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
Back Gate 96 The LandReport | T E X A S 2 0 1 6 LANDREPORT.COM Kroenke Buys the Waggoner Ranch S tan Kroenke was approved by the 46th Judicial District Court to purchase the 510,527-acre W.T. Waggoner Estate Ranch in February. The historic transaction will be the first- ever sale of the Waggoner Ranch, which was established in 1849, spans six Texas counties, and covers almost 800 square miles. The ranch's asking price was $725 million; no terms were disclosed. The acquisition will vault Kroenke from No. 9 on The Land Report 100 to the country's fifth-largest private landowner. The Waggoner becomes the most recent addition to the remarkable list of assets owned and operated by Kroenke Ranches. Montana is the setting of two other iconic Kroenke holdings: Q Creek Land & Cattle Company, which totals 540,000 deeded and leased acres, and the Broken O Ranch, which totals 124,000 deeded and leased acres. All told, Kroenke Ranches exceeds 1.38 million acres, or more than 2,100 square miles. CONTINUED ON PAGE 95 Texas's largest ranch behind one fence changes hands for the first time. WYMAN MEINZER