Hertz Real Estate Services
2014 Sales: $250 – $500 Million
Who: Midwest farmland experts providing acquisition services and expert knowledge of 1031 tax-free exchanges.
Wow: Helped an investor sell 566 acres at $12,014 per acre, transacted through a cooperative brokerage agreement with a national farmland brokerage company.
Insight: “The land market in 2014 was in a holding pattern of retracement,” says Broker Randy Hertz. “The land market will continue its adjustment to the new farm economies and will be quieter than the last couple of years.”
Pictured Above: This 40-acre tract in Black Hawk County, Iowa includes 22.4 acres of cropland and approximately 16-acres of pasture with a spring-fed creek, mature oak trees and a walnut tree grove.
Download the Summer 2015 edition of The Land Report for the complete listing of our fifth annual survey of the country’s leading real estate firms specializing in land.