Upper Green River Beaver Creek Ranch

Upper Green River BEAVER CREEK RANCH DANIEL, WY

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A C R EA G E & C ATTLE O P ER ATI O N S

The extraordinary Beaver Creek Ranch is located north of historic Daniel, Wyoming near the breathtaking views and backcountry of “The Rim� in the Upper Green River Valley of Sublette County The ranch is comprised of approximately 12,040 deeded acres.

The ranch is centered on the confluence of the beautiful Green River (a Blue Ribbon Water) with the

historic three forks of Beaver Creek. The meandering waters of the ranch include about 8 miles along the Green River and about 30 miles of winding live water on the three forks of Beaver Creek. Trophy trout abound in these cold mountain waters, as the Beaver Creeks flow out of the Forest lakes and snow fields of both the Wyoming and Gros Ventre Mountain Ranges. The Green River tumbles out of the Wind River Range. These mountains contain the greatest concentrations of glaciers and glacier fed lakes, creeks and rivers in the lower 48 states. Incredibly, this splendid ranch is less than an hour from Jackson Hole, Wyoming, a spectacular drive through world class scenery.

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A C R EA G E & C ATTLE O P ER ATI O N S

Beaver Creek Ranch also includes approximately 3,700 acres of BLM lease, a Wyoming State lease of about 1,100 acres. The total of deeded and leased acres means the Ranch operates on about 17,000 acres, comprised of about 3,053 acres of ditch irrigated hay meadows, 3,083 acres of sub-irrigated meadows and 10,700 of grazing highlands.

NOTE: All property lines, fence lines, quantities, dimensions, distances, improvement square footage, numbers of acres and agricultural operation numbers, locations and quantities, are good faith estimates by the seller and the real estate broker. A prospective buyer must complete their own due diligence to confirm these estimates to their satisfaction.

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A C R EA G E & C ATTLE O P ER ATI O N S The Beaver Creek Ranch transitioned from a traditional cow calf operation about a decade ago. Presently, the ranch is lucratively leased as a yearling operation with conservation and improvement minded tenants.

The riparian meadows and grazing highlands support about 3,500 head of cattle during the 5 to 6 month grass season depending on winter snow peak levels.

There are many outbuildings including classic western plank wooden floored horse barns.

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A C R EA G E & C ATTLE O P ER ATI O N S

The Ranch HQ location is at the historic and geographically remarkable confluence of the three Beaver Creeks with the Green River. In this private enclave, the trout fishing is world class, and moose, elk, mule deer, antelope, swans, ducks, geese and raptors are seen in abundance. The Upper Green River

and Beaver Creek valley stretches out before the windows and one can observe not just spectacular migrations of elk, but more frequent serene scenes of birds and beasts going about their daily lives.

The seasonal ponds and streams hold these wildlife viewing, hunting and fishing opportunities nearby the home year round.

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A C R EA G E & C ATTLE O P ER ATI O N S The old log homestead cabin near the HQ home was built by the family of Cliff Hansen, the beloved former US Senator and Governor of Wyoming. The HQ home area, which still bears the name “the Hansen Place� is accessed by a private historic wooden bridge over the Green River.

This historic bridge and original road served as the earliest highway and river crossing between Jackson and Pinedale.

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A C R EA G E & C ATTLE O P ER ATI O N S Each ranch station includes well-maintained homes for the ranch cowboys. These ranch stations exude iconic western ranch history. The log homes, barns and corrals are evidence of the early toils of the homestead ranch families. In memory of these pioneers the North Ranch Station home is known as the Royce Place, the North Ranch Station shipping pens are known as the Wilson Place shipping corrals, and the South Ranch Station and corrals are called the Gransden Place. Local lore includes stories about Butch Cassidy and TR Roosevelt spending time in these homestead cabins.

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PRICE Over several decades the family aggregated many homestead ranches into the Beaver Creek Ranch, which is now offered for sale for the first time in over 30 years at $26,000,000 for 12,040 approximate deeded acres, plus the leased land of about 4,800 acres.

WATER RIGHTS The Beaver Creek Ranch has excellent water situated on the forks of the three Beaver Creeks and the Green River. A summary of the adjudicated water rights is attached at the end of this brochure.

MINERAL RIGHTS At closing the seller will convey their mineral rights for substantially all the ranch; however, no representation is made as the extent or nature of the mineral rights. The seller may retain the mineral rights under 3,000 +/- acres including an existing natural gas well near the north ranch station shipping corrals, subject to negotiation with the buyer.

