D.R. Horton buys land in Maricopa

Rendering via Walton Global

By Angela Gonzales | Phoenix Business Journal

Texas builder D.R. Horton Inc. (NYSE: DHI) bought 111 acres from Scottsdale-based Walton Global with plans to build 456 homes within Elena Trails in the city of Maricopa.

The transaction to acquire the land was complex. First, according to Tempe-based Vizzda LLC real estate database, Walton Global Holdings paid $8.7 million in cash in mid-December to HBE Farms LLC, an entity tracing to Rudolph Ramsey Echeverria for 111.3 acres at the southeast corner of Murphy and Farrell roads in Maricopa.

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February 2024
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