Walton International Group, Inc.

May 05, 2009 09:30 ET

Walton Completes Land Sales for Phoenix Sawtooth View 1

CALGARY, ALBERTA--(Marketwire - May 5, 2009) - Walton International Group Inc. announced today the successful completion of land sales in Walton's Sawtooth View 1 project.

On April 13, 2009, Walton completed the sale of undivided interests in land located in Phoenix, Arizona known as Sawtooth View 1, to 720 purchasers, for an aggregate purchase price of $12,290,000 USD.

Sawtooth View 1 is part of an approximately 2,250-acre master planned community informally known as Sunland. The Sunland assembly is strategically located in the City of Eloy in the Phoenix-Tucson I-10 corridor, one of Arizona's fastest-growing regions.

Walton has been researching and participating in North American real estate markets for thirty years, and identifying strategic land in Arizona for almost a decade. For years, Arizona has been one of the USA's strongest economic growth regions, and is expected to continue being so in the future, given Arizona's long-term fundamentals in employment, population, economics, and housing affordability.

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 49,200 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 $2 billion of land in Alberta, Ontario, Arizona, Texas and Georgia with over 53,600 investors and purchasers.

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