Hines Acquires 1,476-Acre Brown Ranch Development Site In Fort Worth From Brown Family

The property involved in this transaction is a development site known as Brown Ranch, located in Fort Worth, TX. The site spans 1,476 acres and is intended for the future development of a residential community comprising of 3,800 single-family homes, parks, amenity centers, trails, and 70 acres of commercial space.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not specified
• Buyer: Laura Hines-Pierce, Jeffrey C. Hines & Rob Witte - Hines
• Seller: Brown family
• Brokers: Landy Burdine, Austin Reilly & Josh Watson - Land Advisors Organization
• Lender: Harvest Capital & TPG Credit
• Capital Partner: Trez Capital

Hines, represented by Laura Hines-Pierce, Jeffrey C. Hines, and Rob Witte, is aiming to transform the Brown Ranch property into a substantial residential community over approximately 12 years. The expertise of Land Advisors Organization played a crucial role in representing the Brown family during this transaction.