Kisha and Jason Itkin acquired Texas’s TR9 Ranch and Equestrian Facility in the 2025 Land Report Equestrian Deal of the Year. The 860-acre Parker County property sits just west of Fort Worth in the epicenter of the cutting horse world.

“We are committed to maximizing this ranch’s potential,” Kisha said after the $45 million purchase. “We believe this ranch will be a key component of our plan to help grow Western performance sports. The elite facilities will provide unique opportunities for horses, trainers, riders, and fans. The possibilities are endless.”

Don Bell with Icon Global listed the ranch on behalf of Teton Ridge. “The Western equine-sports industry has never seen a more efficient, multidiscipline facility,” Bell noted. “It was designed by horsemen, for horsemen, to enhance the experience for trainer, horse, livestock, and fans.”

Theorem Ranch — the name is a nod to Kisha’s STEM background — maintains a thriving presence in Big Timber, Montana, where the Houstonians have created a successful breeding program in Sweet Grass County alongside their cattle on 20,000 acres.

Sensing that an opportunity closer to home made sense, the Itkins contacted their longtime Montana broker, Greg Fay of Fay Ranches. “I immediately thought of my dear friend Bryan Pickens of Republic Ranches,” Fay says.

“If you want to buy the best of the best and be at the top of this game, TR9 is the ranch,” says Pickens. “Think cutting, rein-ing, roping, and barrel racing against a backdrop of equestrian professionals of every stripe as your new neighbors.”

TR9 RANCH. The 860-acre, $45 million listing was briefly on the market before going to contract.

“Then you add in this visionary family who wanted to move the headquarters of their horse operation to Texas,” Pickens says. “They are all in. This is a marriage of a fantastic couple and a fantastic property.”

When it comes to making bold moves, the Itkins have made a name for themselves. Last August, they acquired Stevie Rey Von, the only living stallion in NCHA Open Futurity history to be an NCHA Open Futurity champion sired by an NCHA Open Futurity champion and to have sired an NCHA Open Futurity champion.

“The Itkins recognized that having a presence in Parker County would be a strategic move for Theorem,” says Bret Burford at Republic Ranches. Burford points out that the ranch is 18 miles northwest of Weatherford and boasts sandy loam soil, lush coastal Bermuda, and abundant water resources. TR9 can easily accommodate 800 head of yearling cattle. The property also includes several indoor and outdoor arenas, barns, and training and conditioning areas, plus top-notch cattle-handling facilities.

“As stewards of this property, this family will create a legacy for the future,” Burford says.

“It will be exciting to see how they positively impact the industry through management decisions under the leadership of Todd Bergen as general manager and the distinct team they’ve created,” he says.