Land Report 100er Stan Kroenke acquires Texas’s biggest ranch under one fence.
Stan Kroenke has been approved by a Texas court to purchase the 510,527-acre Waggoner Ranch. The historic transaction will be the first-ever sale of the Waggoner Ranch, which was established in 1849, spans six Texas counties, 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.”
Joel Leadbetter of Hall and Hall in Bozeman and Sam Connolly, General Manager of Kroenke Ranches, represented Stan Kroenke. Sam Middleton of Chas. S. Middleton & Son in Lubbock and Bernard Uechtritz of Briggs Freeman Sotheby’s International Realty in Dallas represented the owners.