Hines Acquired Brown Ranch for Large Fort Worth Project
The firm purchased 1,476 acres of land that is slated for thousands of new homes and commercial development.
Updated on Oct. 10, 2026 in Real Estate — General
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Real estate firm Hines has acquired the 1,476-acre Brown Ranch, situated on the border of Tarrant and Parker counties within the extraterritorial jurisdiction of Fort Worth. The site is expected to house 3,800 homes and 70 acres of commercial development at full build-out.
Why it matters
The development addresses significant housing needs in a region that has experienced rapid population growth over the last five years. By securing this land, the project aims to capitalize on the increasing demand for residential space within the Aledo Independent School District.
The 1,476-acre acquisition includes 3,800 planned residential units and 70 acres reserved for commercial use. The property sits near the Aledo Independent School District in an area seeing 25% population growth in Parker County since 2020.
The players
Hines
This is a global real estate investment, development, and property manager headquartered in Houston.
Fort Worth City Council
This is the governing body responsible for legislative decisions and land-use approvals in the city of Fort Worth.
Aledo Independent School District
This is the public school system that serves the students residing within the boundaries of the newly acquired development.
Land Advisors Organization
This is a specialized real estate brokerage firm that focuses on the marketing and sale of land assets.
The details
Following a competitive bidding process, Hines won the rights to the Brown Ranch property, which had been held by the Brown family for several generations. The Fort Worth City Council provided the necessary approval for the development agreement in June 2026, with financing supported by Harvest Capital, TPG Credit, and Trez Capital.
Timeline
Parker County population grew 25% between 2020 and 2025.
The Fort Worth City Council approved the development agreement in June 2026.
Hines completed the acquisition of the Brown Ranch in October 2026.
Culture Shift
This project follows the pattern of large-scale master-planned community development established by the nearby Walsh project. It reflects a wider shift toward expanding the suburban footprint to accommodate the rapid population influx seen throughout the Dallas-Fort Worth metro area.
Residents can anticipate significant long-term changes to local land use as the development adds 3,800 homes to the Aledo Independent School District. The project will likely increase regional traffic as construction begins on the site located north of Old Weatherford Road.
The takeaway
The transformation of Brown Ranch highlights how developers are aggressively targeting land on the fringes of major cities to satisfy population growth. Future residents should monitor school district updates and road infrastructure improvements as the build-out progresses.
Further reading
For more information on the regional housing market, visit the Real Estate — General section.
Source note: This article includes information reported by The Dallas Morning News.
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