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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Lone Eagle Land Brokerage www.eagleland.com (970) 249-4300 2014 Sales: < $50 Million Who: Boutique farm and ranch f irm specializing in Colorado sales, acquisitions, and management. Wow: Listed the 2,392 deeded- acre Chimney Peak Ranch. Insight: "Buyers have seen values correct and realize the timing is good to reenter the market place," says Owner Joseph Burns. Mason & Morse Ranch Company www.ranchland.com (970) 928-7100 2014 Sales: $100 - $250 Million Who: Specializing in premier ranches, recreational lands, and farms with expertise in market- ing rural land with luxury assets. Wow: Sold Gutierrez Cattle & Recreational Ranch, a premier Oregon cattle operation listed at $19.9 million. Insight: "The luxury market was strong following the stock market trend of 2014," says Managing Broker Bart Miller. Mirr Ranch Group www.mirrranchgroup.com (303) 623-4545 2014 Sales: $100 - $250 Million Who: Income-producing farm and ranch authorities with expertise in everything from water rights and hunting tags to ranch management and conservation easements. Wow: Sold two well-known Oregon ranches including the renowned 36,000-acre Six Shooter Ranch. Insight: "Larger landscape ranches with ecological diversity and smaller farms offering returns were in demand, while smaller, recreational properties were still in recovery mode," says Founder Ken Mirr. Raich Montana Properties www.tracyraich.com (406) 223-8418 2014 Sales: < $50 Million W ho: Boutique firm based near Yellowstone that manages the purchase and sale of ranches, ranchland, and recreational real estate throughout Montana. Insight: "A lack of inventory in the Livingston/Park County market created a situation where I had more buyers than the right match with available inventory," says Owner Tracy Raich. "I anticipate an upswing in the Montana ranch market overall." Ranch Marketing Associates www.rmabrokers.com (970) 535-0881 2014 Sales : $50 - $100 Million Who: Specializing in invest- ment-grade ranches, farms, and recreational properties. Wow: Listed Wolf Springs Ranch, a legacy bison ranch consisting of 55,486 deeded acres in South Central Colorado. Insight: Partner Ron Morris expresses optimism for 2015: "Buyers were very value oriented in 2014. Larger ranches will remain in demand … and quality properties with good resources in water, minerals, and production will sell." Sonny Todd Real Estate www.mynextranch.com (866) 932-1031 2014 Sales: < $50 Million Who: Montana-based family firm focused on production ag ranches. Wow: Statewide sales indicate pent-up demand for true work- ing Montana ranches is soaring. Insight: "Demand outweighed the supply for ranchland through- out the entire state in 2014," says Sonny's son, fifth-generation Montanan Justin Todd. "Based upon the first quarter, 2015 is on track to exceed our predictions." Summit Sotheby's International Realty www.summitsothebysrealty.com (435) 649-1884 2 014 Sales: $100 - $250 Million Who: Experts in Utah luxury properties with 10 offices in the state's top markets, including Park City and Deer Valley. Insight: According to Principal Broker Thomas Wright, "2014 was an outstanding year. We saw prices increase, and the demand for land was the best we have seen in several years. We believe 2015 will be our market's and our company's best year yet." Swan Land Company www.swanlandco.com (866) 999-7342 2014 Sales: $50 - $100 Million Who: Based in Bozeman, Montana, with offices in Salt Lake City, Utah, and Buffalo, Wyoming, the firm focuses on agricultural and recreational properties throughout the Rocky Mountain West. Wow: Sale of the Lazy J Ranch in Bozeman, listed at $40 million. Insight: "Interest in commodi- ty-based properties generating solid returns remains high," says Broker Mike Swan. Telluride Sotheby's International Realty www.tellurideluxuryproperties.com (970) 369-7700 2014 Sales: < $50 Million Who: Advisors in everything from iconic trophy ranches and estates to luxury homes and penthouse condominiums. Wow: Bringing to market Telluride's most exclusive estate "belonging to a Hollywood screen legend" for $59 million. Insight: "We saw an improve- ment in prices and continued focus on highest-quality assets at compelling prices in 2014," says Broker Bill Fandel. United Country Elevation Real Estate www.durangorealestatepros.com (800) 915-3060 2 014 Sales: < $50 Million Who: A Southwestern Colorado brokerage focusing on farm and ranch, development land, luxury homes, and country properties. Wow: Owner Shane Dawson earned the Accredited Land Consultant (ALC) designation, making him one of only 25 such professionals in the state. Insight: In La Plata County (Durango, Bayfield, Ignacio), "larger properties sold more infrequently but at a higher price point," Dawson says. United Country RealQuest Realty www.realquestrealty.net (970) 256-9700 2014 Sales: < $50 Million Who: Expertise in minerals and wetland mitigation as well as recreational ranches, agricultural properties, and wineries. Wow: Represented seller of a legacy ranch where the existing conservation easement was structured as an advantage to the new owner. Insight: "We had the best year since 2008; 2015 is starting off with a bang," says Owner Omar Richardson. Adds Broker Craig Ginter, "Purchasers see that the lifestyle segment of the market has recovered." Western United Realty www.ranchbrokers.com (307) 745-6024 2014 Sales: < $50 Million Who: Western ranch specialists. Wow: Sold the University of Wyoming's Riverbend Ranch with proceeds benefiting the UW Foundation. Insight: "Buyers are beginning to be cautious," says Broker James Rinehart. A M E R I C A ' S BEST BROKERAGES 90 The LandReport | S U M M E R 2 0 1 5 LANDREPORT.COM

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