The Land Report

Summer 2015

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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80 The LandReport | S U M M E R 2 0 1 5 LANDREPORT.COM The Ranch Advisors w ww.theranchadvisors.com (972) 599-7000 2014 Sales: < $50 Million Who: Industry veterans Jim B rosché and Jim Strawn have teamed up to head and heel pre- mier properties in the North Texas and Hill Country markets. Wow: Numerous listings at the highest end of the market, including the Drop Tine and the Diamond M ranches. Insight: "Despite the slump in energy prices, our book of busi- ness is solid," says Brosché. Ranch Connection www.ranchconnection.com (817) 336-3850 2014 Sales: $50 - $100 Million Who: Specialized ranch broker- age working throughout Texas with a strong repeat clientele. Wow: Marked 30 years of business in 2014. Insight: "I predict 2015 to be a productive year as Texas lands continue to remain a strong investment," says Broker Cynthia Inman. Republic Ranches www.republicranches.com (888) 726-2481 2014 Sales: $100 - $250 Million Who: Leaders in large ranches, farms, and recreational tract sales in Texas, Oklahoma, and New Mexico with additional expertise in wildlife management, irrigated farmland, lake construction, con- servation, traditional agriculture, and wetland habitats. Wow: More than 80 percent of 2014 sales were all-cash deals. Insight: "While we expect the market to cool down somewhat with the drop in the price of oil, we also expect this may shake out some new inventory of supe- rior ranches that have been diffi- cult to find over the past several years," says Partner Jeff Boswell. Texas Ranches for Sale w ww.texasranchesforsale.com (830) 249-9339 2014 Sales: $50 - $100 Million Who: Specializes in high-end h unting ranches, recreational ranches, and live water proper- ties throughout Texas. Wow: Several multimillion- dollar sales including a single ranch that exceeded 6,000 acres. Insight: "For 2015, we will still see strong buyer activity as well as good-quality ranches coming on the market," says Broker Ken Hoerster. A M E R I C A ' S BEST BROKERAGES S O U T H A&M; Forest Consultants www.forestryland.com (251) 281-8733 2014 Sales: < $50 Million Who: In addition to real estate sales, off-market acquisitions, and hunting lease management, the brokerage also manages 30,000 acres for private land owners, including timber sales. Wow: Banner year included list- ing a 1,263-acre tract that hadn't changed hands in a century. The property sold at full asking price in less than 30 days. Insight: "The market continued to improve as interest rates stayed low, oil prices dropped, and timber prices stabilized," says Broker Clint Flowers. Carter Group Real Estate www.cartergrouprealestate.com (912) 530-9515 2014 Sales: < $50 Million Who: Georgia-based experts in large-acreage tracts, timberland, farmland, and waterfront proper- ties throughout the Southeast. Wow: Initiated an innovative bundling deal where investors purchased multiple tracts in one package. Insight: "Timberland and recre- ational property sales increased dramatically in 2014 as land values have been on the rise," says Owner Ryker Carter. Coldwell Banker Commercial Saunders Real Estate www.saundersrealestate.com (863) 648-1528 2014 Sales: > $500 Million Who: Authority on all types of Florida land, transacting over $1 billion in sales from 1996 to 2014. Wow: Dean Saunders and Jack Vogel represented AgReserves in a $562 million land purchase from the St. Joe Company, resulting in one of the largest sales in recent Florida history. Insight: "2014 was a very robust year for us here in Florida," says Saunders. "It will be hard to repeat because there is only so much inventory in the larger tract sales." Davis DuBose Knight Forestry & Real Estate www.forestryrealestate.com (888) 695-8733 2014 Sales: < $50 Million Who: Rural property, timber- land, farmland, recreational properties, and pastureland experts. Wow: The sale of 3,077 acres of timberland in South Arkansas. Owned by three entities; the properties sold to a TIMO that never would have shown interest in the individual properties. Insight: "Arkansas' timber industry has seen significant capital invested into sawmill infrastructure," says Principal Broker Mark Knight. "This will translate into stable timberland values for homeowners." Eshenbaugh Land Company www.thedirtdog.com (813) 287-8787 2014 Sales: $50 - $100 Million Who: Expertise in development land in a trade area generally in and around Tampa, Florida. Wow: Closed on a site in Harbour Island for a 21-story apartment development, mark- ing the third time Owner Bill Eshenbaugh has sold the site. Insight : "2015 looks steady with a broad-based level of activity," says Eshenbaugh. Forestar Group www.forestargroup.com (512) 433-5200 2104 Sales: < $50 Million Who: Experts in development, transitional, HBU, timberland, and recreational development. Wow: Sold 20,000± acres in 2014. Insight: "Markets in our region and sector continue to be steady," says SVP Jeff Portwood, who anticipates the same in 2015. Frank Hardy Sotheby's International Realty www.farmandestate.com (434) 296-0134 2014 Sales: $100 - $250 Million Who: Farms, historic estates, country manors, and equestrian properties remain a forte. Wow: Strong sales in what many termed a "sluggish" year. Insight: "We participated in the sale of several properties that have been available for an extended period of time," says Owner Frank Hardy. Gary J. Kauffman, Premier Real Estate Outfitters www.gjkre.com (877) 510-9600

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