Walton International

[havetheveryfun]

Have you already found a solution to this matter? I am also a investor myself facing similar issues.

how much u invested ?

no solution except to ask ur fren who asked u to buy in the first place.. my guess is most of them are not working there anymore.

 

[gkhchay]

Have you already found a solution to this matter? I am also a investor myself facing similar issues.

Same here. I was promised the land would be sold in 5 years with profit but it’s now already a decade.

 

[wepixel]

This is meant for Walton Investors. For non-investors, please do not post here.
The purpose of this thread is to gather Singapore Walton Investors together and see what can we do as a group?

I read many posts and realized many are experiencing the same situation as I am and already waited for more than 10years.
It seems like none of us has any project which successfully exit at all. Every year when i review my portfolio from the Walton portal, the market readiness dates keep pushing back.

Though the chances of getting the money back looks very slim, but we can gather together and explore the possible paths moving forward together and see any chance to salvage our saving.

 

[thkc2011]

I invested and at best am just going to say kiss money goodbye. It's more than 13 yrs on an investment that was supposed to exit in 6. And now with Walton's "great" scheme of not paying you lump sum, it's going to be 20 yrs before I get everything back. And the returns is so shitty that we should just be happy to get our principal back. Forget about currency exchange losses or inflation....

 

[Moowoow]

Wah sounds jialat mine waiting 9 years steamed

 

[SBC]

Non investor. Keen to consider.

 

[B_EArth]

I receive from an exit offer email from Walton just ytd. Almost forget this thing.

 

[devion]

Are they still providing monthly updates? Somehow I stop receiving updates from them since Nov 21 I believe. Checked with my agent n she is still with the company.

 

[thkc2011]

I receive from an exit offer email from Walton just ytd. Almost forget this thing.

Lucky you. Mine is no where in sight and the last I spoke with the new agent (my old one, disappeared and went incognito), the current potential returns, after 10 years, is some measly 2% per annum. Total rip-off. Hope yours much better

 

[LIMZ0052]

Hi guys, I am an investor at Glen Lakes Florida, I received an exit offer today.
So, it seems like we still cannot confirm whether Walton is a real scammer or a trustworthy company, right?
Some received exit offers, some waited for long time without news. Note that Walton is NOT regulated by MAS, so it is listed on the "Investor Alert Page“. I will share with you all a portion of the text in my offer, which needs me to vote for 1 out of 2 options. I am currently worried that there will be a subsequent "trap" after making the choice. Hope to see what you guys think! Thank you all. My deadline of making decision is on 29 Apr this month.
_______________________________________________________________

Dear Valued Client
RE: EXIT OPPORTUNITY RELATING TO THE GLEN LAKES PROJECT(GL4503)

We are pleased to announce that Walton Acquisition FL, LLC, a Florida limited liability company (“Walton”), has
received two separate offers to purchase the Glen Lakes Project consisting of approximately 263.64 acres located in Hernando County, Florida (the “Property”), both of which are subject to the approval of the individual owners of undivided interests in the Property (the “UDI Owners” and together with Walton, the “Seller”). The UDI Owners own a 94.90% undivided interest in the Property (the “UDI Owners’ Interest”), and the remaining interest is owned by Walton.

As a UDI Owner, you hold an undivided tenancy-in-common interest (each interest, a “Unit”) in the Property. This letter and accompanying materials are provided to you as you are being asked to vote on the Offers.

BUILD-TO-RENT OFFER: BULK SALE OF 30 ACRES
The first offer (the “Build-to-Rent Offer”) consists of a partial offer from Walton Global Holdings, LLC, a Delaware limited liability company, or one or more of its designated affiliates or ventures (the “BTR Buyer”) to purchase up to an approximately 30-acre portion of the Property (the “Build-to-Rent Property”) through a bulk purchase for a 110-lot single-family residential development exclusively for the rental market pursuant to the Build-to-Rent Letter of Intent (the “BTR LOI”) and Summary of Term. Walton and the BTR Buyer are currently negotiating a real estate purchase agreement (“BTR PSA”), which material terms will substantially remain the same as those in the BTR LOI and Summary of Terms.

The proposed purchase price is $24,000 per Paper Lot in a bulk sale, cash-on-closing. The final Purchase Price is subject to the actual densities achieved; however, the minimum floor price per the BTR PSA is $2,640,000 (i.e., equivalent to 110 lots). The 30-acre Build-to-Rent Property is anticipated to close in Q4 2022.

PARK SQUARE HOMES OFFER: STAGED TAKEDOWN OF THE ENTIRE PROPERTY
The second offer (the “PSH Offer”) consists of an offer from Park Square Enterprises, LLC, a Delaware limited
liability company operating as Park Square Homes (“Park Square Homes”), to purchase the entire Property through a 4-phased takedown, subject to Seller’s option to pursue the Build-to-Rent Offer as described above. Walton and Park Square Homes have executed a Vacant Land Contract (the “PSH Agreement”), subject to the approval of the individual owners of undivided interests in the Property (the “UDI Owners”).

