Posts Tagged ‘Buying ranches land and farms’

Hacienda Pinilla Announces Auction to Secure New Owners, Fund Foundation

Tuesday, August 21st, 2012

August 21, 2012 (KANSAS CITY, Mo.) – Agroganadera Pinilla, S.A., the owner of Hacienda Pinilla Beach Resort and Residential Community, Guanacaste, Costa Rica, announced today that it will offer qualified investors and developers a unique opportunity to participate in an auction of the Hacienda Pinilla to accelerate the realization of the vision for the project. Additionally, net proceeds from the newly invested capital will be used to permanently fund the operations and charitable work of Guanacaste Ventures U.S., Inc., and its counterpart foundation in Costa Rica, Fundación Progreso Guanacaste, each established by Mr. H.G. (“Pat”) Pattillo, majority shareholder of Agroganadera Pinilla, S.A., to continue the work of the foundations focused on education, healthcare and affordable housing for the people of Guanacaste.

“For over 40 years, I have been blessed and enriched by the opportunity to be part of the Guanacaste community and feel as strongly now as ever about the importance of investing in its future. As I advance in my years, it is important for me to make certain that the work of the foundations continue after I am no longer able to personally ensure that funds are available for continuation of the foundations’ operations. It is our intention to secure a new investor for the project as soon as practical so that we can build on the work of the foundations, which has included the improvement or repair of over 45 schools in Guanacaste, local medical assistance, construction of affordable housing, and scholarships for Guanacaste young people to attend universities in the U.S. It is also important that we continue to build value in the project for the benefit of those that call Hacienda Pinilla home” said Mr. Pattillo, an entrepreneur and philanthropist from Decatur, Georgia.

United Country Real Estate, a premier global real estate brokerage and auction company specializing in marketing distinctive, investment grade real estate assets, has been engaged to assist Agroganadera Pinilla, S.A. to market the project to qualified investors internationally in cooperation with David Pinsel, Managing Director of Colliers International North Texas, and Patrick Duffy, President of Colliers International Houston. The property will be offered to the highest bidder subject to seller confirmation of the offer.

“The newly-renovated international airport – only a 45-minute drive from the project, with increased daily flights and passenger traffic – puts Guanacaste is on the ‘short list’ for global tourists and retirees. Hacienda Pinilla is the premier established resort in the area and combines all the amenities and convenience expected of a world class destination resort community and the best of what the Costa Rican lifestyle has to offer,” said Mr. Dan Duffy, Chief Executive Officer, United Country Real Estate. “There is a reason why the developers of the recently opened J.W. Marriott chose to build on this property. They were secure in the fact that the extensive in-place infrastructure, comprehensive permitting and extensive amenities which include a Mike Young designed 7,300 yard masterpiece 18 hole golf course, beach club and spa, fine dining, equestrian facilities, Certified Audubon International Sanctuary and world class white sand beaches would drive interest in their property…and they were right” added Mr. Duffy.

“Due to the scale of what is being offered to the market, approximately 4,450 acre master-planned and permitted communities and the unique opportunity for investors and developers to invest in a one of a kind project with exceptional infrastructure and “turnkey” operations, Hacienda Pinilla will be offered both in carefully articulated development parcels and in its entirety,” said Mike Jones, President, United Country Auction Services. “We are already receiving exceptionally strong interest in the project. With multiple beach and ocean front, golf course and mountain hotel and residential development tracts, equestrian ‘ranchette’ communities, retail and mixed-use sites there is really something for every developer serious about being part of a truly unique development opportunity in an exceptional part of the world.”

United Country Real Estate is the principal broker and auctioneer representing the seller for this offering in cooperation with Colliers International. Interested parties are welcome to visit www.HaciendaPinillaAuction.com or call 1-800-444-5044 or 1-816-420-6253 to learn more about the investment opportunities at Hacienda Pinilla.

