The Land Report

Summer 2016

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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70 The LandReport | S U M M E R 2 0 1 6 LANDREPORT.COM Insight: "2015 was a transition year," says Broker Pete Nevin. "The market is definitely picking up for farms, ranches, unique legacy properties, etc." Fuller Real Estate www.fullerwestern.com (303) 534-4822 2015 Sales: < $50 Million Who: Specializing in the sale of working ranches, farms, hunting, and recreational properties pri- marily in Colorado and Wyoming. Insight: "There is a looming sense of a market correction, but we feel that overall confidence in ranch real estate will continue in 2016," says CEO Burt Fuller. "Price is still a major factor; any- thing overpriced continues to sit idle." Harrigan Land Company www.harriganland.com (800) 524-1818 2015 Sales: $50 - $100 Million Who: Family-owned ranch bro- kerage concentrating on high- end fly-fishing, hunting, and recreational ranch property. Wow: Strong ranch sales in Colorado, Wyoming, and New Mexico with 2016 off to a solid start thanks to a $14.95 million Wyoming sale. Insight: A volatile stock market combined with low interest rates drove investors toward high- quality recreational ranchland as an investment, particularly when the property can do double duty as a personal or corporate retreat. Hayden Outdoors www.haydenoutdoors.com (970) 674-1990 2015 Sales: $100 - $250 Million Who: Colorado-based land bro- kerage excelling in leases, land management, and property mar- keting including all forms of media in connection within the LandLeader network. W ow: Sale of Laramie Range Ranch at $14-plus million, which closed in early 2016. Insight: Downward momen- tum in farm and ranch owing to low commodity prices plus the oil and gas industry woes. Jordan & Company Real Estate www.jordancorealestate.com (406) 222-1623 2015 Sales: < $50 Million Who: Leading ranch, acreage, and recreational land experts in Montana's Paradise Valley since 1977. Insight: The regional market remained strong for appropriate- ly priced properties throughout 2015. L&K Real Estate www.lkrealestate.com (406) 995-2404 2015 Sales: < $50 Million Who: Boutique Montana bro- kerage with expertise in high- end lifestyle properties as well as ranch and recreation. Wow: Represented the buyer in the sale of the $17 million Chimney Rock Ranch near Big Timber, Montana. Insight: Continued strength of $10-million-plus properties, par- ticularly those with substantial cattle and/or farming compo- nents. Legacy Properties West Sotheby's International Realty www.legacypropertieswestsir.com (970) 624-0444 2015 Sales: $50 - $100 Million Who: Experts in ranches, estates, legacy properties, resort, and second homes throughout Colorado and New Mexico. Wow: Listed the 2,215-acre Taylor Canyon Ranch, one of the largest near Pagosa Springs, at $16.5 million. I nsight: "Texas oil markets had a significant impact on sales in the region," says Founder Tom Morse. Live Water Properties www.livewaterproperties.com (866) 734-6100 2015 Sales: $100 - $250 Million Who: Ranch brokerage firm specializing in premium fly-fish- ing, hunting, agricultural, and conservation properties through- out the Rocky Mountain West. Wow: Sold more than $130 mil- lion in ranch real estate in Wyoming in the last two years. Insight: Solid activity with well- priced inventory garnering the most attention. Lone Eagle Land Brokerage www.eagleland.com (970) 249-4300 2015 Sales: < $50 Million Who: Highly specialized farm and ranch brokerage based in Durango, Colorado. Wow: Owner Joseph Burns was named Colorado Ranch Broker of the Year by the Realtors Land Institute. Insight: "Recreational ranch sales were off statewide," says Burns. "We had significant transactions that were delayed as they were tied to the sale of a relinquished property." Mason & Morse Ranch Company www.ranchland.com (970) 928-7100 2015 Sales: $100 - $250 Million Who: Leaders in the sale of working ranches, luxury moun- tain ranches, guest ranches, agri- cultural farmland, and timber- land plus hunting and recre- ational lands. Insight: Overall, the land market was active in 2015, says Managing Broker Bart Miller. "Buyers did take a short pause to catch their breath in the third quarter but showed purchasing power late in the fourth quarter." Mirr Ranch Group www.mirrranchgroup.com (877) 623-4545 2015 Sales: $100 - $250 Million Who: Experts in income-pro- ducing ranches and farms, sport- ing properties, real estate with conservation value along with unique landscapes adjoining National Parks and public lands throughout the West. Wow: Sold JE Canyon Ranch — one of Colorado's largest private ranches and wildlife preserves — to The Nature Conservancy for $21 million. Learn more about this transaction on page 96. Insight: 2015 was the firm's best year yet with sales in all key markets: Colorado, Wyoming, New Mexico, and Montana. Mossy Oak Properties Colorado Mountain Realty www.coloradolandcabins.com (719) 686-8744 2015 Sales: < $50 Million Who: Specializing in rural Colorado recreational properties, land, and ranches since 1983. Wow: Sold 1,019 acres of vacant land for $1.75 million. Insight: Brisk, steady activity characterized the market. Newman Realty www.newmanrealty.com (800) 658-4431 2015 Sales: > $50 Million Who: Wyoming-based experts in farm, ranch, and recreational properties across the High Plains. Wow: Sold a $1.8 million farm in two days for $5,000/acre. Insight: "I believe the market will be leveling off, and the inventory will slightly increase," says Owner Blair Newman. A M E R I C A ' S BEST BROKERAGES

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