Hertz Real Estate Services
2012 Sales: > $150 Million
Who: A mainstay in the Midwest market business since 1946, this employee-owned firm specializes in farmland with particular expertise in working with landowners who do not farm the land themselves. One of Hertz’s Accredited Farm Managers, Brent Bidner, was honored as the 2012 National Farm Manager of the Year by the American Society of Farm Managers and Rural Appraisers.
Wow: Hertz Real Estate Services represented the buyer of a 9,755- acre portfolio of properties for $67.5 million. Budgeted gross cash return was 5%.
Insight: “Values of quality Midwest farmland increased over 20% last year, and farmland values in 2013 continue to be strong,” says Randy Hertz, AFM, ALC, CFP.
Pictured Above: This 37 acre tract of farmland in Buchanan County, Iowa, features quality soils.
Download the Spring 2013 edition of The Land Report for the complete listing of our third annual survey of the country’s leading real estate firms specializing in land.