The Land Report

Summer 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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nervous and reluctant to make land purchases," says Broker J.J. Keeth. "But can there be a more stable investment than land in our volatile environment?" Mossy Oak Properties NC Land and Farms www.nclandandfarms.com (252) 480-5263 2014 Sales: < $50 Million Who: Three locations through- out North Carolina, focusing on hunting, recreational, timber, and agricultural investment properties. Wow: Sales up 58 percent, while listing inventory climbed 51 percent; firm to add four offices in Virginia. Insight: "There is a lot of discretionary income entering the market for recreational properties, and with a deficit in buildable lots predicted on the short-term horizon, we think development acreage for high- growth areas in the core of the state will continue to increase," says Broker William McOwen. Mossy Oak Properties of Stuttgart Land & Auction Company www.farmandhuntingland.com (870) 672-4820 2014 Sales: < $50 Million Who: Services Arkansas and Western Mississippi, offering traditional land brokerage, sealed-bid sales, auction services, management, and consulting. Specialties include row-crop land sales and recreational hunting properties. Wow: Sold a flooded green- timber duck hunting property in November for $8,180 per acre on a total of 191 acres; the property had no improvements beyond a water source to flood the timber and no uses other than duck hunting. Insight: "Our problem was find- ing good properties available to list or sell, whether it was farmland or quality recreational properties," explains Broker Jeramy Stephens. "But 2015 has begun with a lot of activity in both listings and sales." Mossy Oak Properties Tennessee Land & Farm www.mossyoakproperties.com (615) 804-2571 2014 Sales: < $50 Million Who: Open since mid-2014, this Nashville-based, full-service real estate company serves Middle Tennessee. Wow: Listed old Monsanto Mining recreational property consisting of 1,500 acres in Maury County. Also closed on a $3.2 million historic farm in the heart of Leiper's Fork. Insight: "Family recreation is a primary motive that fuels rural land sales in many regions around the country including Middle Tennessee," says Broker Jamie Spencer. "Nashville is a town that exemplifies everything we stand for in the recreational land business." Mossy Oak Properties of Tupelo www.mopoftupelo.com (888) 943-3080 2014 Sales: < $50 Million Who: Regional experts specializ- ing in all facets of properties with a staff that includes registered foresters and wildlife managers. Insight: "We had a great year with land interest picking up toward the end of the year," says Owner Wesley Webb, 2013 Mississippi Land Realtor of the Year. "I feel 2015 will be a stellar year in land sales with more people wanting to invest in a more stable commodity." National Land Realty www.nationallandrealty.com (855) 384-5263 2014 Sales: $50 - $100 Million Who: Specializing in timberland, plantations, hunting estates, farms, and private estates as well as providing turnkey services for REITs and TIMOs. Also, an innovative new GIS platform made a client the number one solar provider in North Carolina. Wow: Brokered a transaction of 3,001 well-managed acres in Alabama for $7.2 million. Insight: "Our sales jumped by 40 percent, and our per-acre sales price average was $1,000 higher per acre than in 2013," says VP Susan Floyd. "Our agents also ran into fewer lending issues than in years past." Outdoor Properties www.outdoorproperties.com (870) 269-3378 2014 Sales: $50 - $100 Million Who: Arkansas and Tennessee offices providing expertise in farmland and recreational prop- erties including highly developed and premium properties. Wow: Listed Deerfield Ranch (1,053 acres for $3.975 million) in Tennessee and Mississippi's Mallard Manor (1,059 acres at $6.85 million). Insight: Strong demand for farmland, premium recreational properties, and agricultural investments. RecLAND Realty www.recland.net (318) 281-4900 2014 Sales: < $50 Million Who: Authorities in hunting land, timberland, and farmland in Louisiana, Arkansas, Mississippi, and Texas. Wow: RecLAND finalized an endorsement partnership with Duck Commander and Buck Commander in December to become their "Commander- Endorsed Land Broker." Insight: "We saw farmland continue its frenzy in the Delta, while timber prices help boost our timberland sales," says Broker Pat Porter. Richton Tie and Timber www.rttllc.com (601) 545-8222 2014 Sales: < $50 Million Who: Founded in 1926, this real estate brokerage and timber procurement company special- izes in investment timberland, recreational land sales, and commercial properties. Insight: "2014 was the year of new listings," says Owner Benjamin Stevens. Roy Wheeler Realty www.luxurycharlottesville.com (434) 951-5102 2014 Sales: > $50 Million Who: Longtime experts in land, farms, and estates throughout Central Virginia. Wow: Listed a spectacular, 3,700-acre estate for $49 million. Insight: "2015 offers possibilities of continued market strength, although buyers remain wary of overvaluation, having witnessed a real decline in property values recently," says Jim Bonner. Tom Smith Land and Homes www.tomsmithland.com (601) 898-2772 2014 Sales: $50 - $100 Million Who: Authorities in recreational tracts, timber tracts, waterfowl properties, and farmland. Wow: Closed on Harry Connick Jr.'s property and the Double D Ranch, one of Mississippi's premier cattle ranches. Insight: According to Founder Tom Smith, "Investors are bullish on land and timber; crop ground is in a bubble, and recre- ational tracts are hot with prices moving up." 84 The LandReport | S U M M E R 2 0 1 5 LANDREPORT.COM A M E R I C A ' S BEST BROKERAGES

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