Walton Global Expands North Carolina Presence With Riverlake Acquisition
Walton Global, a real estate and land asset management company and sponsor of private placement investments, has announced the acquisition of Riverlake, a residential-zoned property located in Bolivia, Brunswick County, N.C.
The acquisition includes 45 lots funded by Walton’s Finished Lot Program alongside GoldenTree Asset Management, a global asset management firm with a track record in alternative credit strategies. The purchase price was not disclosed.
The Finished Lot Program, under Walton’s broader Builder Land Finance structure, is designed to provide homebuilders with a customized lot banking solution that enhances capital efficiency. By alleviating the upfront burden of land acquisition, the company said the program enables builders to allocate more capital directly to home construction. The program is reportedly supported by a nationwide term sheet endorsed at the corporate level by participating builders.
According to Walton, Riverlake is well-positioned to meet rising the residential demand, strategically located near the rapidly expanding New Hanover County and the Wilmington metropolitan area. The region has experienced a compound annual population growth rate of 1.3% since 2022, accompanied by a 7% increase in average household income in New Hanover County over the past three years.
“This acquisition is another step in identifying and delivering real estate solutions in markets with significant growth opportunities,” said Michael Slavotinek, executive vice president, real estate of the East Region at Walton Global. “We are excited to help create communities where people can thrive.”
Riverlake’s development aligns with the economic momentum of the region, which is supported by sectors such as education and health services, manufacturing, finance, and aerospace. The project is envisioned as a modern and comfortable community, according to Walton, offering amenities that appeal to a wide range of residents drawn by the area’s natural beauty and expanding economic opportunities.
Walton Global is a privately owned land asset management and global real estate investment company with more than 80,000 acres of land under ownership, management, and administration in the United States and Canada, totaling $4.53 billion. Globally, a total of $2.67 billion has been distributed to investors located in 92 countries.
For more Walton news, please visit their directory page.