About Guanacaste Ventures U.S., Inc., Fundación Progreso Guanacaste and Hacienda Pinilla

Guanacaste Ventures U.S., Inc., is a private non-profit organization dedicated to improving education, health and housing in the Americas. In cooperation with its sister foundation in Costa Rica, Fundación Progreso Guanacaste, Guanacaste Ventures U.S., Inc., has provided scholarships to Costa Rican students from the region of Guanacaste for use in attending U.S. colleges and universities. The foundations were established in 2005 by Mr. H.G. (“Pat”) Pattillo, the majority shareholder of Agroganadera Pinilla, S.A. The original idea was to use profits garnered from the Hacienda Pinilla Beach Resort and Residential Community to improve the lives and offer educational opportunities of the citizens of the Guanacaste region of Costa Rica. The foundations have used these funds to build and renovate numerous schools and houses, and to fund educational and healthcare initiatives, as well as provide scholarships, every year since its inception.

About United Country

United Country Real Estate is the largest fully integrated network of conventional and auction real estate professionals in the United States and Central America. The company has been an innovator in real estate marketing since 1925. United Country supports nearly 550 offices across the U.S., Costa Rica, Panama and resort areas of Mexico, with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing websites (more than 3,000 separate sites and traffic of approximately 3 million visitors per month), multiple United Country real estate catalogs with national distribution , an extensive buyer database and national advertising of local properties that reaches more than 90 million homes per week. United Country has recently been recognized by Franchise Business Review, AllBusiness.com, The Land Report, Entrepreneur and The Wall Street Journal as one of the top U.S. real estate companies.

About Colliers International

Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 522 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

Foreign Investment in US Ranch and Land Markets

Thursday, August 2nd, 2012

Fay Ranches Client Acquires Three Sites on Historic Jackson Hole Property

Monday, July 16th, 2012

Jackson Hole, WY, July 12, 2012 – Ranch Estate sites 11, 13 &14 at the
Bar BC Ranch in Jackson Hole, Wyoming have been acquired by a
client of Fay Ranches. Brokers Chuck Davison and Mike Jorgenson
represented the buyer—a longtime Fay Ranches client—in these
transactions. The combined asking price for the three ranches was
$23.5 million. With 53 acres, Site 14 is the largest among the
designated parcels that were drawn for solitude, vistas, and minimal
impact on wildlife habitat.

The Bar BC Ranch is a historic 1400-acre property with 17 ranch sites
located near Jackson Hole at the confluence of the Snake and Gros
Ventre Rivers. The original owners created the first guest dude ranch
in 1912 and also became conservation advocates for the Grand
Teton and Yellowstone areas.

“This is among the highest per acre real estate in the West,” observes
Jorgenson, based full time at the Fay Ranches office in Jackson Hole.
(more)“Bar BC is the most dramatic and unique property in the West,” Davison
emphasizes.

Only three ranch parcels remain for sale. Bar BC Ranch is a Hillwood
Communities development owned by Ross Perot, Jr.

Contact:
Juli Miller
208-788-4177 office
916-717-4118 mobile
jmiller@fayranches.com
www.fayranches.com

What Is A Conservation Easement?

Tuesday, April 24th, 2012

What Is A Conservation Easement?

Conservation easements convey a lawful interest in land where the landowner gifts or sells rights to a qualified entity like a land trust. The landowner retains full ownership with restrictions on activities they can do on the property. The landowner as well as land trust negotiate the restrictions and constraints that will be placed on the property. Conversation easements are voluntary negative easements, legally binding constraints on the usage of land for conservation, environmental, or historic purposes. They are granted in perpetuity and pertain to the land no matter who may own it in the future.

Landowners can sell or bequeath property that is covered with a conservation easement. Conservation easements can assist landowners in conserving their land, wildlife habitat, scenic areas or historic buildings. They are designed to satisfy the site-specific needs of the individual landowner and land trust. Conservation easements may also provide landowners with gift and property tax benefits.

