Walton Global, a leading real estate investment and land asset management company, has recently completed the sale of approximately 90 acres of the Westphalia Town Center site in Prince George’s County, Maryland. The buyer of this prime land is none other than D.R. Horton, a renowned name in the real estate industry.
The purpose of this acquisition is to develop D.R. Horton’s Spring Hills master plan community in Upper Marlboro. The location of the property is highly advantageous, situated just a short distance of fewer than 10 miles southeast of downtown Washington, D.C., and a mere five miles away from the Branch Metro Station, providing excellent connectivity.
Paul Bae, Vice President of Portfolio Management for Walton Global, expressed his excitement about the sale, stating, “This collaboration with D.R. Horton will greatly enhance the local community by introducing high-quality new homes that offer residents a perfect blend of convenience, comfort, and a sense of belonging.”
The Westphalia Town Center Master Plan, spanning an impressive 480 acres, is designed to accommodate a variety of commercial, residential, and industrial uses. The development is centered around a pedestrian-friendly, mixed-use concept, and once completed, it will feature vibrant neighborhoods, shopping districts, dining options, a school, a fire station, office buildings, and even a hotel.
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I’m curious to know how this acquisition will impact D.R. Horton’s market strategy in the Upper Marlboro area. It’s interesting to see them making moves in the financial landscape, and I wonder if this will lead to more competitive pricing and options for homebuyers.