A Houston-based developer has acquired 1,476 acres of ranchland straddling the Tarrant-Parker county line west of Fort Worth, setting the stage for a master-planned community expected to bring 3,800 homes and 70 acres of commercial space to one of the region's fastest-growing corridors. The property, known as Brown Ranch, sits north of Old Weatherford Road and south of White Settlement Road, just north of the sprawling Walsh development.
Hines announced the acquisition in a company statement, though the firm did not disclose terms of the sale, according to The Dallas Morning News. The land had been in the Brown family for multiple generations before they decided it was time to sell, according to Landry Burdine, designated broker of Land Advisors Organization, which represented the family. Burdine told the paper the Browns engaged his firm a couple of years before the deal closed, and that Hines ultimately won out in the contest to acquire the ranch.
Pricing and Lot Sizes Take Shape
Land Advisors Organization estimates homes built within Brown Ranch will sell for around $500,000 on average over a 10-to-15-year construction timeline, with lot sizes ranging from 2,000 to 4,500 square feet, according to The Real Deal. The Brown Ranch community will offer single-family housing options across different lot sizes and price points, per the news release cited by the Morning News, with homebuilders including Beazer Homes, DRB Homes, Meritage Homes, Pulte Homes, and RiseWell Homes. The Dallas Morning News lists HistoryMaker Homes, recently acquired by Century Communities, among the builders on the project.
Brown Ranch will be served by Aledo Independent School District, the same district covering the neighboring Walsh community. The Aledo ISD Board of Trustees adopted a 2026-2027 tax rate of $1.1775 per $100 of assessed valuation in August, marking its eighth consecutive annual property tax rate reduction, according to the Weatherford News.
City Secures Utilities and Park Land Before Annexation
Fort Worth City Council approved a development agreement with Hines in June 2026, since Brown Ranch sits within the city's extraterritorial jurisdiction. Fort Worth will provide water and sewer services for Brown Ranch, and Hines plans to apply to create a Municipal Utility District, according to a City of Fort Worth filing. Such districts allow developers to fund major infrastructure through district-level property taxes, though Hines still must navigate Texas Commission on Environmental Quality filings before the MUD can be established.
City staff negotiated additional concessions with Hines, requiring the developer to dedicate land for 10 neighborhood parks, build offsite roadway improvements, and preserve flood-plain open space, according to Citizen Portal. Burdine said the project will address regional needs including road and utility infrastructure, and that Brown Ranch will be a neighborhood many people will be excited to live in.
A Northern Counterpart to Walsh
Brown Ranch is positioned just north of Walsh, which covers more than 7,000 acres, according to the Morning News. Walsh itself spans 7,200 acres and is planned to accommodate over 15,000 families and roughly 50,000 residents across 11 square miles at full buildout, per Walsh Ranch's own project data. To keep pace with that growth, Fort Worth opened Fire Station No. 43 on Walsh Ranch Parkway on February 18, 2025, on two acres donated by the Walsh family.
Commercial development has followed the residential boom in the area. H-E-B opened a store near Aledo in 2019, Hoodline previously reported.
Regional Growth Fuels the Deal
Rob Witte, Hines senior managing director, said D-FW's population and employment growth, infrastructure investment and sustained housing demand make the region attractive to Hines, per the Morning News. Parker County's population swelled about 25 percent between 2020 and 2025 to reach nearly 185,000 people, according to U.S. Census Bureau data cited by Trez Capital, a capital partner on the investment. Fort Worth's population grew about 12 percent over the same span, the Morning News reported, while the broader Dallas-Fort Worth metroplex expanded to roughly 8.5 million residents in 2025.
Witte said Brown Ranch offers Hines an opportunity to deliver housing at scale in a fast-growing region and called it an important addition to the firm's national land development platform. Harvest Capital and TPG Credit provided financing for the acquisition, according to the Morning News. This month, Hines also bought a $170 million Dallas portfolio that includes apartment buildings and the building housing the restaurant Lucia in Bishop Arts, underscoring the firm's broader bet on North Texas real estate.