Conservation easements might involve expenses for items including legal fees, survey and appraisal costs as well as other professional services. They are generally not a one-size-fits-all proposition. Landowners will have to completely understand the conservation easement and the benefits and limitations before signing. Numerous landowners didn’t have a full comprehension of what they were undertaking and therefore are now remorseful of having placed a conservation easement on their property.

Conservation easements are hard to draft and are costly to monitor and enforce over time. The land trust also must continue to keep track of the property to ensure that the landowner is not violating its terms. Landowners are notified when the land trust will be inspecting the property and the land trust has a legal right to enter the property. The land trust must also defend the conservation easement if legal action needs to be taken.

Conservation easements will become a more and more important conservation tool in the 21st century which will have significant benefits including better water and air quality as well preservation of natural resources. Landowners will hopefully educate themselves concerning the advantages and limitations of conservation easements to help make informed decisions. It is critical that landowners possess a full comprehension of what a conservation easement does and does not allowed them to do. Otherwise it is a recipe for conflict concerning the landowner and the land trust. If you’re searching for land for sale and locate a property that you might want that has a conservation easement, be sure to seek a professional who has an understanding of conservation easements so that you have a full comprehension of it before buying the property.

Learn more about Conservation Easements. Stop by Open Fences’ site where you can find out all about land for sale and the best property for you you.

Landowners And Wildlife Management

Thursday, April 12th, 2012

Wildlife management involves the employment of scientific knowledge and specialized skills for defense, conservation and management of wildlife in addition to their habitat. It is an interdisciplinary issue which includes biological, technological, social, economical and legal issues. Wildlife management requires expertise in species ecology, biology, behavior, and physiology of wildlife populations. Also, wildlife management studies, research and lobbying by special interest groups assist in selecting times of the year when certain wildlife species can be legally hunted, making it possible for surplus animals to be removed.

Early wildlife management projects focused on protecting against unregulated fishing and hunting for commercial markets. Modern wildlife management shares a few of the same goals and new methods are available for use by managers. It incorporates many of the concepts and uses of modern forest and habitat management with a thorough understanding of wildlife biology, ecology, and behavior. Wildlife Management demands lots of direct, hands-on experience.

A properly prepared wildlife management plan reads just like a recipe that landowners can follow to attain their wildlife management goals. These plans result in the establishment of trophy game populations, and may be used by landowners to obtain wildlife management property tax exemptions or managed lands deer permits in certain states. A carefully designed plan provides for a logical method for using a variety of habitat improvement practices and will often list wildlife management activities with the appropriate seasons and the sequence of events. Landowners should also consider how their wildlife management goals fit with other land use objectives for example farming or timber operations.

Components of a good wildlife management plan include:

1) Land management objectives and goals

2) A resource inventory

3) Site specific habitat improvement recommendations

4) A schedule for executing management practices

5) Documentation and assessment of management efforts as well as their impacts on wildlife habitat.

The rise in private wildlife management, along with the latest trend toward more non game management (often involving more general funding), will have important effects. Intangible benefits from wildlife management may include the joy created from observing wildlife, the pleasure of providing desirable habitat species and the satisfaction from receiving acknowledgement for conservation efforts. For example, an owner may implement a wildlife management plan to enhance wild bird populations and also operate a business in which birdwatchers stay on the land overnight and observe birds during the day (known as a bird-and-breakfast operation).

Landowners are among the best wildlife managers. They have an interest in making certain the wildlife and habitat is managed and maintained at a high level. Visit a local landowner and inquire about their wildlife and habitat management and many times the landowner share with you with great pride what they’ve done to enhance the habitat and wildlife populations.

Want to find out more about Wildlife Management, then visit Open Fences to find the best Wildlife Manager for your hunting property.

