Walton Global Sells Florida Master Plan Acreage to Regional Healthcare System

Walton Global, a real estate and land asset management company and sponsor of private placement investments, has finalized the sale of 20 acres within the Ridgewood Lakes master plan in Davenport, Fla. The commercial parcel was acquired by BayCare, a not-for-profit healthcare system serving West Central Florida.

The transaction price was not disclosed.

BayCare plans to develop the site into a freestanding emergency department, offering emergency care and patient integration within the health system’s 16 hospitals.

“Access to high-quality healthcare is essential to every thriving community,” said Michael Slavotinek, executive vice president of real estate for Walton Global. “We are confident that BayCare’s plans to establish these critical medical services will greatly benefit the residents of Ridgewood Lakes, Davenport, and other surrounding areas.”

According to Walton, the sale marks “another key milestone” in Ridgewood Lakes, following two previous residential transactions. In June 2021, the company sold 52 acres to D.R. Horton for the development of Danbury at Ridgewood Lakes, a townhome community offering homes starting in the low $300,000s. In September 2021, the company sold an additional 52.5 acres for the Atria II community, a gated townhome development with amenities such as an onsite tavern and proximity to the White Oaks Golf Club.

Located along U.S. Highway 27, a major north-south route connecting key cities throughout Polk County and Central Florida, Ridgewood Lakes offers excellent access for residents and businesses alike.

As a land banking firm, Walton leadership said it remains dedicated to advancing sustainable development within high-growth communities across the nation.

Earlier this week, Walton completed the sale of nearly 30 acres within an expansive 680-acre master plan in Spotsylvania County, Va. The site was bought by PowerHouse Data Centers, a real estate developer for next-generation hyperscale data centers. Earlier this month, AltsWire reported Walton’s sale of master plan land in Caldwell County, Texas. The property, known as Cotton Ridge, was sold to Stafford Development and is part of the larger Cotton Center master plan that spans over 2,000 acres.

Walton Global is a privately owned land asset management and global real estate investment company with more than 89,000 acres of land under ownership, management, and administration in the United States and Canada, totaling $4.54 billion. Globally, a total of $2.81 billion has been distributed to investors located in 91 countries.

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