Walton Global Holdings Ltd., Phoenix, and its affiliates (collectively Walton), a real estate investment and land asset company with $3.8 billion under management and administration, has announced its first Builder Option Land Development fund (the BOLD Fund), with an investment objective of acquiring land for future sale to home builders throughout the United States.
The BOLD Fund offers investors the opportunity to participate in the current growth of the home building market in the U.S. The fund will acquire properties identified by large volume U.S. home builders for near term residential development projects through a predetermined exit strategy. The land is then expected to be sold to those same builders in phases with an adjustable takedown schedule and flexible payment options. BOLD Fund investors are anticipated to receive annual distributions as homes are developed and sold by the builders.
“Our new BOLD Fund provides home builders with a land acquisition opportunity to work alongside an international real estate investment and asset management company for securing a land pipeline with a minor upfront capital contribution impact, during what we see as the biggest housing demand in recent history,” said Bill Doherty, CEO, Walton Global Holdings.
