The Walton Group of Companies, a family-owned real estate investment group with U.S. headquarters in Scottsdale, Ariz., announced today that Myron Spencer has been named vice president of Operations, Walton Development and Management.
Spencer will help to oversee land planning, development and project services for Walton’s more than 83,000 acres of land under administration and 18 development projects. Using more than 25 years of experience, he will help Walton continue its successful track record of taking land through the pre-planning, entitlement and development process.
Prior to joining WDM, Spencer was the vice president of land at Beazer Homes, where he was responsible for the acquisition and development of land for the Arizona Division of Beazer. During his time at Beazer, he negotiated and closed more than 50 land transactions totaling more than $250 million. Prior to his tenure with Beazer, Spencer was responsible for the acquisition and development of apartment land in the Western US for American Property Development, Inc., facilitating multi-million-dollar transactions as a commercial real estate investment agent at Pacific Realty Advisors.
“Myron brings a unique combination of knowledge in respect to homebuilding, multi-family development and commercial/retail brokerage that will assist Walton in positioning our assets for the market,” said Rob Leinbach, president of Walton Development and Management, North America. “As more of our properties move through the entitlement process, Myron will be essential to achieving Walton’s long-term strategic growth plan.”
“I’ve been in the real estate industry for over 25 years and look forward to using my experience to continue Walton’s successful process of land investment and development,” said Spencer. “With four new U.S. development projects and more on the way, this is an exciting time to join Walton.”