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/705552
P A C I F I C California Outdoor Properties www.caoutdoorproperties.com (707) 455-4444 2015 Sales: $100 - $250 Million Who: Full-service brokerage focusing on productive land such as orchards, farm ground, and rangeland as well as recreational land, including hunting proper- ties, luxury estates, and gentle- men's ranches in California. Wow: Launched Nevada affiliate under the name Outdoor Properties of Nevada. Insight: "After four years of heavily publicized drought, large recreational properties in California became harder to move while irrigated ground soared to unprecedented premi- ums," says Owner Marty Renfrew. "At the same time, the cost of feed went up and the cattle market sagged. Never- theless, it was our best year yet." The Chickering Company www.chickeringco.com (530) 265-5774 2015 Sales: < $50 Million Who: West Coast experts in ranch and recreational properties with an emphasis on Northern California. Wow: Listed 3,778-acre Richmond Ranch — one of the largest remaining grazing ranches in the San Francisco Bay area — for $29.7 million. Insight: "There should be some great ranch opportunities for buyers this year," says Managing Broker Terry Hundemer. W ow: American Timberlands F und II's most recent investment — Culclasure Farm, 535 acres o f timberland just south of Columbia, S.C. — generated a 20-plus percent return. Insight: Director of Capital Markets Harris Chewning expects 2016 to bring "improving timber stumpage prices in the South driven by regional popula- tion and economic growth, and increased demand for timberland as an asset class due to its risk/return characteristics and the asset class's ability to protect investors from the expected rise of U.S. inflation." LandVest www.landvest.com (617) 723-1800 2015 Sales: > $1 Billion Who: National timberland leaders, specializing in all aspects of transaction management and due diligence including inventory design, biometrics, geospatial, economics, appraisal, and planning. Wow: Closed 1-million-plus acres of timberland across 16 states with key transactions including the 112,000-acre Hawthorne Timberlands in California and the 234,000- acre LAFCo property in the Adirondacks. Insight: According to Joseph Taggart, "We expect continued competition among institutional and private high-net-worth buy- ers. Unstable equity markets, poor yields on fixed income, low interest rates, and decline in oil and gas all make timber- land look more attractive. Poor logging conditions over the winter have depleted inventories on the manufacturing side, with expected growth in housing to occur in the spring. The confluence of these events should make for an active 2016." Clark Company w ww.clarkcompany.com (805) 238-7110 2015 Sales: < $50 Million Who: Multi-generation family- owned brokerage licensed in California and Nevada specializ- ing in farm and agricultural properties, commercial property, and ranch management. Wow: Represented the buyer of Los Robles Ranch, a 6,100-acre cattle ranch on the west side of the Sierra Nevadas. Insight: "We are confident that 2016 will be as active and productive as previous years in the ranch real estate market despite a lack of inventory on large, working cattle ranches," says President Pete Clark. Island Sotheby's International Realty www.islandsothebysrealty.com (808) 879-8880 2015 Sales: $50 - $100 Million Who: Full-service representation with trio of offices on Maui. Wow: Listed a prestigious 420- acre oceanfront ranch in October for $32 million. Insight: The market on Maui tracked mainland activity with strong sales and listing prices increasing. Kerry Mormann & Associates www.coastalranch.com (805) 682-3242 2015 Sales: $50 - $100 Million Who: After four decades as an independent broker in ranch, land, and estate lifestyle proper- ties, Mormann joined Warren Buffet's Berkshire Hathaway HomeServices as Director of the Ranch & Land Division. Wow: Brokered the sale of the 2,175-acre Ranch Dos Pueblos for $12.5 million. Also listed the Royal Rancho, a 200-acre ocean- front property, for $50 million. 68 The LandReport | S U M M E R 2 0 1 6 LANDREPORT.COM A M E R I C A ' S BEST BROKERAGES T I M B E R AFM Land Sales www.afmlandsales.com (704) 527-6780 2015 Sales: > $500 Million Who: Leaders in the sale and acquisition analysis of timber- land, recreational properties, farmland, hunting plantations, and conservation properties with services that include property inventory, spatial and attribute management, environmental and recreational assessments, and market presentation. Wow: A $95 million sale in the Pacific Northwest plus a $100 million transaction in the Southeast. Insight: Mid- and small-level markets appeared solid as buyers aggressively pursue timberland and recreational properties. "The market continues to demonstrate a strong interest from investors looking to land as a stable vehicle to diversify their investment portfolio," says Director of Real Estate Tom Margo. American Timberlands Company www.americantimberlands.com (843) 979-2221 2015 Sales: < $50 Million Who: Southeast-based land investment, management, conservation, and brokerage firm with extensive hands-on experience in timberland, farmland, recreational properties, and plantations.