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LO C ATI O N & H I S TO RY

The Beaver Creek Ranch is about an hour south of Jackson Hole, Wyoming, the southern gateway to Grand Teton and Yellowstone National Parks as displayed on the Vicinity Map. The area offers uncompromised beauty and is part of the Bridger Teton National Forest, representing almost 20 million acres of pristine forests, mountains, rivers and streams all part of the Greater Yellowstone Region. Jim Bridger and Bill Sublette from whom the county and forest derive their names, were mountain men and part of the fur trapping brigade that included Hugh Glass. Their names were made famous for their part in leaving old Hugh to die after he was mauled by a Grizzly, as portrayed by Leonardo DiCaprio in the recent movie Revenant.

Photo via Bridger Teton National Forest Website – Wind River Range, Titcomb Basin

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LO C ATI O N & H I S TO RY

The drive from Jackson Hole to Beaver Creek Ranch is on highway 89, one of the most beautiful and historic drives in the nation, traversing through the Hoback River Canyon, through Little Jackson’s Hole (Bondurant) and rising up and over The Rim. The Rim divides the big river drainages: Snake River to the Columbia and the Pacific; Green River to the Colorado and the Sea of Cortez. Here in 1812, John Hoback for whom the river is named, was killed by Indians while trapping beaver. He was a member of The Astorian fur trading company who explored the area during their 1811-12 cross country trek to Astoria on the Pacific. This was only the second Rocky Mountain exploration after Lewis and Clark in 1805-

1806. The ranch is located between the Astorian’s Camp and Upper Green River Rendezvous Sites on the above map.

At The Rim at elevations of about 6,500’ to 13,800’ one discovers the astonishingly beautiful Upper Green River Valley of Sublette County, Wyoming, offering stunning 100 mile views of the Wyoming, Gros Ventre and Wind River Mountain ranges. Here homesteaders in the 1890s, utilized the hardy grass along the river and creeks that gave cattle a chance to compete for survival with the abundant wildlife: elk, deer, pronghorn and moose, under the watchful eyes of eagles, hawks and the occasional wolf and Grizzly Bear.

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LO C ATI O N & H I S TO RY

This part of Sublette County is the heart of Mountain Man Country. The Green River Rendezvous was an annual event during 1820-1840. Mountain Men, Trappers, Travelers and Indians all gathered in the valley near the ranch and bartered, traded, sold, and swapped various items such as skins, pelts, guns, jewelry and whatever else they needed. All knew the place where the forks of the Beaver and Horse Creeks flowed into the Green in the Upper Green River Valley and the source of these beaver filled streams in the Wyoming Range. The historic rendezvouses lasted anywhere from a few days to several months and were a time for getting new supplies, renewing acquaintances with old friends, story swapping, drinking and general rowdiness.

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LO C ATI O N & H I S TO RY Cowboys and cattlemen are also part of the rich history of the Upper Green River Valley. The aura of the Old West is palpable as The Green River Drift and The Mountain Man Rendezvous continue to this day. The Green River Drift cattle trail has been continuously used since the 1890s by the Upper Green River Cattle Association. These cattlemen drive their cattle or let them drift, from spring pasture on the county southern desert area to summer northern pastures in the Forest. Chilly fall weather causes the cattle to “drift” back out of the forest to return to their home ranches. The trail, 58 miles long with

41 miles of spurs, crosses BLM, State of Wyoming, National Forest, and private properties. It has played a pivotal role in the development of ranching in the area. “The Drift” was listed on the National Register in November, 2013. Because it is still being used much as it has for more than 100 years, the Drift was listed as a Traditional Cultural Property (TCP), the first ranching related TCP in the nation. It is not uncommon to get caught in a “Wyoming Traffic Jam” as horseback Cowboys push big herds of cattle along the shoulders of the road. The Mountain Man Rendezvous occurs annually in Pinedale during the second week of July.

Yearlings near Colorado cutthroat pond

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SCENERY & OPEN SPACE ~ Protected by mountains on all sides, Jackson Hole is an extraordinary refuge from the hustle and bustle of city life today.

And, most people agree that there is no more beautiful valley in the nation, perhaps in the world. It is truly unique.

Jackson Hole is part of the Greater Yellowstone Ecosystem, and is adjacent to both Yellowstone and the Rockefeller family’s great gift to our nation, Grand Teton National Park. This area comprises the largest intact ecosystem in the lower 48 states.

PROTECTION FROM OVER DEVELOPMENT ~ THE BEAUTY ~

Jackson Hole is a truly vibrant community surrounded by some of the most dramatic scenery in the world. Our rustic yet refined lifestyle is defined not only by the stunning natural environment we live in, but also by a strong sense of community. We strive diligently to maintain our unique Western character through thoughtful planning, careful land use and extensive charitable giving.

