CANYON CREEK RANCH PLACERVILLE, COLORADO $14,750,000 3,247± ACRES LISTING AGENT: JEFF BUERGER

CANYON CREEK RANCH PLACERVILLE, COLORADO $14,750,000 3,247± ACRES LISTING AGENT: JEFF BUERGER 1559 LOGAN ST DENVER, COLORADO 80203 P: 303.861.8282 M: 303.229.9932 JEFF@HALLANDHALL.COM

Land that s where it all begins. Whether it is ranch land or family retreats, working cattle ranches, plantations, farms, estancias, timber or recreational ranches for sale, it all starts with the land. Since 1946, Hall and Hall has specialized in serving the owners and prospective owners of quality rural real estate by providing mortgage loans, appraisals, land management, auction and brokerage services within a unique, integrated partnership structure. Our business began by cultivating long-term relationships built upon personal service and expert counsel. We have continued to grow today by being client-focused and results-oriented because while it all starts with the land, we know it ends with you. WITH OFFICES IN: DENVER, COLORADO BOZEMAN, MONTANA EATON, COLORADO MISSOULA, MONTANA STEAMBOAT SPRINGS, COLORADO OWASSO, OKLAHOMA SUN VALLEY, IDAHO COLLEGE STATION, TEXAS HUTCHINSON, KANSAS LAREDO, TEXAS BUFFALO, WYOMING LUBBOCK, TEXAS BILLINGS, MONTANA MASON, TEXAS SOUTHEASTERN US SALES AUCTIONS FINANCE APPRAISALS MANAGEMENT 2

EXECUTIVE SUMMARY The Canyon Creek Ranch in San Miguel County has 3,247± contiguous deeded acres and excellent big game hunting, all just 25 miles from Telluride, one of Colorado s most charming resort and ski communities. From atop the East Iron Springs Mesa, the ranch boasts spectacular views of the Sneffels Range of the San Juan Mountains. About two-thirds of the ranch is comprised of gently rolling pastures and meadows, with the remainder in aspen groves, ponderosa pine and oak brush--excellent habitat for the large elk, deer, bear and wild turkey that abound here. Bordered for more than three miles by the Uncompahgre National Forest, the property is both secluded and easily accessible year around via a paved county road. Spring-fed ponds provide necessary water for livestock and big game. Improvements are functional and include a caretaker s home, guesthouse, several outbuildings, and working corrals. The perimeter and some pastures are fenced. There is no conservation easement on the property. Three thousand-plus acres is considered a large holding in San Miguel County, and rarely does one of this size become available so close to Telluride, and almost never without a conservation easement. The Canyon Creek Ranch presents the discerning buyer with distinct opportunities in one of the most soughtafter areas of Colorado. 3

MONUMENTAL VIEWS Some years ago, famed nature photographer John Fielder deemed the Sneffels one of the most glorious mountain ranges in Colorado. That might have been an understatement, or certainly it seems so, considering the view from the Canyon Creek Ranch. The Sneffels young, craggy, snow-topped and impossibly close ring the horizon, punctuated by distinctive peaks: Little Cone, Little Peaks and Mount Wilson, the highest of them all. Utah s San Juan Range rises in the west. High atop the East Iron Springs Mesa, the Canyon Creek has a 360-degree view of it all. The terrain of the ranch itself is mostly level to gently rolling, with about two-thirds of the acreage in meadows and pastures. The remainder of the land is forested with aspen groves, ponderosa pine and oak brush. 4

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LOCATION The Canyon Creek Ranch is located off Hwy 62 about 25 miles north of Telluride, near the community of Placerville. Montrose (pop. 19,217), a regional center for shopping and medical care, is about an hour s drive north of the ranch. AIRPORTS Commercial carriers serve the Montrose Regional Airport with flights to Denver, Dallas-Fort Worth, Houston, Chicago, and Phoenix. The Black Canyon Jet Center, also in Montrose, is regarded as one of the best FBO facilities in the country. The Telluride Regional Airport supports general aviation and commercial flights on seasonally-adjusted schedules. 6

LOCALE There are good reasons that land in San Miguel and Ouray counties in southwestern Colorado has become so highly sought-after in recent years. The spectacular San Juan Mountains remain rugged and untamed. The adjacent Uncompahgre National Forest encompasses almost a million acres and three distinct alpine wildernesses. And then there is Telluride (pop 2,303), a storied small town that lives a lot larger than it is. The historic 19th century mining community has earned a well-deserved international reputation for its star-studded Telluride Film Festival, superb ski resort, (recognized by U.S. News as one of the best ski destinations in the world), and eclectic restaurants, shops and boutiques. 7

