A 530-acre master-planned community in Brazoria County was recently sold to an investment partnership consisting of the Tampa-based Landeavor LLC and Chicago-based Walton Street Capital.
Sedona Lakes, located in Manvel, south of Pearland and downtown Houston, is planned to include 854 residential lots and was designed by residential developer Marlin Atlantis.
The community will also include five commercial reserves totaling approximately 63 acres.
Landeavor and Walton Street Capital purchased the community from MA Sedona Lakes LP, an investment of the E2M Value Added Fund.
Sedona Lakes will be Landeavor’s first investment in Texas. Builders working within the community include Coventry Homes, Highland Homes and J. Patrick Homes.