The Land Report

2018.3

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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before and wouldn't work. It was successful. We have institution- alized this class of real estate," Fleischer explains. at is an under- statement. In 2017, Warren Buffett invested $377 million for a 9.8% stake in STORE Capital. Today, Fleischer intends to change the way real estate is marketed by selling the couple's beloved ranches, in Arizona and Montana in one deal. "Once again everybody told me I was crazy," he confides. Fleischer credits the couple's ranch properties as a life-saving outlet from the pressures of high finance. "Twenty-four years ago, it became clear to Donna and I that we needed a way to remove the pressures of Wall Street. Both of us always loved the West and the cowboy culture. We first bought a mod- ern horse ranch just outside of Scottsdale where we raised show horses and lived that lifestyle. I'm con- vinced I wouldn't still be around if not for the time we have been able to spend at our ranches." e 100-acre Scottsdale ranch features a luxury 8,700 square-foot Argentinian-inspired estancia. "We loved the ranch in Scottsdale so much, 15 years ago we decided we wanted a real working cattle ranch." Today, the Fleischers also own a 7,000-acre ranch in Mon- tana. ere they raise Black Angus cows and enjoy the cowboy life in an 8,000-square-foot "upscale log home," as Fleischer describes it. Buyers seeking privacy and secu- rity will appreciate the 23 miles of fencing surrounding the property. At just under 100 acres, MorDo Ranch is a few miles away from Scottsdale's championship golf courses, fine dining, shopping, and entertainment offerings. In addition to the estancia, there is a manager's house, guest quarters, full eques- trian facilities, and an art museum. Jim Toth, a ranch broker at Pure West Realty, an exclusive affiliate of Christie's International Real Estate in Bozeman, Montana, is jointly marketing both properties with a Scottsdale broker. "It's not uncommon in the ranch real estate world for the very wealthy to have multi-properties. Market- ing them together is very unusual though," said Toth. "e more I listened to Mort when we first met and saw how successful in business he was creating new asset classes, I knew marketing and selling the ranches as one transaction made sense for efficiency and as a lifestyle." Dub Dellis, CEO of Walt Danley Realty, also an exclusive affiliate of Christie's International Real Estate, is handling the Scottsdale property. He recalls his initial thoughts. "Mort is a maverick in every sense of the word. My first reaction was this is not how it's typically done. en I sat down and listened to him. When you take a step back, his out of the box thinking makes sense. Plus, he has a remarkable track record with unconventional views on real estate." When asked about potential buy- ers, Fleischer has his opinions. "We were able to live both lifestyles, from Wall Street to the West. "e life- style we have enjoyed so much is what we are offering with our two ranches to someone that can afford to live that way." From Forbes.com © 2018 Forbes. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retrans- mission of this content without express written permission is prohibited. 31 L ANDREP ORT.COM FALL 20 18 | e LandReport AMERADA DIVIDE RANCH CASPER, WY Hard-grass ranch with 15,540± deeded acres, and 1,607± acre BLM Permit. Numerous water sources including 14 wells. Two sets of corrals and a certified scale. $7,700,000. SPRING CREEK RANCH SUNDANCE, WY A premier 1,623 acre Black Hills ranch that combines live water and unparalleled privacy, with a beautiful landscape, excellent wildlife habitat, and incredible views. $4,700,000. OAK CREEK RETREAT ALADDIN, WY Impressive 186 acre property. A distinctive custom home that combines maximum efficiency with detailed elegance. Also a bunkhouse, horse barn & shop. $1,387,000. BEAVER CREEK ACREAGE ALADDIN, WY Amazing 136 acre setting adjacent to Black Hills National Forest. Located on Beaver Creek in the Bear Lodge Mountains. This one has it all! $520,000. Owner financing. Phone: 307-746-2083 Box 98, Newcastle, WY 82701 Licensed in WY, SD & MT www.ArnoldRealty.com 2011-2018

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