Walton expanded its Builder Option Land Development Funds toraise capital to acquire land determined for residentialdevelopment by US homebuilders.

The BOLD Funds collectively total $500 million, with $250million allocated for US investors and another 250 million in anoffshore fund for non-US resident investors. The funds are intendedto acquire properties that US homebuilders mark to be used fornear-term residential development. The land will be sold to thosebuilders in phases with a schedule and flexible payment terms.Distributions are made to investors as the homebuilders develop andsell the homes.

"Homebuilders are able to improve their ROI by better aligningland inventory costs with cash flow from home sales and investorsbenefit from a diversified source of cash flow," said Bill Doherty,CEO of Walton Group of Companies. Walton, a real estate investmentand land asset management company, manages and administers $3.39billion of real estate assets in North America.