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    The American dream

    Houston oil-and-gas billionaire ranks among America's top 100 landowners

    John Egan
    Jun 11, 2025 | 12:34 pm
    HMNS Great Outdoors Gala 2022 Russell and Glenda Gordy and Red FJ Cruiser

    Russell and Glenda Gordy attended a 2022 gala at the Houston Museum of Natural Science.

    Photo by Jenny Antill

    Texas covers more than 260,000 square miles of land, equivalent to nearly 250 Rhode Islands. Put another way, the Lone Star State encompasses about 166.4 million acres, equivalent to more than 305,000 average Texas farms.

    Given those eye-popping figures, it shouldn’t be a shocker that about one-fourth of the country’s mega-owners of private land have ties to Texas, either living here or owning land here (or both). That’s according to The Land Report’s 2025 list of the country’s top private landowners.

    The highest-ranked Houstonian is oil-and-gas billionaire Russell Gordy (No. 76). He owns 212,000 acres of ranchland in Texas, Montana, and Wyoming. Gordy’s portfolio includes the 1,300-acre Rock Creek Ranch, which features property near Copperas Cove and Llano, and the 19,000-acre La Ceniza Ranch near Uvalde. He sits on the Texas State University System Board of Regents.

    Statewide, the highest-ranked Texan on the list is billionaire Stan Kroenke, who owns more than 1.76 million acres across the country. His empire includes about 60 million square feet of real estate, the NFL’s Los Angeles Rams, the NBA’s Denver Nuggets, and the NHL’s Colorado Avalanche. He appears at No. 4 in the ranking.

    Kroenke’s largest property apparently is Waggoner Ranch, a property northwest of Wichita Falls that he bought in 2016. The Land Report says the ranch comprises 560,000 acres; other media reports put the acreage at 535,000. Kroenke also owns land in Nevada and Wyoming.

    Waggoner Ranch Billionaire Stan Kroenke owns Texas' massive Waggoner Ranch. Photo courtesy of Briggs Freeman Sotheby’s International Realty

    Other notable Texas-related landowners in The Land Report’s top 100 (along with their national rankings) include:

    Jeff Bezos (No. 23). The Miami-based billionaire founder of Amazon owns the 165,000-acre Corn Ranch, north of Van Horn, which is about 120 miles west of Fort Stockton. It’s a launch site for his Blue Origin aerospace company. In all, Bezos owns about 462,000 acres of land in the U.S.

    Bass family (No. 38). Oil-and-gas billionaires Ed, Lee, Robert, and Sid Bass of Fort Worth control family holdings that include 285,000 acres of land. In 2017, the family sold 275,000 acres of Permian Basin oilfields to Spring-based ExxonMobil for $6.6 billion.

    Taylor Sheridan (No. 49). The Yellowstone and Landman producer owns 267,000 acres spread across several ranches. The millionaire’s land holdings include the 206,000-acre 6666 Ranch near Lubbock and the 282-acre Bosque Ranch in Weatherford, which he calls home. Sheridan, an alumnus of Texas State University, grew up in Fort Worth and on a ranch in Cranfills Gap, roughly 90 miles northwest of Waco.

    Taylor Sheridan, Nicole Muirbrook 'Yellowstone' creator Taylor Sheridan is one of the biggest landowners in Texas. Getty Images

    Stewart and Lynda Resnick (No. 87). The California-based billionaire couple owns 196,775 acres in Texas and California. Brands under the umbrella of their business, The Wonderful Co., include Fiji Water, POM Wonderful pomegranate juice, Wonderful Pistachios, and flower delivery service Teleflora.

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    How Sweet

    Sugar Land's first new apartment complex in 13 years breaks ground

    Brianna McClane
    Dec 11, 2025 | 12:30 pm
    Pearl Lake Pointe luxury apartment complex Sugar Land.
    Rendering Courtesy of Morgan
    Pearl Lake Pointe is a 376-unit luxury apartment complex slated for early summer 2027 in Sugar Land.

    Sugar Land is welcoming its first new apartment development in more than a decade. Pearl Lake Pointe, a 376-unit luxury community from developers Morgan and Carlyle, is underway at 16435 Creekbend Drive.

    Construction began in November, with an official groundbreaking held this week. “The groundbreaking of Pearl Lake Pointe marks an exciting new chapter for the Lake Pointe peninsula,” Sugar Land Mayor Carol K. McCutcheon said in a statement. “After years of planning and collaboration with Morgan, this project delivers much-needed, high-quality multifamily housing and strengthens our long-term vision for a vibrant, connected district. This milestone will help drive continued reinvestment and momentum throughout Lake Pointe and across Sugar Land.”

    Set across 6.46 acres, the five-story complex will feature five live-work units, a six-story parking garage, and 9,940 square feet of commercial office space. Fitness centers, a resort-inspired pool, a golf simulator, a sky lounge, and a cafe are among the planned amenities.

    Inside the residences, features include open-concept floor plans, quartz countertops, stainless-steel appliances, washers and dryers, and balconies in select units.

    “Pearl Lake Pointe is a unique opportunity to elevate the living experience and set a new benchmark for luxury in Sugar Land,” Kase Pappert, Morgan senior development manager, said. “We are grateful for the City’s partnership and look forward to helping re-energize the Lake Pointe peninsula with a welcoming community that feels like home and connects residents to the amenities right outside their door.”

    Roughly 20 miles from downtown Houston, the site has views of Brooks Lake and is adjacent to the former Fluor corporate campus currently being transformed into the Lake Pointe Green mixed-use development.

    The first Pearl Lake Pointe units are slated for delivery in early summer 2027. Morgan and Carlyle will own and manage the community, with project financing provided by Texas Capital Bank.

    “With Pearl Lake Pointe, Carlyle and Morgan are redefining multifamily living and adding meaningful momentum to address the demand for high-quality housing in the Sugar Land submarket,” said Adam Buchwald, Carlyle managing director and partner. “Partnering with Morgan — an accomplished developer with a strong track record — makes this project even more exciting, and Pearl Lake Pointe is a standout addition to Carlyle’s portfolio of high-quality multifamily developments.”

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