Walton expanded its Builder Option Land Development Funds to raise capital to acquire land determined for residential development by US homebuilders.
The BOLD Funds collectively total $500 million, with $250 million allocated for US investors and another 250 million in an offshore fund for non-US resident investors. The funds are intended to acquire properties that US homebuilders mark to be used for near-term residential development. The land will be sold to those builders in phases with a schedule and flexible payment terms. Distributions are made to investors as the homebuilders develop and sell the homes.
"Homebuilders are able to improve their ROI by better aligning land inventory costs with cash flow from home sales and investors benefit from a diversified source of cash flow," said Bill Doherty, CEO of Walton Group of Companies. Walton, a real estate investment and land asset management company, manages and administers $3.39 billion of real estate assets in North America.
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