One of America’s Biggest Ranches Is Hitting the Market for $142 Million
By Libertina Brandt - WSJ
The Horton family’s Great Western Ranch, which spans roughly 500,000 acres in New Mexico, covers more ground than the city of Houston.
The family behind home-building giant D.R. Horton is listing the Great Western Ranch, their roughly 500,000-acre cattle ranch in New Mexico. With roughly 790 square miles, the property spans more territory than the city of Houston. The listing comes on the heels of company founder Donald Ray Horton’s death earlier this year.
The family owns ranches across the country, including in Texas, Kansas and Oklahoma. They created this property by acquiring three adjacent ranches over the past 10 years, according to Jason Saulan, the regional manager of the family’s ranch portfolio. In 2014, the Hortons bought the first roughly 293,000 acres, which had an asking price of $59 million.
The Great Western is used as an active cattle ranch and for commercial hunting, said Saulan. There are currently 1,900 cow-calf pairs on the ranch; around 900 cows are available for purchase with the property. Read the full article on the Wall Street Journal.
