A 50-square-mile mixed-use landmark in Central Oregon’s Ochoco Mountains sold for $27 million to Nuveen Natural Capital, a wholly-owned subsidiary of Teachers Insurance and Annuity Association of America. Run as a commercial logging operation since the early 1900s, Foley Butte possesses an estimated 80 million board feet of Ponderosa pine, Douglas fir, and Western larch, as well as impressive herds of elk and deer. “We are excited about these lands for the many opportunities they represent from the perspective of a working forest/ranch, environmental enhancements, and conservation,” said Mark Morgans, the managing director of US Forest Operations at Nuveen. Jerry Hicks of Fay Ranches represented Stafford Ranches in both the 2014 acquisition of the property as well as its 2022 sale. According to The Madras Pioneer, Stafford Ranches paid $18.5 million to Ochoco Lumber Company eight years ago and sold it for $27 million. Read more HERE.