Key Takeaways
- • Houston-based global real estate firm Hines has acquired Brown Ranch, a 1,476-acre tract in Tarrant and Parker counties west of Fort Worth, and plans about 3,800 homes on the site.
- • Sources name Trez Capital, Harvest Capital and TPG among the financial partners involved in the Brown Ranch acquisition, though the exact deal value was not available in the sources reviewed.
- • The City of Fort Worth council approved an agreement to guide development of the roughly 1,476 acres, a step that frames the project's municipal approvals.
- • Houston Business Journal reported the purchase as a 3,800-home neighborhood, and Dallas News covered the land acquisition on the Tarrant County border.
Summary
Hines, the Houston-based global real estate firm, has acquired Brown Ranch, a 1,476-acre parcel spanning Tarrant and Parker counties west of Fort Worth, according to reports from the Houston Business Journal and Dallas News. The company plans to develop about 3,800 homes on the land, which the Houston Business Journal described as a 3,800-home neighborhood.
According to a Dallas News listing, the acquisition involves Trez Capital, Harvest Capital and TPG, which are identified as financial partners in the transaction. The sources reviewed did not disclose the purchase price.
The City of Fort Worth council approved an agreement intended to guide development of the roughly 1,476 acres across Tarrant and Parker counties. That approval establishes a municipal framework for the project as it moves forward.
Hines has pursued similar large-scale land acquisitions in the Houston area, with one recent report describing nearly 3,000 acres in West Houston assembled with builders including Toll Brothers, Perry Homes and Highland Homes. The Brown Ranch project extends the firm's master-planned residential footprint into the Dallas-Fort Worth market.
According to a Dallas News listing, the acquisition involves Trez Capital, Harvest Capital and TPG, which are identified as financial partners in the transaction. The sources reviewed did not disclose the purchase price.
The City of Fort Worth council approved an agreement intended to guide development of the roughly 1,476 acres across Tarrant and Parker counties. That approval establishes a municipal framework for the project as it moves forward.
Hines has pursued similar large-scale land acquisitions in the Houston area, with one recent report describing nearly 3,000 acres in West Houston assembled with builders including Toll Brothers, Perry Homes and Highland Homes. The Brown Ranch project extends the firm's master-planned residential footprint into the Dallas-Fort Worth market.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.