Walton sells homesites in Tortosa to D.R. Horton

Tortosa Subdivision, Maricopa, Ariz.

AZRE | AZBigMedia

Walton, a real estate investment and land asset company with $3.8 billion under management and administration, has sold 282 partially finished residential lots in the Tortosa master-planned community located at 36227 W. Picasso St. in Maricopa, Ariz. 

The property sale to D.R. Horton represents 282 of the more than 1,100 partially developed lots in Tortosa South. The Tortosa community features approximately 1,000 existing homes, and development in Tortosa South is likely to re-commence in 2020, with homes potentially under construction in 2021.

A Walton Managed Real Estate Fund originally purchased the Tortosa lots in 2014 from North Buckeye Properties IB, LLC of Phoenix, as part of an opportunistic distressed asset real estate fund that targeted land and vacant developed lots throughout the United States. 


Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories