THE OPPORTUNITY To deliver ranch life and superlative outdoor recreation without the headaches and hassles of day-to-day management, the duo pioneered a unique shared ownership strategy. For a one-time $1.1 million purchase fee, 20 owner-members get a 10-acre deeded lot, a 5 percent interest in a holding company that owns the remainder of the ranch, and unlimited year-round access to property and its extras that include $1.8 million worth of shared facilities and $600,000 worth of ranch equipment. “Our approach to shared ownership is exclusive, practical and simple,” Looney said. Each year, the owner-members pay annual hunting club dues. The dues cover the cost of ranch operations that include a fulltime ranch manager, two full-time assistants, ranch equipment, ranch facility maintenance, habitat monitoring and improvement, insurance, property taxes as well as corn, feed and food plots. “Last year our annual dues were $20,000, which is less than the cost of the property taxes for the ranch,” said Looney, noting the property enjoys wildlife tax valuation. “When you consider everything you get here—and the cost of overhead if you were trying to do something on this scale by yourself—there is no better value in the marketplace.” Because the ranch is a shared business, owner-members can take advantage of qualifying expenses and depreciation come tax time similar to owning property independently. “Again, the member-owners get benefit from a financial standpoint without having to put in the sweat equity of land ownership,” Looney said. “We created the club that we wanted to join but couldn’t find.” Only 12 of the 20 original owner-member opportunities remain. They include: three single memberships, three double memberships and one triple membership. During the initial offering, several members opted for multiple membership packages because unlike other hunting clubs that get diluted over time as multiple heirs inherit the memberships, White Oak Ranch memberships are passed from 1 to 1. “Keeping ownership limited 1 to 1 allows us to manage hunting pressure and maintain the integrity of the wildlife resource—and the experience—for generations to come,” Looney said.
MEMBERSHIPS FROM $1.1 M White Oak Creek Ranch lets owner-members and their families enjoy ranch life without the responsibilities of dayto-day management. On-site year-round management ensures the ranch is ready and waiting whenever the ownermembers choose to embrace the outdoor experience and make memories. “White Oak Creek Ranch exists to let people roll into the role of landowner conveniently without aggravation or consternation,” Looney said. “You get to create an outdoor legacy on one of the country’s best ranches without breaking a sweat.” Visionary outdoors enthusiasts recognize the multi-faceted value offered by shared ownership and are seizing the rare opportunity to become part of this one-of-a-kind ranch community. On September 28, the staff is opening the gates by invitation only for an Open House complete with helicopter tours and an outdoor trade show. As visibility rises, so does the competition for the remaining spots. “Come see White Oak Creek Ranch for yourself soon,” Looney said. “The chance to live this special life on this incredible property is disappearing quickly as people claim it for themselves.”
