Walton Completes Georgia Land Sales for Arcade Meadows Phase 1
Second Georgia land syndication completed by Walton
CALGARY – July 6 2009: Walton International Group Inc. announced today the successful completion of land sales in Walton's Arcade Meadows Phase 1 project.
On May 29, 2009 Walton completed the sale of undivided interests in land located in Jackson County, Georgia, USA, known as Arcade Meadows Phase 1, to 1,586 purchasers, for an aggregate purchase price of $27,410,000 USD. The property is part of a master planned community informally known as Arcade.
Arcade Meadows is strategically located on U.S. Highway 129, the federal highway that connects Atlanta to Athens, Georgia and a major commercial thoroughfare. Situated near the City of Arcade, Georgia, the property is close to access routes and to the City of Athens, home of the University of Georgia.
Walton has been researching and participating in North American real estate markets for 30 years, and identifying strategic land in Georgia for several years. Georgia has long been one of the USA’s strongest economic growth regions, and is expected to continue being so in the future, given Georgia’s long-term fundamentals in employment, population, economics, and housing affordability.
Arcade Meadows Phase 1 is the second Georgia land project completely syndicated by Walton and its affiliates, and brings to 10 the number of completed land syndications in Texas, Arizona, Georgia and Ontario announced by Walton so far in 2009. The Arcade Meadows Phase 1 project closing follows announcements of completed land syndications for the Ottawa Region Limited Partnership, Camino Real Phase 1, Walton AZ Toltec LP/LLC, Phoenix Sawtooth View 1, Walton Bluff Springs Land, LP, Walton AZ Silver Reef LP 3, Walton GA Arcade Meadows LP 1, Roseburgh Phase 1, and Walton West Palmilla LP projects.
About Walton: Walton International Group Inc. and the other members of the Walton group of companies constitute one of North America's leading land-based real estate investment groups. Over the past 30 years, Walton firms have acquired more than 49,600 acres of quality land strategically located in the development path of some of North America's leading urban growth areas. Walton companies are innovative leaders in the research, selection, acquisition, syndication, planning, development management and sale of land, having to date syndicated over USD $1.8 billion of land (CAD $2.1 billion) in Alberta, Ontario, Arizona, Texas and Georgia with over 54,700 investors and clients
For more information, please visit www.waltoninternational.com
Media inquiries:
Rita Mezzanotte:
Office: 1-647-826-1356
Cell: 1-647-308-5549
Email: rmezzanotte@waltoninternational.com
