Walton launches US housebuilder fund

BOLD Fund to support rising housing demand

PHOENIX, Dec 16, (AP): Walton Global Holdings Ltd and its affiliates (collectively Walton), a real estate investment and land asset company with $3.8 billion under management and administration, has announced its first Builder Option Land Development fund (the BOLD Fund), with an investment objective of acquiring land for future sale to homebuilders throughout the United States.

The BOLD Fund offers investors the opportunity to participate in the current growth of the home building market in the US The fund will acquire properties identified by large volume US homebuilders for near term residential development projects through a predetermined exit strategy. The land is then expected to be sold to those same builders in phases with an adjustable takedown schedule and flexible payment options.

BOLD Fund investors are anticipated to receive annual distributions as homes are developed and sold by the builders.

“Our new BOLD Fund provides homebuilders with a land acquisition opportunity to work alongside an international real estate investment and asset management company for securing a land pipeline with a minor upfront capital contribution impact, during what we see as the biggest housing demand in recent history,” said Bill Doherty, CEO, Walton Global Holdings.

According to the National Association of Home Builders (NAHB) Housing Market Index (HMI) and NAHB Chairman Greg Ugalde from November 2019, competition is heating up for single-family lots as builders continue to report positive conditions, spurred in part by low mortgage rates and continued job growth.