Walton Global Sells 35 Acres to Meritage Homes at Lake Ridge Parkway

Walton Global, a real estate and land asset management company and sponsor of private placement investments, has sold 35 acres comprising 198 lots at Lake Ridge Parkway in Ellis County, Texas, to homebuilder Meritage Homes as part of the Phase 2 expansion of the master-planned community.

The community sits along the Highway 67 corridor, an area the company said is seeing expanding commercial development alongside residential growth. Homes within the community are expected to range from the mid-$300s to $500s.

“The Phase 2 sale within Lake Ridge Parkway demonstrates continued builder confidence in the Dallas-Fort Worth market,” said Rob Nixon, senior vice president of real estate at Walton Global. “It reinforces Walton’s commitment to delivering exceptional residential opportunities in the Hill Country of Dallas, a region offering breathtaking views and tremendous growth potential.”

Phase 1 of Lake Ridge Parkway includes a park, a lookout fire pit area, a resort-style pool, a clubhouse with a gym, lounge, and conference rooms, a splash pad, and a playground, according to the company.

The transaction extends Walton’s recent run of Dallas-Fort Worth land activity. In June, AltsWire reported that Walton added lots within Wildcat Ranch and Bluestem, both southeast of Dallas, as part of a 525-lot acquisition round across three states. That followed an eight-property Sunbelt acquisition reported in May, which included the Arbor Trails, Northspur, and Bluestem communities within the Dallas-Fort Worth metro.

The Lake Ridge Parkway sale also comes amid continued capital-raising activity at Walton. The company launched the American Builder Growth and Income Fund in February, a private placement offering targeting up to $500 million and structured around the same Builder Land Finance platform underpinning its lot sales to homebuilders like Meritage.

Walton Global is a privately owned land asset management and real estate investment company with more than 85,000 acres of land under ownership, management, and administration in the United States and Canada, totaling $4.44 billion. The company has distributed more than $3.05 billion to more than 87,000 investors worldwide.

For more Walton Global news, visit its directory page.