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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90 The LandReport | S U M M E R 2 0 1 6 LANDREPORT.COM A M E R I C A ' S BEST BROKERAGES Lockhart Real Estate www.jlockhartrealestate.com (830) 234-3415 2015 Sales: > $50 Million Who: 30-year leaders in large ranches capable of sustaining livestock and hunting operations. Insight: "With world turmoil, cheap oil, a jittery stock market, and the presidential election year, trying to predict the 2016 real estate market is like picking a winner at a poker game," says Broker Jesse Lockhart Jr. Mossy Oak Properties of Texas www.moptex.com (888) 667-8391 2015 Sales: $50 - $100 Million Who: Specialists in rural and recreational land with an emphasis on hunting tracts, cattle ranches, timber tracts, and recreational properties. Insight: "The market was brisk for most of 2015 with cash remaining the primary driver," s ays Broker Steve Baxter. No Fences Land Company www.nofencesland.com (866) 800-5263 2015 Sales: < $50 Million Who: Recreational hunting property authorities throughout Texas, Oklahoma, and Kansas. Insight: Steady stream of buyers despite low inventories. Republic Ranches www.republicranches.com (888) 726-2481 2015 Sales: $100 - $250 Million Who: Industry leader in large ranches, farms, and recreational tracts throughout Texas, New Mexico, and Oklahoma with expertise in wildlife management, irrigated farmland, lake construc- tion, conservation easements, traditional agriculture, and w etland habitats. Wow: Sold 4,500-acre Enchanted Rock Ranch in the heart of the Texas Hill Country, which was listed for $19.35 million. Insight: Cautionary fears due to falling energy prices failed to hinder savvy investors seeking to use land as a multigenerational wealth-preservation asset. The Ranch Advisors www.theranchadvisors.com (972) 599-7000 2015 Sales: < $50 Million Who: Jim BroscheĢ and Jim Strawn specialize in ranches, and investment-grade properties. Wow: Sold 1,253-acre Drop Tine Ranch, which was listed for $5.5 million, and 791-acre Diamond M Ranch, listed for $4.4 million. Ranch Connection www.ranchconnection.com (817) 336-3850 2015 Sales: $ 50 - $100 Million Who: Founded in 1984, this ranch brokerage has offices in Fort Worth and in Austin. Wow: Listed Wimberley's pristine Eagle Rock Ranch. Texas Ranches for Sale www.texasranchesforsale.com (830) 249-9339 2015 Sales: < $50 Million Who: Experts in high-end hunt- ing ranches, recreational ranches, and live water properties throughout Texas. Insight: "Even with oil prices down in 2015, buyers were still very active," says Broker Ken Hoerster. "We saw a good amount of cash deals last year and have seen a surge of buyers in 2016."

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