A Canada-primarily based land investor and developer has snapped up 400 acres in Cedar Hill, southwest of Dallas.

Walton Group Holdings Ltd., a authentic estate investment decision and land asset management corporation with almost $3.39 billion in holdings in North The united states, has purchased 400 acres on Lake Ridge Parkway in close proximity to Joe Pool Lake.

The house, which is west of U.S. Freeway 67, is planned for 1,100 solitary-family houses.

Walton mentioned it has discovered a “top builder” that will choose the bulk of the land. And the company is in negotiations for product sales of other parts of the house to rental residence and senior housing developers.

“We are fired up to get the job done with this nationwide homebuilder on relocating the Cedar Hill growth forward to generate further household possibilities in this dynamic market space,” Brad Wiley, senior land acquisition supervisor for Walton, said in a assertion.

Vanguard Serious Estate Advisors brokered transaction.

Walton has other homes in Ellis County, close to Austin and Houston and in the San Antonio region. The firm also has holdings in Fort Worth’s Chisholm Path Ranch.

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

Walton has 85,000 acres located across the United States. The enterprise has been in company for much more than 40 decades.