CALGARY - (Business Wire) Walton International Group Inc. announced today the successful completion of unit placements in Walton AZ Silver Reef Limited Partnership 3. Walton AZ Silver Reef Limited Partnership 3 attained a final closing on April 24, 2009, and involves USD $15,798,690 invested directly or indirectly by 555 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 project is situated adjacent to the city of Casa Grande in the Phoenix-Tucson I-10 corridor, one of Arizona’s fastest-growing regions.
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 15 Arizona land projects in the strategic Phoenix–Tucson area, encompassing a total of approximately 4,003 acres of land. So far in 2009, Walton has announced the completed syndication of six projects in Texas, Arizona and Ontario. The Walton AZ Silver Reef LP 3 closing follows the completed land syndications of the Ottawa Region Limited Partnership, Camino Real Phase 1, Walton AZ Toltec LP/LLC, Phoenix Sawtooth View 1 and Walton Bluff Springs Land, LP projects.
About Walton: Walton International Group Inc., Walton International Group (USA) 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 49,300 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 $2.1 billion of land in Alberta, Ontario, Arizona, Texas and Georgia with over 54,200 investors and purchasers.
For more information, please visit www.waltoninternational.com
Walton International Group Inc.
Rita Mezzanotte, +1-647-826-1356
Mobile: +1-647-308-5549
rmezzanotte@waltoninternational.com
