The Land Report

2018.1

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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84 The LandReport | S P R I N G 2 0 1 8 LANDREPORT.COM Cielo Vista Ranch Colorado Seller: CVR Properties Seller's Brokers: Jeff Hubbard & Pat Lancaster, Mirr Ranch Group Buyer: Cielo Vista Ranch II LLC Buyer's Broker: Dave Palmerlee, Conservation Brokerage, Inc. D E A L O F T H E Y E A R 2 0 1 7 R A N C H L A N D F or eight months, Palmerlee worked with his client to finesse the complex legal transaction as well as to attend to the extensive due diligence required on dozens of fronts. The sale closed in August 2017. No financial details were disclosed. Almost immediately, the new ownership was the subject of intense speculation in the San Luis Valley. Palmerlee was nonplussed. "William may have a lot of irons in the fire, but he is extremely focused and very straightforward in his dealings. That was apparent from our first call and throughout the purchase process. Keep this thought in mind: The name of his investment company is Cathexis. If you open a dictionary and look up that word as I did, you'll see that cathexis is defined as 'the concentration of mental energy on a particular idea or object.' That's how William approached Cielo Vista, and I'm confident that is how he'll approach owning and operating that amazing property — effectively and decisively," he says. After the sale closed, Lancaster, who is a licensed outfitter in Colorado, transitioned from seller's broker to managing the hunting operation on Cielo Vista. Over the course of his career as a guide, his Lancaster's Outfitters has leased more than one million acres of private lands. The Colorado broker not only knows land; he also recognizes the integral role private landowners can play in enhancing ecosystems. Says Lancaster, "I couldn't ask for a better steward than William. He recognizes the unique resources in place at Cielo Vista as well as its status locally and regionally. He totally gets this ranch. That's why he got it." Cielo Vista's eastern boundary traces the jagged spine of the Sangre de Cristo Mountains as it extends more than 22 miles to include 14,053-foot Culebra Peak as well as 18 peaks over 13,000 feet.

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