Wind and Wind Rights

Wednesday, April 4th, 2012

Wind is an energy source to be used by consumers along with gas, coal, hydropower and nuclear energy. It is an example of kinetic energy, and some of that kinetic energy can be adapted into electricity and can be harnessed to make mechanical power as well. It is mathematics, art, power and science all at the same time. Power produced by wind must be integrated into and compatible with the existing electric power network grids.

Wind power is developing most rapidly in states with policies that facilitate the growth of renewable power technologies. Wind Energy has been met with some resistance, however it is the fastest growing source of energy in the world and is inexhaustible and non-polluting. It is one source of renewable energy that is being used more often and has seen a large increase in prevalence during recent years. Wind Energy is a clean and renewable source of electricity, but it is not constantly available at a steady rate. It is very abundant in many parts of the United States and is one of the oldest forms of energy used to supplement human muscle using wind turbines.

Wind rights are established by the wind energy corporation with a property owner where a wind turbine will be installed by way of a lease agreement. Wind rights and access to natural wind flow raise important legal issues, policy questions, opportunities, and financial risks for landowners and their neighbors, as well as for wind facility developers. In general wind rights leases cover all or most of your property, not just the space the turbine will sit on, unless your contract specifies otherwise. Valuation of wind rights, various types of legal agreements, contract drafting and different legal aspects are addressed when dealing with a client looking to sell his wind rights or a property that has a Wind Rights Lease, as opposed to a client looking to develop a wind farm.

When you lease your wind rights, you may end up with some restrictions on how you can enjoy or use your own property. Contracts regarding wind rights must be written to protect the landowner, yet also give wind power developers incentives to construct wind farms. The average suggested wind rights lease is 25 – 30 years but some are written for much longer. Your decision to lease the wind rights on your property may dramatically impact your ability to sell your property or develop other uses for it. Careful consideration must be taken when leasing or selling your wind rights. Wind rights are going to be as valuable as mineral rights and water rights in many areas and therefore should not be taken lightly.

The Basics of Easements

Saturday, March 24th, 2012

When buying farms, ranches or land something that you must be aware of and run into frequently is easements. An easement is an irrevocable right to the use of another person’s property. Easements are often misunderstood and this misunderstanding of easements can lead to significant headaches later down the road after closing on a property.

One of the first basic things to determine about the easement in question is, is it appurtenant or in gross. An in gross easement is an easement for the benefit of a person whether they own property or not and does not pass with the land. For example if an in gross easement was granted by a neighbor to fish on their property to Joe and Joe sells his property, Joe’s easement does not pass to the new owner. Joe would still have the easement to fish on the neighbor’s property. However, if an appurtenant easement was granted for Joe to fish on the neighbor’s property then the easement would pass with the land at the time of sale to the new owner. As you can see, it is very important to determine what type of easement it is before you purchase a property.

Something else that you will want to be aware of is there are times where there may not be a written easement but there may be an implied easement or a case for a prescriptive easement. These are easements to research more if you are purchasing property where others are using the property on a regular basis without a written easement. Even though there is not an easement in writing they may be able to establish an easement if they can meet and prove certain criteria. In which case, you would have to continue to grant the easement.

Easements are something that you will run into often when purchasing property. They may be utility easements, rights-of-ways, oil and gas easements, easements for access to property, etc. You will want to understand them and how they will impact your use and enjoyment of a property.

There are many other types of easements and far too many details to discuss in this short article. If you would like to know more about easements, consult your broker or attorney.

Master Saddler – RICHARD CASTELOW

Thursday, November 24th, 2011

Richard Castelow’s road to becoming a Master Saddler could easily be chronicled on the silver screen. He joined the Household Cavalry Mounted Regiment at age fifteen and by the age of twenty, was selected to join the Household Cavalry Saddle shop in Knightsbridge, London.

After rigorous teaching and training under four different master saddlers, undergoing a sum total process similar in scope to gaining a PhD, Castelow was certified a Master Saddler in 1988. Quickly gaining an outstanding reputation, he was appointed as the first ever Master Saddler to Queen Elizabeth II, based at the Royal Mews, Buckingham Palace.

