Stan Kroenke Approved As New Owner Of W.T. Waggoner Ranch

 

Stan Kroenke Approved As New Owner Of W.T. Waggoner Ranch

Announces The Land Report

Waggoner Ranch-Texas-BFMG-Content Marketing-Stan Kroenke has been approved by a Texas court to purchase the 535,000-acre Waggoner Ranch. The historic transaction will be the first-ever sale of the Waggoner Ranch, which was established in 1849, spans six Texascounties, and covers almost 800 square miles. The ranch’s asking price was $725 million; no terms were disclosed. The acquisition will vault Kroenke from the country’s ninth-largest private landowner to the fifth largest in the nation with total ownership of more than 2,000 square miles (1.38 million acres).

“This is an incredible opportunity and an even greater responsibility,” Kroenke said in a press release. “We are honored to assume ownership of the Waggoner — a true Texas and American landmark — and are deeply committed to continuing the proud legacy of W.T. “Tom” Waggoner, his family, and his descendants. Our gratitude to them and to the many parties involved in this process is immense. We will continue to preserve and protect this uniquely American treasure.”

Bernard Uechtritz, international real estate advisor to Briggs Freeman Sotheby’s International Realty in Dallas, and Sam Middleton of Chas. S. Middleton & Son in Lubbock represented the owners in marketing and securing the buyer for the Waggoner. Joel Leadbetterof Hall & Hall in Bozeman and Sam Connolly, General Manager of Kroenke Ranches, represented Stan Kroenke.

The selection of Mr. Kroenke and potential sale bring to a close an unprecedented global marketing effort,” said Bernard Waggoner Ranch-Texas-Counties-BFMG-Content MarketingUechtritz, one of the seller’s representatives. “The sale of the Waggoner was an extraordinarily complex and multi-faceted process, and its successful culmination is a tribute to the many people, teams and layers of teams representing all sides behind the process.”

Working with Stan Kroenke and his team at Kroenke Land and Cattle to help him build such an extraordinary multi-faceted agribusiness operation has been a high point for all of us at Hall & Hall,” said Joel Leadbetter. “Knowing that incredible history of the Waggoner will be shepherded by such a dedicated steward brings all of us tremendous satisfaction.”

About The Land Report
Founded in 2007, The Land Report is an award-winning quarterly magazine focused on America’s greatest resource: the land. Its readership includes landowners, land brokers, investors, outdoor enthusiasts, and anyone who cares for and about the land.

SOURCE The Land Report

More Stories & Fun Things to Do

Travel

Leaf-Peeping is Around Every Corner in the Northeast

Believe it or not, leaf-peeping is just around the corner – every corner when you’re talking about the North East section of the United States. And even though you may still be sweating and enjoying the last lazy days of summer, it is right now when you have to plan that ultimate vacation that is all about slowing down and, quite literally, taking in the view.

Business

Need a Job in 2017? Feel “Free” to Make One for Yourself

One truth in the business world, when it comes to careers, is that being a “freelancer” is what most people want to do. In fact, it has become one of the most popular career choices in 2017. Not really a shock, seeing as that job security has basically gone out the window. There are lists of industries that want freelancers (and, no, you do not have to be a computer genius for most of them.)

Entertainment

Comedy Icon Talks about Entertaining the Troops on Overseas Tour

George Lopez’s multi-faceted career has encompassed standup comedy, TV series, feature films, and hosting and guest appearances on television. For two seasons, he starred on TBS\’ \

Health

Making Your Health “Resolute”

It is time for those New Year’s Resolutions to be made

Books

Book of Black Heroes

“The first African-American political leaders began to serve following the Civil War…Known as Reconstruction, this period represented a window of opportunity for African-Americans… Many [Black] political leaders emerged during this period, using their political power and influence to push for equality and justice for all Americans… Unfortunately, the Reconstruction period was short-lived, lasting only from 1865-1877.