Photos and video / Briggs Freeman Sotheby’s International Realty
With falling oil prices, investors are betting it will be an opportune time to buy Texas ranchland, according to a report by the New York Times.
Jay Ellis of Dallas-based Sporting Ranch Capital is raising $100 million from investors to buy “trophy ranches” that owners want to sell “quickly and quietly” – as their personal portfolios fluctuate with the price of oil.
Looking for an idyllic escape from the city? Come to the beautifully rugged Palo Pinto Mountains about an hour west of Fort Worth. There you will find the Lazy H horse and cattle ranch at 521 Indian Creek, which could be a resort, a hunting and fishing getaway or a planned residential development.
With 35 acres of coastal Bermuda grass everything is in place for ranch and cattle operations, including 15 tanks, paddocks, a corral, covered turnout pens, a barn, an arena and working pens and chutes.
The historic Robinson Ranch, at Farm Road 962E in Round Mountain, was established in 1885 in the heart of the Texas Hill country in Blanco County. Listed for $23,162,500. Photo / Briggs Freeman Sotheby’s International Realty
A few days before we sat down last year to celebrate Thanksgiving, I was pleased to host 18 Chinese businessmen and investors in our Dallas office. They were here to discuss the growing global interest in land, particularly Texas farm and ranch land.
A few weeks before, I led a four-member team of international real estate experts on a 12-day, five-city tour of China to meet with Chinese bankers, real estate investors and corporate leaders to spark their interest in North Texas properties. In each city, we found Chinese businessmen, wealthy investors and professionals who have a strong interest in U.S. real estate. They want to buy homes. And they have a strong desire to own Texas ranches, farms and land.
The Chinese are not alone. I’ve made similar trips to Europe and India to discuss the worldwide interest in Texas ranches and farmland, and the Sotheby’s Dubai affiliate recently asked for information on every property Briggs Freeman Sotheby’s International Realty has access to in Texas because of strong Middle Eastern interest in the Lone Star State.