Wednesday, June 23, 2021 / by Juan Grimaldo
With huge nationwide land holdings, Scottsdale real estate investor goes big in build-to-rent market
A Scottsdale-based international real estate asset management company that owns 81,000 acres nationwide is making a big play for the wildly popular build-to-rent home market.
Walton Global Holdings — which last year moved its headquarters to Scottsdale from Calgary, Canada, where it was founded more than 40 years ago — is launching a build-to-rent, or BTR, line of business to develop 2,500 single-family rental units across the country, including metro Phoenix.
With so much of its own land on hand, the company is in a position to bring single-family rentals to market faster than other homebuilders that are still trying to find land said Paul Megler, executive vice president of Walton Global Holdings.
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By Angela Gonzales, Senior Reporter - Phoenix Business Journal