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1/29/24
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Richmond Ranch, a 3,654-acre property near San Jose, was purchased by The Conservation Fund (TCF), a nonprofit organization committed to preserving U.S. land and water, for $16 mil. The property is a working cattle ranch with very few structures.
The property was sold by Z&L Properties, a China-based investor and developer of residential properties. It is located at 7500 San Felipe Rd, along Coyote Ridge, home to many endangered species. The area has been a conservation priority for nonprofits and government agencies for many years.
Richmond Ranch is located at 7500 San Felipe Rd, along Coyote Ridge, home to many endangered species. The area has been a conservation priority for nonprofits and government agencies for many years.
According to Z&L Properties, they sold the land at a discount from the appraisal value of $35 mil. The Gordon and Betty Morre Foundation and the Wildlife Conservation Network provided financial support for the purchase.
TCF’s purchase of Richmond Ranch is significant to the wildlife protection and connectivity along the Coyote Ridge corridor, allowing wildlife to migrate between habitats of the Santa Cruz Mountains and the Diablo Range, part of the region’s protected area network.
Scott Vix, David Wientjes, and Skip Whitney with Kidder Mathews represented Z&L Properties in the transaction.
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