A Canada-dependent land trader and developer has snapped up 400 acres in Cedar Hill, southwest of Dallas.

Walton Group Holdings Ltd., a serious estate financial commitment and land asset management corporation with practically $3.39 billion in holdings in North The usa, has bought 400 acres on Lake Ridge Parkway around Joe Pool Lake.

The home, which is west of U.S. Highway 67, is prepared for 1,100 one-household properties.

Walton mentioned it has determined a “top builder” that will acquire the vast majority of the land. And the firm is in negotiations for gross sales of other areas of the assets to rental house and senior housing developers.

“We are excited to get the job done with this nationwide homebuilder on relocating the Cedar Hill enhancement forward to generate supplemental residential alternatives in this dynamic market location,” 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, close to Austin and Houston and in the San Antonio location. The organization also has holdings in Fort Worth’s Chisholm Trail Ranch.

Walton has formerly offered North Texas development internet sites to builder D.R. Horton.

Walton has 85,000 acres situated throughout the United States. The enterprise has been in company for extra than 40 a long time.

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