Overview
- The Land Report says Kroenke acquired about 937,000 acres of New Mexico ranchland in December from the Singleton family behind Teledyne Technologies.
- The deal lifts his total holdings to roughly 2.7 million acres, moving him from No. 4 to No. 1 on the publication’s ranking.
- The purchase is described as the largest U.S. land transaction in more than a decade, with parcels reportedly spanning four counties.
- Terms were not disclosed, and Kroenke’s holding company did not respond to Fortune’s request for comment.
- Kroenke has expanded his ranch portfolio over years, including the 535,000-acre Waggoner Ranch acquisition in Texas in 2016.