Under the PSH Agreement, the Property is proposed for approximately 761 Residence Lots including BTR
component. Park Square Homes is offering to purchase the entire 263.64-acre Property for approximately
$25,920,100, or an average price of $34,060 per Residence Lot.

The purchase price for each Phase will be based upon the values set forth on the Selection Schedule attached to the PSH Agreement. The final purchase price is subject to the actual densities achieved and the final product mix. Upon the closing of each phase, Park Square Homes pays an Initial Payment. As Residence Lots are sold by Park Square Homes to a homebuyer (i.e., home sales), Park Square Homes pays the remainder of the exit offer price in the form of Deferred Payments. The current estimated project timeline contemplates Phase 1 to 4 with a takedown schedule of Q4 2022 to 2029.

Per the PSH Agreement, the Seller has the option to retain up to a 30-acre Build-to-Rent Property for a potential sale of a 110 lot Build-to-Rent development to the BTR Buyers.

• If the BTR Buyer were not to close the Build-to-Rent Property, Park Square Homes shall purchase the Build-to-Rent Property based on the same terms through initial and deferred payment as Phase 1 (anticipated in
Q4 2022), for a purchase price of $2,640,000.
• If the BTR Buyer proceeds to close the Build-to-Rent Property in Q4 2022, the transaction is anticipated to
close in Q4 2022, along with Park Square Homes’ Phase 1 Closing. The total acres to be purchased by Park
Square Homes under the PSH Offer shall be reduced to approximately 233.64 acres or 651 Residence Lots,
and the purchase price shall be reduced to $23,280,100 or an average price of $35,760 per Residence Lot.
Please note that whether the Build-to-Rent Property is purchased by the BTR Buyer or PSH, the total exit
offer price of the entire Glen Lakes Property will be $25,920,100.
The enclosed materials contain further details about the Offers and should be reviewed carefully. The
documents include a full copy of the PSH Agreement and BTR PSA (the “Agreements”), the Owner Ballot and
other important documents that require your attention.

 

[LIMZ0052]

I receive from an exit offer email from Walton just ytd. Almost forget this thing.

Hi B_EArth, would u please share what happened next?

 

[LIMZ0052]

Getting an exit offer does not mean that we are lucky, it might be a part of a big scam.
I just hope to understand how Walton navigates its scam.
I speculate: Why do I need to vote? By engaging investors to vote, Walton now has an excuse to push away responsibility since investors don't communicate among themselves, and we won't know whether the vote outcome is fair or dark.
The 1st choice does not have deferred payment, but comes with lower return.
The 2nd choice have higher payment but with phased takedown scheme, so it takes long time to pay, and with deferred payment.

 

[thkc2011]

Getting an exit offer does not mean that we are lucky, it might be a part of a big scam.
I just hope to understand how Walton navigates its scam.
I speculate: Why do I need to vote? By engaging investors to vote, Walton now has an excuse to push away responsibility since investors don't communicate among themselves, and we won't know whether the vote outcome is fair or dark.
The 1st choice does not have deferred payment, but comes with lower return.
The 2nd choice have higher payment but with phased takedown scheme, so it takes long time to pay, and with deferred payment.

a bird in hand is better than 10 in a nest. better have money back than the phase takedown which could be many years more, in this case 7 years. So add this 7 yrs to the original number of years passed, the money we get back could be much lower overall.

Should mine come, I'm taking the cash option, no phased takedown **** for me. I've said that bluntly to my account manager that it's a load of crock

 

[HWZ1973]

14 years still waiting...
But was informed agreement has been signed... But don't know when the voting will start... Anyone got information?

 

[bhpan]

Hi guys, I am an investor at Glen Lakes Florida, I received an exit offer today.
So, it seems like we still cannot confirm whether Walton is a real scammer or a trustworthy company, right?
Some received exit offers, some waited for long time without news. Note that Walton is NOT regulated by MAS, so it is listed on the "Investor Alert Page“. I will share with you all a portion of the text in my offer, which needs me to vote for 1 out of 2 options. I am currently worried that there will be a subsequent "trap" after making the choice. Hope to see what you guys think! Thank you all. My deadline of making decision is on 29 Apr this month.
_______________________________________________________________

Dear Valued Client
RE: EXIT OPPORTUNITY RELATING TO THE GLEN LAKES PROJECT(GL4503)

We are pleased to announce that Walton Acquisition FL, LLC, a Florida limited liability company (“Walton”), has
received two separate offers to purchase the Glen Lakes Project consisting of approximately 263.64 acres located in Hernando County, Florida (the “Property”), both of which are subject to the approval of the individual owners of undivided interests in the Property (the “UDI Owners” and together with Walton, the “Seller”). The UDI Owners own a 94.90% undivided interest in the Property (the “UDI Owners’ Interest”), and the remaining interest is owned by Walton.

