BOZEMAN – The Bozeman-based real estate company Fay Ranches was recognized as a leading land brokerage nationwide in the spring issue of The Land Report.
Compiled by “The Magazine of the American Landowner,” a quarterly publication, this second annual America’s Best Brokerages feature segments its compilation of the leading land brokerages by region.
With offices in Montana, Wyoming, Colorado, Idaho and Oregon, Fay Ranches appears in the section on the West and is shown as closing over $100 million in transactions last year.
The entry gives some company history and reports that Fay completed more transactions in 2011 than any previous year of its 20-year history. Owner Greg Fay is also quoted.
In looking over the remarks from brokers across the country, Fay notes, there are signs of momentum continuing for ranch and farm properties.
“Like us, a number of brokerages closed a historic number of transactions in 2011 and are off to a strong start in this first quarter of 2012,” Fay said. “Income-producing properties are doing especially well, but there is also interest in legacy properties, outstanding recreational assets, and opportunities for conservation activities.”
The Land Report is known for its annual listing of the Top 100 Landowners in America and its unique profiles of people with large or unusual landholdings, such as T. Boone Pickens, Ted Turner, Jeff Bezos, Harrison Ford and Joe Montana.