DALLAS, July 10,
2024 /PRNewswire/ -- The sale of DAOU Vineyards by
Daniel and Georges Daou to the
Australian wine giant Treasury Wine Estates netted the brothers
$900 million plus an earn-out of up
to $100 million. The billion-dollar
transaction, which included 400 acres of highly productive
vineyards in California's coveted
Paso Robles American Viticultural Area (AVA), took top honors as
The Land Report Deal of the Year.
The landmark transaction was one of five honored by the Magazine
of the American Landowner in its annual Deals of the Year
issue, which also features America's Best Brokerages and Top
Auction Houses.
Other Land Report Deals of the Year include the
$121 million sale of 20,505 acres of
Washington's Deep River Woods by Manulife Investment
Management to The Conservation Fund and the Washington State Department of Natural
Resources, which was brokered by Sam
Porter of LandVest; the sale of 14,142-acre Rana Creek Ranch in California's Carmel
Valley by former Apple chairman Mike
Markkula and his wife, Linda, to the Wildlands Conservancy,
which was brokered by Pete Clark of
Clark Company and Bill McDavid of
Hall and Hall; and the sale of the largest contiguous ranch in
Kansas to Land Report 100er
Don Horton. Known as the P5
Ranch, the robust cattle operation was marketed by Adam Hann and Mitch
Keeley of Whitetail Properties. More than 230 bidders vied
for the Auction Deal of the Year, the Fall Line Capital
Wisconsin Portfolio. The 103 farmland tracts totaling 7,428
acres sold for more than $46 million.
Schrader Real Estate and Auction Company oversaw the marketing and
auction.
About The Land Report
Founded in 2007, The
Land Report is an award-winning print publication and online
platform focused on America's greatest resource – land. Each year,
its researchers produce the Land Report 100, the gold standard of
private landownership in the US.
Contact:
Eddie Rider
Jr.
(205) 908-9872
publisher@landreport.com
www.LandReport.com
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SOURCE The Land Report