The Land Report

Summer 2017

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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106 The LandReport | S U M M E R 2 0 1 7 LANDREPORT.COM FarWest R&C Sales/Mgt Co. (775) 829-2122 2016 Sales: $50–$100 Million Who: Nearly three decades of e xpertise in ranches, estates, and waterfront property throughout Northern Nevada and California. Wow: Sold the Diamond S and C S Ranches consisting of 11,400 deeded acres plus 11 miles of the Humboldt River. Insight: "The 2016 market showed an increase in interest in legacy property investment," says Pete Nevin. "I believe people are beginning to realize that investing in real estate is a good strategy for asset preservation." Harrigan Land Company (800) 524-1818 2016 Sales: $50–$100 Million Who: Family-owned ranch brokerage specializing in hunt- ing, fly-fishing, and recreational ranches in Colorado, Wyoming, New Mexico, and Utah. Wow: Sold the $14.95 million Laramie Range Ranch outside of Laramie, Wyoming. Insight: "Rising oil prices and a record-breaking run of the Dow Jones Industrial Average has encouraged many buyers back into the high-quality ranch market," says Hunter Harrigan. Hayden Outdoors (970) 674-1990 2016 Sales: $100–$250 Million Who: Founding partners in the LandLeader network, specializ- ing in complex real estate sales and marketing across an eight- state region. Wow: Closed more than 200 transactions in 2016. Insight: Motivation in the market spiked at the end of 2016 with the first half of 2017 looking to shatter records. L&K Real Estate (406) 995-2404 2016 Sales: < $50 Million Who: Boutique Montana bro- k erage with expertise in luxury lifestyle properties along with ranch and recreation. Wow: Listed Limestone Creek, a 40-acre recreational property on a creek within minutes of downtown Bozeman. Insight: Ranches with strong recreational components and scenic qualities continue to drive ranch sales in Montana. Increased supply saturated the market in the $5 to $15 million range, forcing substantial price reductions in many areas. The Land Brokers (406) 930-5263 2016 Sales: < $50 Million Who: Emphasis on land, farm, ranch, and recreational real estate opportunities in South Central Montana. Legacy Properties West Sotheby's International Realty (970) 624-0444 2016 Sales: $100–$250 Million Who: Experts in ranch, estate, resort, second home, and legacy properties throughout Southwest Colorado. Wow: The $13.5 million sale of Indian Shadow Ranch, 1,769 acres with a mile of improved La Plata River near downtown Durango. Insight: Anticipating a strong market in the first half of 2017 with the second half of the year dependent upon economic results and the political climate. Live Water Properties (307) 734-6100 2016 Sales: $ 100–$250 Million Who: Leaders in hunting, agricultural, fly fishing, and conservation properties through- out the Rocky Mountain West. Wow: M ore than $38 million in transactions in Montana including multiple off-market trophy sporting ranches aggre- gated for clients. Insight: Strong start to 2017 with significant buyer activity across all markets. Lone Eagle Land Brokerage (970) 249-4300 2016 Sales: $50–$100 Million Who: Ranch and recreational specialists who focus on Western Colorado. Wow: "We were privileged to be involved with, for the fourth time in our career, the sale of the Chimney Peak Ranch just east of Ridgway, Colorado," says Joey Burns. "When you have worked with a property so much, you realize how special some ranches are, and it is always such a bless- ing to be involved in the transfer of these special places." Insight: The market in the Montrose/Telluride region of Colorado will thrive in 2017. Mason & Morse Ranch Company (877) 207-9700 2016 Sales: $100–$250 Million Who: Longtime authorities in farm, ranch, luxury, and recreational real estate. Insight: "Overall, we expect 2017 to be a more active year with stronger buyer interest in all categories, steady to lower prices, and adequate to increas- ing inventories," says Bart Miller. "Demand from buyers will be driven by income consideration and value. It is yet to be seen if the stock market is overvalued. H owever, the lack of other investment opportunities will keep buyer demand strong but discerning in the land market." Mirr Ranch Group (303) 623-4545 2016 Sales: < $50 Million Who: Denver-based leaders in income-producing farms and ranches, sporting properties, real estate with conservation values, and unique landscapes adjoining national parks and public lands. Insight: A significant uptick in sales in Q1 2017. Wow: Just brought $100 million Cross Mountain Ranch to mar- ket. One of the largest and most diverse recreational properties in the West, it includes 56,050 deeded acres plus 168,000 acres of leased public lands. Mossy Oak Properties Colorado Mountain Realty (719) 686-8744 2016 Sales: < $50 Million Who: Area experts in mountain ranches as well as hunting and fishing properties ranging from $200,000 to $10 million. Wow: Listed 980 acres of vacant land in June and closed in September for $2.5 million. Newman Realty (307) 532-7131 2016 Sales: > $50 Million Who: Specializes in farm, ranch, and recreational properties throughout the High Plains. Raich Montana Properties (406) 223-8418 2016 Sales: > $50 Million Who: Proven expertise in high-quality ranch and recreational properties. Wow: Represented both buyer A M E R I C A ' S BEST BROKERAGES

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