As a UDI Owner, you hold an undivided tenancy-in-common interest (each interest, a “Unit”) in the Property. This letter and accompanying materials are provided to you as you are being asked to vote on the Offers.

BUILD-TO-RENT OFFER: BULK SALE OF 30 ACRES
The first offer (the “Build-to-Rent Offer”) consists of a partial offer from Walton Global Holdings, LLC, a Delaware limited liability company, or one or more of its designated affiliates or ventures (the “BTR Buyer”) to purchase up to an approximately 30-acre portion of the Property (the “Build-to-Rent Property”) through a bulk purchase for a 110-lot single-family residential development exclusively for the rental market pursuant to the Build-to-Rent Letter of Intent (the “BTR LOI”) and Summary of Term. Walton and the BTR Buyer are currently negotiating a real estate purchase agreement (“BTR PSA”), which material terms will substantially remain the same as those in the BTR LOI and Summary of Terms.

The proposed purchase price is $24,000 per Paper Lot in a bulk sale, cash-on-closing. The final Purchase Price is subject to the actual densities achieved; however, the minimum floor price per the BTR PSA is $2,640,000 (i.e., equivalent to 110 lots). The 30-acre Build-to-Rent Property is anticipated to close in Q4 2022.

PARK SQUARE HOMES OFFER: STAGED TAKEDOWN OF THE ENTIRE PROPERTY
The second offer (the “PSH Offer”) consists of an offer from Park Square Enterprises, LLC, a Delaware limited
liability company operating as Park Square Homes (“Park Square Homes”), to purchase the entire Property through a 4-phased takedown, subject to Seller’s option to pursue the Build-to-Rent Offer as described above. Walton and Park Square Homes have executed a Vacant Land Contract (the “PSH Agreement”), subject to the approval of the individual owners of undivided interests in the Property (the “UDI Owners”).

Under the PSH Agreement, the Property is proposed for approximately 761 Residence Lots including BTR
component. Park Square Homes is offering to purchase the entire 263.64-acre Property for approximately
$25,920,100, or an average price of $34,060 per Residence Lot.

The purchase price for each Phase will be based upon the values set forth on the Selection Schedule attached to the PSH Agreement. The final purchase price is subject to the actual densities achieved and the final product mix. Upon the closing of each phase, Park Square Homes pays an Initial Payment. As Residence Lots are sold by Park Square Homes to a homebuyer (i.e., home sales), Park Square Homes pays the remainder of the exit offer price in the form of Deferred Payments. The current estimated project timeline contemplates Phase 1 to 4 with a takedown schedule of Q4 2022 to 2029.

Per the PSH Agreement, the Seller has the option to retain up to a 30-acre Build-to-Rent Property for a potential sale of a 110 lot Build-to-Rent development to the BTR Buyers.

• If the BTR Buyer were not to close the Build-to-Rent Property, Park Square Homes shall purchase the Build-to-Rent Property based on the same terms through initial and deferred payment as Phase 1 (anticipated in
Q4 2022), for a purchase price of $2,640,000.
• If the BTR Buyer proceeds to close the Build-to-Rent Property in Q4 2022, the transaction is anticipated to
close in Q4 2022, along with Park Square Homes’ Phase 1 Closing. The total acres to be purchased by Park
Square Homes under the PSH Offer shall be reduced to approximately 233.64 acres or 651 Residence Lots,
and the purchase price shall be reduced to $23,280,100 or an average price of $35,760 per Residence Lot.
Please note that whether the Build-to-Rent Property is purchased by the BTR Buyer or PSH, the total exit
offer price of the entire Glen Lakes Property will be $25,920,100.
The enclosed materials contain further details about the Offers and should be reviewed carefully. The
documents include a full copy of the PSH Agreement and BTR PSA (the “Agreements”), the Owner Ballot and
other important documents that require your attention.

so you voted?

 

[bhpan]

I got Ontario / Brant exit offer with a lost of 57%. Anyone on the same exit offer? Any advise is appreciated?

 

[reddevil0728]

I got Ontario / Brant exit offer with a lost of 57%. Anyone on the same exit offer? Any advise is appreciated?

What’s the advise you seeking? Take or leave it?

 

[bhpan]

Is it normal for “lost” offer? If so, then just have to take it.

 

[eddie12345]

I'm an investor of Ontario Brant, i've a bad feeling that its not a legitimate investment company. I would exit and not commit any further recovery plan that they have proposed.

 

[devion]

Such companies and legit ones too will only share the successful cases to attract investors. So am not surprised if there had been losing contracts all this while too, but it will still require the majority of votes to get it through, judging from the super long wait for many, I am not surprise to see many seizing the opportunity to exit even with losses since confidence in this company has plummet due to long wait.
I still think its a legit company but with a bad taste from many investors due to the long wait.