Walton Global gets $100 million financing via Fortress

By Wendy Van Sickle

Columbus, Ohio, June 2 – Walton Global closed a $100 million facility provided by affiliates of funds managed by Fortress Investment Group LLC, according to a news release.

The funds will be allocated to Walton’s builder land financing business to acquire properties in high-growth areas to support home demand across the United States.

Walton’s first facility acquisition using the Fortress facility, a $9.5 million development in Haywood, Calif., closed in May.

Walton expects to deploy the remaining capital in the coming months. The amount of the facility may increase to $150 million, which will be determined as additional properties are identified.

Based in Scottsdale, Ariz., Walton Global is a privately owned, leading land asset management and global real estate investment company that concentrates on the research, acquisition, administration, planning, and development of land.

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