There are numerous reasons why those who live in Wyoming have chosen to have their primary residences here. Some are emotional, such as the sheer beauty of the natural surroundings and the overall quality of life. Others are more practical in scope and include Wyoming’s overall tax-climate benefits.

Unlike many Rocky Mountain resorts, Jackson Hole will remain pristine and uncluttered due to the fact that 97% of the valley is National Forest, National Park, or other public land. You, your children and grandchildren will experience thousands of acres of open space protected in perpetuity thanks to the extraordinary efforts of the Jackson Hole Land Trust and the Nature Conservancy.

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Scenic by-ways, river frontage, ranch lands and animal migration corridors are among the many valuable tracts of land that have been set aside to ensure open space in this valley into the future.

ACCESSIBLITY ~ Jackson Hole has daily jet service from major cities with Delta, Northwest, American and United. In fact, since the expansion of the runway in 2002, planes as big as Air Force II have been able to fly into this resort community. Another option is the Idaho Falls Regional Airport serviced by SkyWest/Delta Airlines, Allegiant Air and United Express.

WILDLIFE ~ The splendid setting and dramatic landscapes of Jackson Hole and the surrounding area support abundant wildlife including elk, deer, moose, bears, Bighorn Sheep, swans, geese, eagles and so much more. Each year visitors who love the outdoors and want to experience all that Mother Nature has to offer in Wyoming visit this area of the rugged west.

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GETTING HERE

The Jackson Hole, WY airport is less than an hour north of the Beaver Creek Ranch offering airport services and connections to most major U.S. metropolitan areas.

Jackson Hole, WY provides all the activity of a World Class Destination Ski Resort and the gateway for Grand Teton and Yellowstone National Parks.

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TA X B E N E FI T S I N WYO MI NG

There are numerous reasons why those who live in Jackson Hole have chosen to have their primary residences here. Some of those reasons are emotional, such as the sheer beauty of the natural surroundings and the overall quality of life. Other reasons are more practical in scope and include

Wyoming’s overall tax-climate benefits. For years, Bloomberg has rated Wyoming as the most taxfriendly state in the U.S.

Here’s Why… ▪ No personal or corporate state income tax.

▪ Shield your real estate from federal estate taxes for up to 1,000 years through a dynasty trust. A key point to remember is that the trust must be administered in Wyoming.

▪ No inheritance tax or estate tax. Wyoming repealed its estate tax as of Jan 1, 2005.

▪ No state gift tax. You can ‘gift’ your real estate to your heirs without paying a tax.

▪ No tax on out-of-state retirement income.

▪ Low property taxes compared to other states.

▪ No excise taxes. When you fill up your car’s gas tank or buy a bag of groceries in Wyoming, you won’t pay any state tax on your gas or food.

▪ No intangible taxes on financial assets like stocks and bonds.

▪ No tax on the sale of real estate.

▪ No tax on mineral ownership.

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PERMIT No. PROOF No. 687E 4350 1974D 4351 2297D 4353 1514D 5376 3549D 5436 2287D 5449 2699D 5503 883E 5504 5478D 5506 5991D 5524 1641E 11191 1641E 12141 3180E 14504 13876D 15238 12141D 15239 12141D 15240 12140D 15244 12140D 15245 14322D 15900 14322D 15901 14923D 16350 12140D 16364 12141D 16365 12043D 16529 3840E 17232 14321D 17233 16283D 19484 19055D 23875

RESERVOIR NAME HAY GULCH No. 1 STOCK RES. NATAROS No. 1 RES. NATAROS No. 2 RES.

PERMIT No. 5491S 12168R 12169R

PRIORITY DATE November 22, 1965 December 6, 2004 December 6, 2004 GRAND TOTAL: TOTAL WITHIN LISTED PARCEL:

PRIORITY DATE July 25, 1901 October 1, 1898 September 29, 1899 June 18, 1897 November 13, 1901 September 21, 1899 July 5, 1900 July 16, 1902 May 18, 1903 May 7, 1904 November 30, 1906 November 30, 1906 December 2, 1914 November 2, 1915 November 22, 1913 November 22, 1913 November 22, 1913 November 22, 1913 August 19, 1916 August 20, 1916 November 19, 1917 November 22, 1913 November 22, 1913 September 13, 1913 December 17, 1917 August 8, 1916 September 2, 1921 September 22, 1938 GRAND TOTAL: TOTAL WITHIN RETAINED PARCEL: TOTAL WITHIN LISTED PARCEL:

