From left: Mehrdad Moayed and Kyle Bass (Getty, Centurion American)
Mehrdad Moayedi’s Centurion American has added a historic Texas ranch to its stable.
Southfork Ranch, once the backdrop of the Ewing family drama on the famous television series Dallas in the 1970s, now belongs to the Farmers Branch-based company. Centurion says it plans to use part of the 241-acre property in the town of Parker for a new neighborhood of custom homes, according to the Dallas Morning News.
The Collin County property was previously managed by Forever Resorts, whose founder, businessman Rex Maughan, had owned the ranch since 1992. Though the price and terms of the sale were not disclosed, the location—Parker, Texas— is known for its expansive homes that go for a minimum of $1 million.
“We are looking forward to working with the city of Parker to determine the future of this historic property,” CEO Mehrdad Moayedi said in a prepared statement. “Southfork Ranch is one of the most important and beloved parcels of land in the metroplex with more than 400,000 visitors each year, and we’re proud to lead the team bringing it into its next evolution.”
While the company plans to preserve the landmark house, it also has want to include “larger residential lots, although the size and number will be determined in conjunction with discussions with the city of Parker.”
Moayedi has been very active in the rural Texas markets as of late with plans for a 30,000-home community in Celina,…
