Walton, a leading land asset management and global real estate investment company based in Scottsdale, Ariz., has completed a bulk sale of the 319-acre Vista Ranch property located in the city of Casa Grande, Ariz. The sale is part of Walton’s fund structure titled U.S. Land Fund 3.
Walton’s U.S. Land Fund 3 was formed in June 2012 to acquire land in strategic submarkets near key U.S. metro areas. The fund currently holds interest in five properties totaling 2,441 acres in Arizona, Florida, North Carolina, and Maryland. A total of approximately $13 million is anticipated to be distributed to investors in the fund within 60 days of the closing date, which was October 15, 2021.