After four years with the Royal Household, Castelow moved to the
United States to use his knowledge and expertise for the benefit of American riders: “What I’ve done is I’ve taken the unique parts of French and German saddles to create an American saddle that is unique to the American market,” comments Castelow. (http://www.chronofhorse.com/article/richard-castelow-creates-saddles-fit-queen).

Where many saddle trees are made of plastic, a material that has very little flexibility, Castelow’s saddles contain five layers of laminated Beachwood to absorb movement. “When I design my saddles, I keep in mind that there are three moving objects, and my job is to eliminate as much movement as I can with the saddle to make the horse, rider and saddle move in harmony,” states Castelow. His dedication to mastering his craft helped him turn a natural talent into a phenomenon and those who ride a Castelow saddle never go back.

www.richardcastelow.com

To find ranches for sale where you can ride and try out a new Castelow saddle visit www.landbrokermls.com

Proper Ranch, Farm, and Land Planning After Closing

Wednesday, August 26th, 2009

It never ceases to amaze me how many people fail to put in place a proper overall plan for their ranch, farm, or recreational property. They decide where they will put the house and maybe a barn but never think further down the road and ask themselves “What do I want my property to look like in twenty years and how do I plan to utilize it?”

When putting a property plan together you need to consider at the very minimum:

1. What do I want to utilize the property for? Raising cattle or horses, hunting, recreational….

2. What type of facilities will I need? Barns, corrals, cattle working facilities, fencing, feed storage, etc. You will want to plan out placement of facilities as far out as you can even if you cannot afford to build all of the facilities at once.

3. How will the facilities work together? ie. You would want your feed storage close to where you will do most of your feeding yet allow for easy access for trucks for unloading. You will want your cattle working facilities to work with your pasture layout so that you can drive cattle to them easily.

4. Where will your utilities be located?

5. Where will your water wells and storage be located and how will I transport water to where I need it?

Depending upon the use planned for your property you will need to consider other factors. Planning in advance will save you many headaches and result in an aesthetically appealing, well planned property instead of a hodgepodge property. You may be limited on what you can do if you purchase a property that already has facilities in place. However, you will still want to layout an overall use plan.  For example you may have bought a Montana ranch that already has facilities built for working cattle but you plan to utilize the ranch for a horse breeding, boarding, and training property. Therefore, in your plan you will want to address the change in use and determine what existing facilities can be used, which existing facilities will need to be replaced and which facilities will need to be added in order to utilize the property to the fullest extent as a Montana Horse Ranch.

Why Selling Now is Not A Bad Thing

Monday, July 27th, 2009

While this does not apply to all sellers, many sellers can take advantage of today’s market. Sellers who have high levels of equity are in excellent position to capitalize on the current real estate market. How, you say?

First you have to retrain your sellers to think differently. During the land boom sellers might have gotten several offers and many times they would end up getting full asking price and sometimes more than asking price. As this became common place, sellers would turn down a lot of offers because they were seeing other sellers get full asking price offers and the property was not on the market very long. Now that we are in a down market sellers still have  not changed their way of thinking. They are still turning down those initial offers hoping for that higher offer because they do not want to miss out by selling too soon.

However most times a higher offer never comes and they end up lowering their price and many times accepting an offer that is even lower than previous offers. Sellers need to realize that they need to capitalize when they can in today’s market because buyers are more scarce. Also, even though they may be selling at a lower price than they would have a few years ago, they will also be able to buy a replacement property at a lower price than they would have paid a year few years ago. Smart sellers can sell their property and then capitalize by purchasing land, farms, and ranches at significant discounts especially if you find a seller who passed on the first few buyers and now are anxious to sell.

Buyers have much more bargaining strength in today’s market. However, many of your would be buyers need to be freed of their fear to act so they can capitalize on the buyers they are able to attract and become buyers themselves to take advantage of the opportunities that are available now.