Icon Global Group to broker prime ranch deal, including all oil and gas wells, livestock and movie rights.
Texas personality and philanthropist Richard “Dick” Wallrath has put his Champion Ranch of Centerville, Texas on the international market with Bernard Uechtritz’s Icon Global Group, a May 10 news release announced.
The multi-faceted deal includes 100 percent of all oil and gas well rights of the 36 on-property wells — including existing and future royalty income streams — approximately 1,000 head of purebred Brangus breeder cattle and award-winning horses, and movie rights and future royalties to “Deep in the Heart,” an independent movie, with a sequel in development, the release detailed.
“Deep in the Heart” was recognized as one of the 2011 Austin Film Festival’s “Top 5 Must-See Films” and is based on the true-life story of Richard Wallrath.
The Richard Wallrath Educational Foundation, est. 2006, is slated to receive the majority of the proceeds of the multi-million dollar ranch sale and distribute between the 4-H Youth Development Foundation and FFA, the release said.
“This is an incredible opportunity for a select buyer as well as the associated 4-H & FFA charities – who will all benefit from a lifetime of Dick and Patsy’s vision and work,” Uechtritz said in the release. “This is more than a simple ranch sale for the highest bidder, I am charged with looking for a specific, creative and right buyer; a land steward who understands how we can create a transaction that meets everyone’s goals and maximizes benefits to the buyer, seller trusts and beneficiary charities alike.”
In 2012, Wallrath nearly lost the ranch in a family dispute, but retained ownership following a court case.
The more than 5,000-acre ranch is located halfway between Dallas and Houston and consists of sandy loam hills topped with oak trees. Additionally, the acreage includes more than 20 lakes, stock ponds and live river streams, and is home to a sprawling peach orchid that produces various peaches.
A home, numerous barns, eight guest and ranch houses, a 16-person “bunkhouse” and private 78-acre lake also make up the lot.
The release states this ranch is also a good location for corporate or private events as it features a 2,200-square-foot on-property Saloon with two bars, a piano and sound system, that can accommodate up to 130 guests.
Additionally, the “turn-key” sale includes ranch equipment.
Ranch details will be distributed to the brokerage community next week. Price information is currently undisclosed, but available on pre-qualified request.
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