Walton’s Land Portfolio Expands in Northern Colorado with the Acquisition of 206 Acres in the City of Evans
Top 100 Home Builder Plans to Develop Approximately 665 Homes
SCOTTSDALE, Ariz. (August 23, 2021) – Walton has announced the addition to its more than 3,000-acre Colorado portfolio with the acquisition of a 206-acre property intended for residential development named Solstice located in the City of Evans. The property is located between 37th Street and 65th Avenue.
Walton purchased the land parcel from an international investment group and shortly received an exit-focused letter of intent from a home builder on the Top 100 Builder List. The home builder is planning to build single-family homes on the approximately 665 residential lots and a multi-family development.
Walton’s Executive Vice President, Barry Dluzen, said, “The Northern Colorado area continues to show significant signs of growth, so we are actively searching for land parcels to contribute to the ongoing demand for homes” He added, “When completed, this development will be a nice addition to the City of Evans. We look forward to working with the city and the home builder to bring new home inventory to this great location.”
The property’s location in Weld County begins with its northern boundary at 37th Street, and east and west boundaries at 66th Avenue and 77th Avenue. It is just a five-minute drive to downtown Greely, 10 miles from Interstate 25, 16 miles from downtown Loveland, and a 35-mile visit to Colorado State University in Ft. Collins. It is also only a 60-mile trip to Denver International Airport and downtown Denver.
Known as the “Queen City of the Platte,” residents of Evans enjoy a great school system in addition to all the shopping and amenities of a large town. Boasting over 300-days of sunshine and four full seasons, locals enjoy the outdoors with over 300 acres of parks featuring several hiking and biking trails along the South Platte River.
The Solstice land acquisition continues to grow Walton’s portfolio of owned or administered land across the United States, providing a scalable land acquisition platform to support homebuilders with just-in-time inventory.
About Walton
Walton is a privately owned, leading global real estate investment, land asset management, and administration company focusing on strategically located land in major growth corridors for more than 42 years. The company manages and administers US$3.4 billion of real estate assets in North America on behalf of its investors and business partners. Walton has more than 98,000 acres of land under ownership, management, and administration in the United States and Canada with over 81,000 acres dedicated to its new build-to-rent line. Key entities in the Walton Group of Companies include Walton Global Holdings, Walton International Group, and Walton Development and Management. For more information, visit walton.com.
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