The Land Report

Spring 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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S P R I N G 2 0 1 5 | The LandReport 83 LANDREPORT.COM numbered more than 4,000 acres. The City of Boulder and Boulder County purchased 2,600 acres for a park and open space with conservation easements in place. In 2013, Guercio listed the remainder for $45 million. "Caribou Ranch is a unique and special property because of its tremendous natural beauty, its close proximity to Boulder and Denver, and its incredible rock and roll history," says listing broker Tim Casey of Mountain Marketing Associates. The property is a true jewel. It lies 8,500 feet above sea level in a quintessential Rocky Mountain valley dotted with mature aspen and pine. Creeks provide year- round live water. "When Mountain Marketing listed the property, we were aware of the cultural significance of the Caribou Ranch as a creative refuge for the greatest songwriters and performers of their generation and also its significance as a sizable undevel- oped natural habitat very close to a metropolitan area," says Casey. Structures on the property include an owner's home, several guest cabins, a lodge, riding pens, a barn, and equipment buildings. The property has significant development potential. "Our hope was to find a buyer who would appreciate the musi- cal magic and history made at the ranch, and have a desire to preserve the land in a natural state," Casey says. Caribou Ranch lasted less than a year on the market until an entity named Indian Peaks Holdings LLC paid $32.5 million to acquire it. The Guercios kept a 40-acre portion for reunions and future events as well as retaining the rights to the ranch's name and brand. As described by Mountain Marketing Associates, the new owners have rights on the 1,600 acres to include the potential for 19 single-family dwellings rang- ing from 2,000 to 10,000 square feet, a 5,000-square-foot fishing lodge or clubhouse, a 12-stall horse barn, two 1,250-square- foot cabins, and a 3,372-square- foot caretaker's unit. According to Boulder's Daily Camera, "The principal office of Indian Peaks Holdings listed in the company's registration documents with the Colorado Secretary of State's office shares a Bentonville, Arkansas, address with Walton Enterprises and several other businesses, nonprofits, and organizations connected to the Walton family." It's reported that the new owners wish to leave the ranch undeveloped. DEAL OF THE YEAR 2014 H I S T O R I C Caribou Ranch Colorado Seller: Caribou Ranch LLC Seller's Agent: Tim Casey, Mountain Marketing Associates Buyer: Indian Peaks Holdings LLC Buyer's Agent: Jeff Hubbard, Mirr Ranch Group Among the chart toppers written and recorded at Caribou Ranch are Chicago's "If You Leave Me Now, " Earth, Wind & Fire's "Shining Star, " and Elton John's "Philadelphia Freedom. " Above and opposite: In the late 1960s, Guercio began producing a band out of Chicago that was originally known as The Big Thing. The group later changed its name to The Chicago Transit Authority. When the Chicago Transit Authority threatened legal action, the band changed its name to Chicago. In these shots, Chicago is shown recording a TV special at Caribou Ranch. D e a l o f t h e Y e a r H i s t o r i c

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