CLIMATE San Miguel County enjoys about 243 sunny days a year, mild summers, and snowy winters. The area receives an average of 19 inches of rainfall each year with about 64 inches of snowfall -- more at higher elevations. January lows typically range around 16 degrees Fahrenheit while July highs can reach into the mid-80s. ELEVATION Elevation on the ranch ranges from about 8,260 to 8,850 feet above sea level, with most of the terrain gently rolling or relatively flat. 8

WILDLIFE With its sheltering aspen groves and surface water, the Canyon Creek Ranch is the ideal habitat for large and small game species, and birds. Located in Colorado s GMU 61, renowned as one of the state s best hunting units for trophy-sized elk, the ranch is a stellar hunting property. Migratory herds of 200-plus elk are common on the ranch, as are mule deer, black bear, and large flocks of wild Meriam s turkey. The adjacent Uncompahgre National Forest offers an additional 955,229 acres of pristine wilderness to enjoy. For more information visit the Colorado Division of Wildlife website HERE. 9

WATER RESOURCES A two-acre pond at ranch headquarters is currently stocked with trout and offers fishing opportunities. There are also numerous springfed stock ponds, natural water catchments, and a seasonal creek flowing through the northern third of the property. The nearby San Miguel River, an undammed river flowing just over 90 miles, is also a favorite of trout fishermen. There are several fly shops in the area offering local and knowledgeable professional guides for hire. 10

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RECREATIONAL OPPORTUNITIES The Canyon Creek Ranch offers endless recreational possibilities for the outdoor enthusiast, both on the property and in the adjacent Uncompahgre National Forest. Hiking, horseback riding, mountain biking, and fishing in the summer combine with snowmobiling and crosscountry skiing in the winter to create the perfect year-round retreat. World-class downhill snow-skiing is just minutes away in Telluride. 12

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IMPROVEMENTS There are several beautiful sites that are ideal for building an owner s home. Current improvements are modest and functional. There are two ranch-style homes, one built in 1901 which has 1,008± square feet, and a second built in 1910 with 1,327± square feet. Agricultural facilities include outbuildings and working corrals. 14

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MINERAL RIGHTS All mineral rights owned by the seller shall convey to the buyer upon closing. WATER RIGHTS There are no surface irrigation water rights. 16

CONSERVATION VALUE There is no conservation easement on Canyon Creek Ranch. However, because of development potential in the area, the property could be a candidate for conservation protection. 17

AREA ATTRACTIONS The Telluride Ski Resort offers more than 2,000 acres of skiable terrain with its longest run more than 4.6 miles. While 41% of the trails are rated advanced or expert, the varied terrain presents plenty of opportunities for beginners and intermediate skiers. TELLURIDE, COLORADO OURAY, COLORADO The Telluride Film Festival, celebrating its 43rd season in 2017, premiers films (Juno, Brokeback Mountain) that routinely garner both critical and box-office success. Ouray, which calls itself the Switzerland of America, hosts a winter ice-climbing festival and offers a wealth of summer outdoor activities. The former mining town is about a 50-mile drive from Telluride, though only 10 miles north as the crow flies. MOAB, UTAH Home to two of America s most famous national parks, Moab is less than two hours west of Canyon Creek through the Paradox Valley and over the La Sal mountains. ARCHES NATIONAL PARK Arches National Park, located just five miles north of Moab, boasts the world s largest concentration of natural sandstone arches more than 2,000 in all along with an awe-inspiring variety of natural geological formations. CANYONLANDS NATIONAL PARK The vastness and amazing diversity of Canyonlands National Park, 32 miles from Moab, boggle the mind and offer endless opportunities for hiking, camping and whitewater rafting through Cataract Canyon. The Black Canyon of the Gunnison near Montrose is, as the National Park Service notes, big enough to be overwhelming and still intimate enough to feel the pulse of time. With its steep cliffs and rock spires, the canyon tests hikers while fishermen, boaters, and kayakers find challenges on the river. THE BLACK CANYON OF THE GUNNISON 18

BROKERS COMMENTS There are a few destination locations in Colorado where it is becoming increasingly challenging to find and acquire large acreage recreational properties. Telluride and the surrounding area is an example of this. With its close proximity to Telluride, Canyon Creek Ranch represents an opportunity to purchase a substantial holding. The land is exceptionally scenic and very private, while adjacent to a national forest and vast amounts of wilderness to access. The property is minimally improved, there are numerous choice building sites, and the land is not encumbered with a conservation easement. 19

