Judge Mark Mullin of the US Bankruptcy Court for the Northern District of Texas approved the sale of the KC7 Ranch to Paul Foster of El Paso for $32.5 million. The 37,847-acre property, which sits 190 miles east of El Paso, includes 5,579 leased acres and 32,268 deeded acres. The KC7 Ranch was previously listed for $52 million with James Sammons on Briggs Freeman Sotheby’s International Real Estate. “It’s a good ranch, he likes it, and it was a good price,” said William Kell in an interview with the El Paso Times. Kell is a vice president at Franklin Mountain Management, a company that manages many of Foster’s real estate holdings.
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