New Fund to Focus on Texas Trophy Ranches

Here's a land investor that sees opportunity from the collapse in crude oil prices. His name is Jay Ellis, founder along with partner T. Boone Pickens, of Sporting Ranch Capital, Dallas, Texas. The New York Times profiles Ellis and outlines his plans to raise $100 million to purchase $15-million to $25-million trophy ranches in Texas forced onto the market due to the drop in oil.

Click here for the full story.