Click on map above for link to Google Earth map of property. PRICE $14,750,000 Hall and Hall is acting as a Seller s Agent and will cooperate with other agents acting as a Transaction Broker or Buyer Agent only. NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, building measurements, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced. 20

ADDITIONAL SERVICES OFFERED BY HALL AND HALL 1. MANAGEMENT SERVICES Hall and Hall s Management Division has a very clear mission to represent the owner and to ensure that his or her experience is a positive one. Services are customized to suit the owner s needs. They often begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight, and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a management firm representing them and providing advice on local area practices and costs. Wes Oja, Jerome Chvilicek, Dan Berstrom or Brant Marsh at (406) 656-7500 are available to describe and discuss these services in detail and welcome your call. 2. RESOURCE ENHANCEMENT SERVICES Increasingly the value of a ranch is measured by the quality of each and every one of its resources. Coincidentally, the enhancement of a ranch s resources also increases the pleasure that one derives from the ownership of a ranch. Our management services have included the assessment of everything from wildlife habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the enhancement of these resources. Wes Oja, Jerome Chvilicek, Dan Bergstrom or Brant Marsh at (406) 656-7500 are available to describe and discuss these services in detail and welcome your call. 3. AUCTIONS - Hall and Hall Auctions offer Another Solution to create liquidity for the owners of Investment-Quality Rural Real Estate. Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties throughout the nation. Extreme attention to detail and complete transparency coupled with Hall and Hall s Rolodex of more than 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each auction. In addition, the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that we realize true market value on auction day. For more information on our auction services contact Scott Shuman at (800) 829-8747. 4. APPRAISALS - Staying abreast of ancillary market influences in ever-changing economic conditions requires a broad professional network to tap into. Finding an appraiser who not only understands the numbers but also the differences in value from one area to another is a critical part of making an informed decision. The appraisal team at Hall and Hall, formed entirely of Accredited Members of the American Society of Farm Managers and Rural Appraisers (ASFMRA), has that critical network of brokers and lending professionals. This professional network coupled with diverse experience across multiple regions and market segments allows our appraisal team to deliver a quality product in a reasonable timeframe. For more information contact our appraisal team at (406) 656-7500. 5. SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to landowners. In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on ranches where value may be influenced by recreational features, location and improvements and repayment may come from outside sources. Our extensive experience and efficient processing allows us to quickly tell you whether we can provide the required financing. Competitive Pricing Flexible Terms Efficient Processing Tina Hamm or Scott Moran (406) 656-7500 Mike Hall or Judy Chirila (303) 861-8282 Monte Lyons (806) 698-6882 J.T. Holt (806) 698-6884 21

In Colorado, Buyers should be aware that different real estate brokerage relationships are available which include seller agency, buyer agency or transaction-brokerage. BROKERAGE DISCLOSURE TO BUYER DEFINITIONS OF WORKING RELATIONSHIPS: SELLER S AGENT: A seller s agent (or listing agent) works solely on behalf of the seller to promote the interests of the seller with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the seller. The seller s agent must disclose to potential buyers all adverse material facts actually known by the seller s agent about the property. A separate written listing agreement is required which sets forth the duties and obligations of the broker and the seller. BUYER S AGENT: A buyer s agent works solely on behalf of the buyer to promote the interests of the buyer with the utmost good faith, loyalty and fidelity. The agent negotiates on behalf of and acts as an advocate for the buyer. The buyer s agent must disclose to potential sellers all adverse material facts actually known by the buyer s agent including the buyer s financial ability to perform the terms of the transaction and if a residential property, whether the buyer intends to occupy the property. A separate written buyer agency agreement is required which sets forth the duties and obligations of the broker and the buyer. TRANSACTION-BROKER: A transaction-broker assists the buyer or seller or both throughout a real estate transaction by performing terms of any written or oral agreement, fully informing the parties, presenting all offers and assisting the parties with any contracts, including the closing of the transaction without being an agent or advocate for any of the parties. A transaction-broker must use reasonable skill and care in the performance of any oral or written agreement, and must make the same disclosures as agents about all adverse material facts actually known by the transaction-broker concerning a property or a buyer s financial ability to perform the terms of a transaction and if a residential property, whether the buyer intends to occupy the property. No written agreement is required. CUSTOMER: A customer is a party to a real estate transaction with whom the broker has no brokerage relationship because such party has not engaged or employed the broker, either as the party s agent or as the party s transaction-broker. Please contact one of the Hall and Hall brokers for a complete discussion of potential working relationships for this property. A written relationship disclosure will be provided to a prospective buyer prior to engaging in brokerage activities as defined by the Colorado Real Estate Commission. Jeff Buerger of Hall and Hall is the exclusive agent of the Seller. 22