Walton Global and Rockpoint form $300m BTR JV

Walton Global has formed a joint venture with Rockpoint for the growing demand for single-family homes in the form of rental communities across the United States. Rockpoint intends to invest up to $300 million in equity in Walton’s build-to-rent (BTR) line of business that is expected to total up to $1 billion in real estate assets.

Walton’s BTR platform was launched in 2021 with the goal of offering new housing solutions in high demand home and rental markets. The joint venture is initially focusing on targets within Walton’s existing Master Plans and more than 81,000-acre land portfolio across the U.S.

Walton has an initial pipeline of approximately 3,500 units in expanding MSAs such as Atlanta, Austin and Jacksonville, that are targeted to be part of the joint venture. To execute the BTR strategy, the joint venture is partnering with top national and regional home builders to develop the communities.