Farmland, News Desk
2019 Conservation Deal of the Year
Charles Munger acquires – and then donates – Santa Barbara County’s Las Varas Ranch
The billionaire Berkshire Hathaway vice chairman reportedly spent $70 million for the property, which he donated to the University of California, Santa Barbara. “This is much more than just a gift of land, but rather a living legacy, a vision for the long-range future of our campus,” says UCSB Chancellor Henry Yang. Conservation stands at the heart of the deal. The historic cattle ranch, which was first on the market in 2016 for $108 million, boasts two miles of pristine coastline along with 500 acres of pastureland. An 18-acre surface lake looks out onto Channel Island. Expansive fruit orchards offer opportunities for both educational and environmental research. The land extends from the coastal bluff at Edwards Point – poised at the tip of the Pacific Ocean – to Los Padres National Forest, which spans nearly 3,000 square miles.
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The Land Report Fall 2017
Our Investment Issue features dozens of premium listings from coast to coast, including: Cross Mountain Ranch: Unrivaled …
157-Acre Parcel in Beverly Hills Lists for $1 Billion
157 acres of California development land to list for $1 billion? The New York Times …
National Park Proves a Hard Gift to Give
Roxanne Quimby Faces an Uphill Battle to Bequest 100,000 Acres By Katharine Q. Seelye Lucas …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.