Walton acquires 174 lots for residential development in Menifee

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Walton acquires 174 single-family lots in Menifee for future development, as seen in this aerial photo. Valley News/Courtesy photo
PHOENIX – Walton, a real estate investment and land asset management company with $3.39 billion under management and administration, has acquired 174 lots across 46.9 acres at the southwest corner of McLaughlin Road and Sun City Boulevard in Menifee. Walton recently entered into a residential land exit option agreement with a national homebuilder to develop the residential property. Construction of the single-family homesites is planned to begin in fall 2021. Menifee is located in the heart of Southern California, along Interstate 215 and 15 miles north of Temecula. A vibrant city with a population of more than 97,000, Menifee residents enjoy an abundance of recreational offerings, convenient proximity to some of Southern California’s premiere attractions and employment center
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