The Land Report

Rockies 2018

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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72 The LandReport | R O C K I E S 2 0 1 8 LANDREPORT.COM Although it endured some initial growing pains, including highly publicized bankruptcy proceedings, the Yellowstone Club ultimately created its own niche, thanks in large measure to Boston-based CrossHarbor Capital Partners. CrossHarbor's cofounder, Sam Byrne, was a club member when the club ran aground during the Great Recession. In 2009, his firm paid $115 million for the assets and pledged another $100 million for capital improvements. Unlike many opportunistic investors, Byrne was as commit- ted to the club's members and creditors as he was to his own investors. The results speak for themselves. Today, the club is thriving with nearly 700 member families and only 20 percent of its memberships remaining to sell. Building For the Future During the planning stages, diversity was a key consideration. Thanks to the ranch parcels and two- to three-acre lots, new members built custom homes of their choice. "There are no cookie-cutter homes here," says Dave Kisko of Yellowstone Club Realty. "People want to build their own nests. It's become a very streamlined process." More recently, buyer preference has led to the addition of more condominium units. According to director of sales Bill Collins, the immense amount of current construction is designed to fulfill the requests of members and the inventory needs of potential members. TEED OFF. Members and guests access the 18-hole Tom Weiskopf- designed mountain course (opposite) via this striking clubhouse (above). GIBEON PHOTOGRAPHY

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