C.R. No. 03-146 03-147 03-148 05-088 06-048 06-062 07-014 07-015 07-017 07-035 32-359 34-332 38-124 39-278 39-279 39-280 39-284 39-285 40-277 40-278 41-053 41-067 41-068 41-417 42-402 42-403 45-530 60-427

Proof No. C.R. No. 28115 R-4/096 39979 R-88/039 39979 R-88/039

BEAVER CREEK RANCH - PERMITTED RESERVOIRS

DITCH NAME ROY (ENL) HANSEN BROWN ROY DICKINSON No. 1 BICKEL ELDER No. 1 ROY & BROWN (ENL) ELDER No. 3 AKERS APEX (ENL) APEX (ENL) AKERS (ENL) SPRING CREEK PAYNE-GOODEN PAYNE-GOODEN PAYNE-GOODEN PAYNE-GOODEN GOODEN-BELL GOODEN-BELL WARREN PAYNE-GOODEN PAYNE-GOODEN LENA LENA (ENL) McDOLE [LENA (ENL)] HARRISON HORSEFLY

BEAVER CREEK RANCH - ADJUDICATED WATER RIGHTS

PREPARED BY: RIO VERDE ENGINEERING DATE: May 10, 2016

BEAVER CREEK RANCH SURFACE WATER RIGHTS TABULATION SUBLETTE COUNTY, WY

Ac-Ft 9.40 11.36 4.38 25.14 25.14

41 3926 1040 2886

81

160 627

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40 244 154 406 100 460 564 40 80 151 57 145 35 78 271 157

ADJUDICATED ORIGINAL SUPPLY Ac.

588 0 588

160

271 157

SUPPLEMENTAL SUPPLY Ac. UNDER P12141D

101 0 101

101

SUPPLEMENTAL SUPPLY Ac. UNDER P2287D

121 65 56

121

SUPPLEMENTAL SUPPLY Ac. UNDER P2297D

218 218 0 218

SUPPLEMENTAL SUPPLY Ac. UNDER P1974D

151 151 0 151

SUPPLEMENTAL SUPPLY Ac. UNDER P5991D

277 0 277

154 123

SUPPLEMENTAL SUPPLY Ac. UNDER P12140D & P12141D

Steve Duerr Top Producer 2017 Jackson Hole Real Estate Associates Christie’s International Real Estate Steve’s commitment to clients and community spans nearly 35 years. His professional experiences as a developer, banker and attorney provides valuable practical and technical knowledge for his residential, ranch and resort real estate clients. Steve’s decades of high profile legal and public service makes him a known and trusted relationship builder having served as: General Counsel for the regional electric and gas utility; General Counsel for the destination ski resort; Executive Director of the Jackson Hole Chamber of Commerce, Senior VP of a regional bank and founder or manager of many nonprofit organizations, including The Murie Center in Grand Teton National Park and the Jackson Hole Center for Global Affairs. In 2012 Steve was appointed to the Teton County Planning Commission by the Teton County Board of Commissioners. In 2015, he was elected to The Board of Directors by the members of the Teton County Board of Realtors. Steve's considerable experience and success with farm and ranch properties derives from his life long immersion in agriculture and deep concern for sound stewardship of the land. For 55 years Steve's father was affiliated with the Minneapolis Grain Exchange and owners of farmers' cooperative grain elevators in the upper mid west. His father in law owned a vertically integrated cattle enterprise: from farms and ranches in Minnesota, the Dakotas and Nevada, to packing plants in Minnesota, Nebraska and North Dakota, to national wholesale beef sales to retail distributors. After becoming a lawyer and prior to moving to Wyoming, Steve helped manage the interstate trucking division of the beef businesses and spent many years focused all facets of western cow/calf ranches.

STEVE’S CREDENTIALS INCLUDE: ▪ Member of Wyoming and National Association of Realtors ▪ Member of Board of Directors, Teton County Realtors

▪ Member of Bar: Wyoming and Minnesota ▪ Real Estate License in Wyoming and Idaho ▪ Georgetown University Law Center (1982) ▪ Past Executive Director – JH Chamber of Commerce & Murie Center in GTNP ▪ Founder & Board Member – JH Center for Global Affairs ▪ General Counsel, Lower Valley Energy Steve Duerr, Associate Broker Cell: 307.699.4920 SteveDuerr.com Jackson Hole Real Estate Associates/Christies International Real Estate 80 West Broadway, PO Box 4897, Jackson, WY 83001 23