Walton International Group (USA), Inc.

Walton International Group (USA), Inc.

The Walton Group of Companies (Walton) is one of North America’s leading land-based real estate investment and development groups, currently managing over $2.8 billion in assets, including more than 62,000 acres of land. (1) Walton employs leading industry experts to ensure quality asset acquisition and management along every step of the land investment process and makes a long-term commitment to the communities in which it operates in order to create sustainable and livable environments. Walton is well positioned to execute its all-cash (2) acquisition model in the current economic environment with a focus on path of growth investments in strategic submarkets.

(1) Approximate as of September 30, 2011. Value at cost. Includes land and reserves.

(2) No acquisition indebtedness. In the event reserves are depleted, indebtedness may be incurred to cover administrative and concept planning expenses only.