and was completed in 2004. In 2006, 971 acres were sold to the City of Calgary. Phase 2 consisted of 126 acres in 25 industrial lots and was completed in 2007. Phase 3 consisted of 149 acres in 31 lots, and has been substantially completed.
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 49,200 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 $2 billion of land in Alberta, Ontario, Arizona, Texas and Georgia with over 53,600 investors and purchasers.
For more information, please visit www.waltoninternational.com
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