BY SANDRA BAKER / STAR-TELEGRAM STAFF WRITER

Fort Worth-based D.R. Horton, struggling with falling home sales amid the national housing slump, sold nearly 7,000 acres in Arizona for $70 million to two real estate firms that formed a joint venture to develop and sell the land.

The Wolff Co., based in Scottsdale, Ariz., and Langley Properties, based in Gilbert, Ariz., said Monday that the land — 6,884 acres — is in Casa Grande, near Phoenix, where Horton has been actively building. The property is zoned for 23,050 residential lots, which will be sold to home builders. The parcel includes 450 acres of commercial land that will be developed or sold, the companies said.

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