Intercontinental trader will take large property in Cedar Hill

A Canada-primarily based land investor and developer has snapped up 400 acres in Cedar Hill, southwest of Dallas.

Walton Team Holdings Ltd., a serious estate financial investment and land asset administration company with nearly $3.39 billion in holdings in North The usa, has ordered 400 acres on Lake Ridge Parkway close to Joe Pool Lake.

The assets, which is west of U.S. Freeway 67, is prepared for 1,100 one-family homes.

Walton said it has determined a “top builder” that will consider the greater part of the land. And the agency is in negotiations for income of other parts of the home to rental residence and senior housing builders.

“We are excited to work with this national homebuilder on shifting the Cedar Hill improvement forward to produce additional residential possibilities in this dynamic market place area,” Brad Wiley, senior land acquisition supervisor for Walton, reported in a assertion.

Vanguard Authentic Estate Advisors brokered transaction.

Walton has other houses in Ellis County, around Austin and Houston and in the San Antonio spot. The company also has holdings in Fort Worth’s Chisholm Trail Ranch.

Walton has earlier offered North Texas enhancement web pages to builder D.R. Horton.

Walton has 85,000 acres situated across the United States. The organization has been in business for more than 40 many years.

D-FW home starts are up by more than a third from last year.