Murray Wise founded the Westchester Group in 1986 after acquiring the Champaign, IL division of the Sandage Companies, a traditional farm management and brokerage firm. Soon after, Westchester Group formed a strategic partnership with Cozad Asset Management. What started with small farmland-investor relations in the Midwest soon grew into working with institutional investors on a national scale.
Then in 1988, Westchester collaborated with a firm specializing in auction marketing of farm machinery and real estate. This alliance combined auction experience with unprecedented marketing expertise, perfecting the sophisticated multi-parcel auction system that made Westchester Auctions the land marketing authority. Over the next 20 years, Westchester steadily grew to a be a national leader with offices in seven states, $900 million in agricultural assets for clients, and $2.0 billion in real estate sold, along with numerous marketing excellence awards.
In 2010, Teachers Insurance and Annuity Associations of America (TIAA) purchased a majority of the global investment division of Westchester Group. This allowed Westchester Auctions, now Murray Wise Associates and Murray Wise Capital, to focus on land and agribusiness transactions. In the years since the spin-off, Murray Wise Associates and its subsidiaries have managed over $200 million in farmland assets and sold over $550M in agricultural assets at auction, through private treaty, and corporate restructuring transactions. We have acted as advisors for bankruptcies, distressed asset sales and estate motivated transactions as well as marketing, purchasing, and managing farmland across the Unites States.
Today, the company is completely focused on achieving the ownership and investment objectives of our clients and continuing the tradition of growth, innovation and commitment to excellence in the land marketing and global agricultural arenas.
"For farmers, bankruptcy isn’t always the end – sometimes it’s a new beginning." https://bit.ly/2HRJuA1
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Join us today for an open house 4-7pm! We will have staff on site to give tours and answer any questions you may have. This is a great opportunity to have all questions answered before the June 21st auction that's quickly approaching! http://www.murraywiseassociates.com/farmland-real-estate/auction/ItemId/122/Oklahoma/Pittsburg-County …
The financial woes of US farmers have spread from select sectors in specific regions to swathes of the industry. What will the market look like in a few years’ time? (no paywall) https://www.agriinvestor.com/after-the-bankruptcy-epidemic/ … @MWA_LLC @klazig #agriculture pic.twitter.com/KwfMkbjKR0
Prices for high quality IL land are generally holding firm, even rising in some areas of the state, while farm income has been going down. The pinch on operating income has not had a drastic effect on the value of high quality farmland.
Why is this?
http://www.murraywiseassociates.com/Blog/illinois-land-market-continues-to-show-resilience … pic.twitter.com/Z3AQmZWchx
Murray Wise Associates LLC
1605 South State Street, Suite 110
Champaign, IL 61820
800.607.6888 (Toll free)
Real Estate and Farm Management
Murray Wise Capital
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