Mort Fleischer’s cowboy ranches are a $50 million set

Mort Fleischer’s 7,000 acre Montana Ranch / Courtesy of Walt Danley Realty, an exclusive affiliate of Christie’s International Real Estate / Forbes

 

By Ellen Paris | Forbes

The mega-successful real estate financier Mort Fleischer, 81, and his wife Donna are selling their two cowboy ranches in Arizona and Montana as a set for $50 million.

Fleischer, chairman of STORE Capital Corp. (NYSE: STOR) was an industry disruptor years ago through his real estate investment trust (REIT), Franchise Finance Corp. of America. In the late ’90s, Fleischer’s REIT became the country’s “largest independent financier of chain-restaurant real estate.” Before Fleischer started doing it, REITs did not finance independent restaurant real estate.

“When I started financing single tenant restaurant real estate, the industry said it hadn’t been done before and wouldn’t work. It was successful, we have institutionalized this class of real estate,” Fleischer explains. That is an understatement. In 2017, Warren Buffett invested $377 million for a 9.8% stake in STORE Capital Corp. Today, Fleischer intends to change the way real estate is marketed by selling the couple’s beloved ranches, in Scottsdale, Arizona and Lewiston, Montana in one deal. “Once again everybody told me I was crazy,” Fleischer confides.

READ ON:

Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
September 2018
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930