Walton Global has acquired a 187.7-acre parcel in Bolivia, N.C.
The property, known as Mariners Reach, consists of 457 lots entitled for residential activity, with development scheduled to start in fourth quarter 2023.
The Mariners Reach acquisition is an important milestone for Walton Global’s Builder Land Financing program, a new land-investment business line that the company launched in 2020 to help homebuilders across the country secure land and hold it until they are ready to build new homes.
“Walton Global is thrilled to embark on the next phase of the Builder Land Finance Program, beginning with the acquisition of Mariners Reach,” said Michael Slavotinek, vice president, asset management for Walton Global. “We foresee a wealth of fresh opportunities that will benefit both investors and homebuyers proven by our track record under this program. Our continued collaboration with homebuilders will usher in an exciting era of growth and innovation for t