A massive North Texas ranch sold for $45 million - here’s what will happen to it
A ranch outside Weatherford just sold for the kind of money that makes people stop and ask what’s so special about it.
The property, known as TR9 Ranch, spans hundreds of acres and is built for high-level horse training and breeding. A Houston couple bought it Jan. 8 after it hit the market last year with a $45 million price tag.
The sale keeps the ranch in the world of Western performance sports, which are a big deal in Parker County.
Here’s what to know about the ranch and its new owners.
What makes TR9 Ranch unique?
TR9 was built from the ground up for elite Western performance horses, according to a news release. The property covers more than 800 acres and includes several high-end facilities that you won’t find on a typical ranch.
There are also several homes on the property, including a 3,114-square-foot rock-and-hardboard rock main house, a pool house and a managers’ house for staff.
The equestrian side of the ranch includes a show barn with an upstairs apartment, an eight-stall mare motel, multiple turnout pens and an insulated indoor arena designed for year-round training and events.
Every part of the ranch was laid out to support competitive riding, breeding, and training at the highest level, which is why it’s been viewed as a premiere site in the Western sports world.
Who purchased the ranch?
Jason and Kisha Itkin of Houston bought TR9 through their operation, Theorem Ranch, according to the news release.
They’re already active in the Western performance scene and own ranch property in Texas and Montana.
The couple also recently bought Stevie Rey Von, one of the most valuable cutting horses in the country, for more than $23 million.
Given their background, adding TR9 to their lineup fits the kind of work they’re already investing in.
Why was TR9 Ranch put on the market?
Teton Ridge, the company that owned TR9, moved away from running its horse breeding and training programs.
As part of that shift, the company auctioned off its horses in a dispersal sale last September, bringing in more than $28 million in a single day.
After that sale wrapped up, Teton Ridge listed TR9 Ranch through Icon Global, as part of its larger transition out of the equestrian side of its business.
What do the new owners plan to do with the property?
Kisha Itkin said they’re committed to maximizing the ranch’s potential, according to the news release.
“We believe this ranch will be a key component of our plan to help grow Western performance sports. The elite facilities will provide unique opportunities for horses, trainers, riders, and fans. The possibilities are endless.”
Jason Itkin added that TR9 and their Montana property complement each other.
“For generations, cattle drives between the two states shaped ranching traditions, horsemanship skills and the shared values that defined the American West. “We plan to celebrate that legacy while helping increase the nation’s appreciation for Western culture.”
The couple’s plans focus on expanding training opportunities, supporting competitive events, and keeping TR9 active in the sport rather than repurposing it for another use.
Why does this sale matter for North Texas?
Weatherford is a major center for Western performance sports, so high profile ranch sales tend to ripple through the local industry.
The city is known as the “Cutting Horse Capital of the World” due to its deep roots in the cutting horse industry and its large number of successful cutting horse trainers, riders, and breeders,” according to the Weatherford Chamber of Commerce.
Facilities like TR9 support trainers, draw competitors, and help attract investment in Parker County’s horse economy.
