Calgary, Alberta, Canada (PRWEB) March 10, 2010
Walton International Group Inc. today announced the successful completion of unit placements in Walton AZ Silver Reef Limited Partnership 2.
Walton AZ Silver Reef Limited Partnership 2 attained a final closing on September 25, 2009, and involves 1241 investors. The property is part of a 1,478-acre master planned community informally known as Silver Reef.
Silver Reef is strategically located in Pinal County within the city limits of the City of Eloy, Arizona. The Silver Reef Limited Partnership 2 project is situated adjacent to the city of Casa Grande in the Phoenix-Tucson I-10 corridor, one of Arizona’s fastest-growing areas.
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 26 Arizona land projects in the strategic Phoenix–Tucson area, encompassing a total of approximately 6,000 acres of land. As with other Walton projects, Walton companies continue to act as manager of the Silver Reef project on behalf of the limited partners and landowners, and maintains a significant ownership interest in the property alongside limited partners and landowners.
Over the past year, Walton has announced the completed syndication of 14 land-based real estate investment projects in Georgia, Texas, Arizona and Ontario. This Walton AZ Silver Reef Limited Partnership 2 closing follows announcements of completed land syndications for the Walton Ottawa Region Limited Partnership, Walton AZ Toltec LP/LLC, Camino Real Phase 1, Phoenix Sawtooth View 1, Walton Bluff Springs Land LP, Walton AZ Silver Reef LP 3, Walton GA Arcade Meadows LP 1, Roseburgh Phase 1, Walton West Palmilla LP, Arcade Meadows Phase 1, Oakridge Phase 5, Walton USA Cottonwood LP, and Walton Europe Landentwicklung Ottawa 3 GmbH & Co. KG.
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 53,600 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 $2.1 billion of land (CAD $2.4 billion) in Alberta, Ontario, Arizona, Texas and Georgia with over 62,600 investors and clients.
# # #