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.
Issue link: http://landreport.epubxp.com/i/656422
T E X A S 2 0 1 6 | The LandReport 75 LANDREPORT.COM In addition to the unforgettable setting, the value for the money, and the reputation of the Patten Companies, one final attribute distinguishes Texas Grand Ranch from other communities currently being marketed: In 2016, it was selected as Texas's premier Land Report Certified Community. "We established this program to give buy- ers peace of mind. Think of the Land Report Certified Community logo as CARFAX® for land," says Land Report Publisher Eddie Lee Rider Jr. "It all involves the Great Recession. When the economy imploded, hundreds of developments went belly up, and a lot of toxic assets were created. Now that the economy is back on its feet, outstanding buying oppor- tunities have emerged, ones that come along only once in a generation. The question is, how do you tell the difference between a true opportunity and a potential lemon? These are the sorts of questions buyers are facing, and that's what gave us the idea for the Land Report Certified Community." "Are the amenities and infrastructure funded or completed? What about the homeowners' association? Is it up and going, or does it exist in name only? And then, of course, there's the developer. Do they have an established track record, or are you deal- ing with some bottom feeder that bought a note and is trying to offload as many lots as quickly as they can?" he asks. "One thing is for sure," Rider adds. "The Patten family is in it for the long haul. They pioneered the resort community develop- ment and have completed projects in more than 30 states. They've been the driving force behind top-notch communities like Texas Grand Ranch. Their story has been told in publications such as The Wall Street Journal, Fortune, and of course right here in The Land Report. Without a doubt, these guys are the best in the business. What am I saying? They created this business. And it shows." Above: Houston was named "The Best City in America" by Business Insider, which touted it as the country's No. 1 job creator, lauded the renowned Medical Center, and cited its low cost of living. Opposite: A colossal statue of Sam Houston welcomes those who drive north from his namesake city. ★ TexasGrandRanch.com.