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    Big Real Estate News

    Iconic North Texas ranch lands buyer who can swing $725 million asking price

    Candy Evans
    Feb 11, 2016 | 10:22 am

    Remember the W.T. Waggoner Estate Ranch, which was on the market for $725 million? Well, someone is about to shell out the dough: Los Angeles Rams owner Stan Kroenke and his wife, Ann Walton Kroenke, the billionaire niece of Wal-Mart founder Sam Walton, were approved by the courts to buy the 800-square-mile ranch located northwest of Wichita Falls near the Red River.

     

    Dating back to 1849, and spanning six counties, it’s the biggest contiguous ranch property in the United States. It also is quite possibly the country’s most expensive piece of dirt.

     

    The property has more than 1,000 producing oil wells, with the new buyer inheriting roughly 42 percent of the entire mineral estate. The 167-year-old ranch also includes thousands of cattle, hundreds of horses, and 30,000 acres of farmland.

     

    Waggoner Ranch was first put on the market in August 2014, but Uechtritz says he really stepped up the marketing in January 2015. Like most families, the heirs of cattle and oil baron W.T. Waggoner argued over whether the ranch should be sold. Finally, a judge decided.

     

    Local brokerage Briggs Freeman Sotheby’s International Real Estate was the major broker involved in the historic transaction. Closing will take place in “a normal time for a deal like this,” says Bernard “Bernie” Uechtritz, the agent who pulled off the deal.

     

    “This shows that iconic ranches like this can be sold in today’s market with the right strategies and international exposure,” Robbie Briggs says. “We had potential buyers from all over the world. But it turns out the buyer has very strong Texas connections.”

     

    “We had a tremendous amount of international interest from South Korea, China, Russia, South America, really from everywhere,” Uechtritz says.

     

    In the end, it was a competitive bidding process by more than 20 or 30 individuals and their teams. “There were a half a dozen bidders in the final group (each of whom had to pony up a $15 million refundable deposit), out of whom we chose one,” Uechtritz says. The judge approved the choice on February 9.

     

    Kroenke, a Missouri-born real estate developer, has investments in a number of sports franchises, including the NFL’s LA Rams, the NBA’s Denver Nuggets, the NHL’s Colorado Avalanche, and the English Premier League’s Arsenal F.C. in London.

     

    You may recognize his real estate company, the Kroenke Group. They are building out the new Preston Hollow Village complex over on North Central Expressway at Walnut Hill Lane in partnership with Provident Realty.

     

    Kroenke is also a partner in the Midtown Park development on Meadow Road, and still owns the land under the old Sam’s Club on Park Lane east of Greenville, plus other properties in Uptown and downtown. He also has interests north of Dallas in Denton and the high-growth area on Highway 380.

     

    Kroenke, one of the nation’s biggest landowners, has ranches throughout the United States and Canada, including Montana, Wyoming, and, now, Texas.

     

    “This is an incredible opportunity and an even greater responsibility,” says Kroenke in a 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.

     

    “We will continue to preserve and protect this uniquely American treasure.”

     

    Waggoner Ranch will be folded into the operations of the U.S. division of Kroenke Ranches — an affiliated company of Kroenke’s Sports Enterprises, which is based in Denver — and the land will come first, says the group’s general manager Sam Connolly.

     

    “We are excited about integrating this second-to-none ranch with our ranch holdings in the United States and in Canada,” Connolly says. “This acquisition ties in perfectly with our cattle, wheat, horse, and natural resource operations. We look forward to learning from and building on the remarkable heritage of this crown jewel of ranching.”

     

    ---

     

     A version of this story originally was published on Candy's Dirt.

    Waggoner Ranch was on the market for $725 million, quite possibly the most expensive land in the U.S.

    Waggoner Ranch
      
    Photo courtesy of Briggs Freeman Sotheby’s International Realty
    Waggoner Ranch was on the market for $725 million, quite possibly the most expensive land in the U.S.
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    Pets News

    Dallas ranks as 2nd most pet-friendly place to rent in 2024

    Amber Heckler
    Jul 7, 2025 | 11:43 am
    Pet friendly apartment, cat
    Photo by Huy Phan on Unsplash
    Rentals in Dallas that allowed pets leased three days sooner than units that didn't allow pets.

    A new market trend report from Zillow has confirmed that pet-friendly rentals are leasing much faster than non-pet-friendly units, and Dallas' rental market had the second most pet-friendly rental listings on Zillow in 2024.

    The report, called "Saying Yes to Pets Helps Landlords Find a Tenant Faster," analyzed more than 11 million rental listings that appeared on Zillow last year to discover the share of pet-friendly rental listings in the biggest U.S. metros. The report also calculated the median number of days it took for pet-friendly units to find a tenant faster than those that did not allow pets.

    The Lone Star State led the nation with the most pet-friendly rental listings on Zillow out of all 50 states last year. Nationally, only 57 percent of rental listings in the U.S. allowed pets, which is a disappointing amount when compared to the major Texas cities.

    The data revealed Dallas has a deep appreciation for pets, with 79 percent of rental listings in the city allowing tenants to have furry best friends.

    Dallas fell second only to Austin, where pet-friendly rentals accounted for 80 percent of all citywide listings on Zillow in 2024. San Antonio ranked right behind Dallas with the third highest share of rentals that allowed pets, at 78 percent. Don't mess with Texas pets, y'all.

    Surprisingly, Houston appeared at the bottom of the list as the U.S. metro with the smallest share of rental listings that allowed pets, at just 38 percent.

    The report additionally found that pet-friendly rentals in Dallas were leased three days faster than units that don't allow pets. For comparison, it took about eight days for the median U.S. pet-friendly rental to lease sooner than its non-pet-friendly counterpart.

    In a separate survey of the "typical American renter," Zillow discovered more than half of renters declined to lease a certain property because it didn't allow pets.

    "Renters have more leverage than in quite some time after last year's multifamily construction boom, and the data show allowing pets can make a difference in leasing out a unit quickly," the report said. "The median renter is getting older, and more renters now have a pet. Nearly six in 10 renters are pet owners, up from 46 percent before the pandemic."

    In Austin, rentals that allow pets lease 10 days sooner than non-pet-friendly units, and that number slows down to six days sooner in San and just one day faster in Houston.

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