Walt Brown Jr., CEO and founder of Diversified Partners, has closed on the Links at Queen Creek Golf Course for $16 million and plans to redevelop the entire course into multifamily and single-family housing at Ironwood and Ocotillo roads in San Tan Valley.

The back 48 acres have been sold to Tri Pointe (Maracay homes), where 172 single-family homes will be built, together with a gated entrance.

Total redevelopment upon completion will exceed $750 million. It includes Tri Pointe (single-family residential), garden style multifamily, high-density apartments and a build-to-rent single-family product for a total of 106 net acres. There are numerous amenities on the site, including a community park and private lake.

Construction will start in second- or third-quarter 2022.

“We are excited to be part of the solution for the high demand housing in the Valley,” Brown stated in a press release. “We are continuing to grow locally with both residential and commercial developments. The Phoenix-metropolitan area is on a fantastic growth trajectory in 2022 and beyond.”

Diversified Partners has numerous projects throughout the Valley, including:

• En Fuego in Glendale — mixed use
• Eastgate (Val Vista and Mercy) in Gilbert — mixed use
• Ellsworth and Elliot Roads in Mesa — mixed use

Diversified Partners is an Arizona-based commercial real estate brokerage and development company.