Walton Announces Laak as Chief Financial Officer for North America

  Walton Announces Laak as Chief Financial Officer for North America

             Robert Laak to Oversee Corporate Finances for Walton
                          Development and Management

Business Wire

SCOTTSDALE, Ariz. -- October 17, 2013

The Walton Group of Companies (Walton), a Canadian real estate group, with
U.S. headquarters based in Scottsdale, Arizona, announced today the
appointment of Robert Laak as Chief Financial Officer for Walton Development
and Management (WDM).

Laak joins Walton after serving as Corporate Vice President for a national
publicly traded homebuilder. He will oversee corporate finance for Walton
Development and Management and its six regions throughout North America. WDM
has nearly 78,000 acres of land under management and 14 master planned
developments underway in strategic North American growth corridors.

“We’re thrilled to have someone of Bob’s talent join Walton,” said Rob
Leinbach, WDM President. “Bob joins at an exciting time for Walton and will
help guide our strategic plans throughout North America.”

Mr. Laak most recently served as Corporate Vice President, Mergers and
Acquisitions, for Meritage Homes Corporation, a top 10 publicly traded
homebuilder. Mr. Laak also served as Corporate Vice President for Finance at
Meritage where he led company real estate and joint venture financing
activities.

Mr. Laak started his career in public accounting with McGladrey. He holds an
active CPA license in the state of Arizona. Mr. Laak graduated from the
University of Minnesota with a bachelor's degree in accounting and is a member
of the American Institute of CPA's and Urban Land Institute.

About Walton

The Walton Group of Companies (Walton) is a family-owned, multinational real
estate investment, planning, and development firm concentrating on the
research, acquisition, administration, planning and development of
strategically located land in major North American growth corridors. With
nearly 78,000 acres of land under administration and management, Walton is one
of North America’s premier land asset administrators and managers.

Walton has been in business for over 30 years. We take a long-term approach to
land planning and development. Our industry-leading expertise in real estate
investment, land planning and development uniquely positions Walton to
responsibly transition land into sustainable communities where people live,
work and play.

Our communities are comprehensively designed in collaboration with local
residents for the benefit of all community stakeholders. Our goal is to build
communities that will stand the test of time: hometowns for present and future
generations.

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Contact:

Walton
Rick Abbruzzese, 646-790-4626
rabbruzzese@Walton.com